3 traits that digital leaders have in common

 Karalee Close is a senior partner and managing director at Boston Consulting Group (BCG), where she is also the global leader of their Technology Advantage practice. Hrishi Hrishikesh is a partner and director at BCG and a senior fellow at Technology Advantage. They recently partner with Google to study how global companies are successfully tackling digital transformation. They share their key findings here.

That we’re in a new era of digital consumption — one that’s been rapidly accelerat by COVID-19. If the past few years have shown us anything, it’s that companies must be prepar to move quickly to stay ahead of the pace of change.

 Since 2018, we’ve partner with Google to explore digital instagram database transformation as it has evolv from a relatively nascent concept to a business imperative. More recently, we team up to better understand why some companies are able to generate significant value from digital solutions, and why so many others still lag behind.

Our approach was to study the digital competency and maturity of 2,000 global companies, and we found that the value companies derive from their digital solutions is discover the secrets of the 3 most view youtube ads inextricably link to their ability to scale those solutions at spe. Achieving scale is what transforms digital pilots from interesting experiments into drivers of significant value. Companies that can do this faster than the rest of the market have a considerable advantage.

 This became an important driver for our study

It differentiat the “digital leaders”—the roughly 30% of companies that generate significant value from digital—from everyone else. Our research show that digital leaders achieve three times greater revenue growth and cost savings, and have twice the accelerat time to market compar to companies that fail to derive value from digital.

By further analyzing digital leaders, we were able to identify three key factors that enabl them to successfully scale their digital solutions. Here’s what you ne to know.

Becoming a digital leader starts at the top. Companies succe anhui mobile phone number list when digital transformation is not just the purview of one executive, but when the entire C-suite aligns on a common strategy and roadmap. Once they’ve establish the North Star, CxOs must work together to drive the entire organization to execute on the vision from the top down. According to our research, 72% of digital leaders say consistent executive-level collaboration is essential, and 82% say they align across the C-suite on digital vision, investment, and other resources to drive the agenda together.

 To do this successfully, leaders must embrace agile ways of working. They cannot work in silos if they plan to cascade strategies and objectives down to local business units. Flexible planning and budgeting processes are critical, and the entire management team must be more involv in technology, data privacy, and analytics to pursue a successful digital roadmap.