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To identify the key factors

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that drive success

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in a digital transformation, BCG recently

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surveyed over 800 senior executives

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globally across all major industries,

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and studied more than 70

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digital transformations supported by BCG.

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The study showed that

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only 30% of digital transformation

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efforts achieve success.

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However, there are six

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key factors that,

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if addressed adequately,

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can flip the odds of success

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in a digital transformation

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from 30% to 80%.

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One of the six success factors

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is having a business-led modular technology and data platform.

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Our research reveals that companies

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that have a modular, flexible,

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interoperable technology

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and data platform aligned with business

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needs and goals are 33%

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more likely to succeed

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in their digital transformation efforts

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than those that do not.

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In fact, amongst companies

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that managed to pull off

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a successful digital transformation,

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a staggering 75%

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had such a digital and data

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platform in place.

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To help you assess your readiness

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to make the necessary tech upgrades

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and allocate funds accordingly,

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we have developed a set of

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Yes/No questions about three key

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aspects of tech design and enablement.

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Business-led & fit for purpose.

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This means that the tech

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transformation is grounded

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in real business value,

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supports the overall digital strategy,

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and provides transparency

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on the impact on products, processes,

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and the organization.

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Designed for frequent upgrades.

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Using iterative deployment methods

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to accelerate deployment

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time for features required

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by the use cases

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during the transformation

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and allow flexibility

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for catering to future needs.

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Designed emphasizing IT

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architecture best practices.

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This drives discipline

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while building new capabilities,

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and minimizes delivery

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risk for the strategic use cases

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in the digital transformation.

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Here are a few other practices to follow

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as you progress with your digital

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transformation efforts.

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Decouple the digital transformation

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from your core system transformation

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and run the two in parallel.

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A gradual, outcome-driven approach

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to implementing a modern digital

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and data platform is the fastest,

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most cost-effective path to value.

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Liberate data from core systems,

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because data is a valuable

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enterprise asset that is defined,

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modeled, and owned by the business.

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IT should build data platforms

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that democratize the use of data

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throughout the business.

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Continually build

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and refine new capabilities

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in your people.

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Actively look to take ownership.

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In-source differentiating capabilities

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and have them work with common goals

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next to the front line.

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Use iterative deployment methods.

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Increase speed and agility

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by using new ways of working across

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technology and business IT

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engagement.

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Focus on speed to value.

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Be bold in shelving projects

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that cannot launch or create

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value quickly, as they will

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otherwise be outdated

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by the time of launch.

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Finally, as one of our senior clients

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puts it: