1 00:00:26,800 --> 00:00:28,160 Our research shows that 2 00:00:28,160 --> 00:00:30,200 one of the six key factors that flip 3 00:00:30,200 --> 00:00:31,520 the odds of success 4 00:00:31,920 --> 00:00:33,480 for digital transformations 5 00:00:33,480 --> 00:00:35,960 from 30% to 80% 6 00:00:36,560 --> 00:00:39,080 is having a business-led modular 7 00:00:39,080 --> 00:00:40,640 technology and data platform. 8 00:00:41,440 --> 00:00:43,920 BCG research reveals that companies 9 00:00:43,920 --> 00:00:46,160 that have a modular, flexible, 10 00:00:46,440 --> 00:00:48,000 interoperable technology 11 00:00:48,000 --> 00:00:49,040 and data platform 12 00:00:49,320 --> 00:00:50,480 aligned with business 13 00:00:50,480 --> 00:00:52,280 needs and goals are 33% 14 00:00:52,280 --> 00:00:54,440 more likely to succeed 15 00:00:54,440 --> 00:00:56,240 in their digital transformation efforts 16 00:00:56,760 --> 00:00:57,960 than those that do not. 17 00:00:58,000 --> 00:00:59,840 In fact, amongst companies 18 00:00:59,840 --> 00:01:01,160 that managed to pull off 19 00:01:01,200 --> 00:01:03,160 a successful digital transformation, 20 00:01:03,280 --> 00:01:05,280 a staggering 75% 21 00:01:05,280 --> 00:01:06,760 had such a digital and data 22 00:01:06,760 --> 00:01:07,840 platform in place. 23 00:01:08,880 --> 00:01:10,920 To help you assess your readiness 24 00:01:11,040 --> 00:01:13,160 to make the necessary tech upgrades 25 00:01:13,480 --> 00:01:15,360 and allocate funds accordingly, 26 00:01:15,600 --> 00:01:17,000 we have developed a set of 27 00:01:17,000 --> 00:01:20,000 Yes/No questions about three key 28 00:01:20,000 --> 00:01:22,680 aspects of tech design and enablement. 29 00:01:23,080 --> 00:01:24,960 Business-led and fit for purpose. 30 00:01:25,120 --> 00:01:26,360 This means that the tech 31 00:01:26,360 --> 00:01:27,840 transformation is grounded 32 00:01:27,840 --> 00:01:29,200 in real business value, 33 00:01:29,720 --> 00:01:31,920 supports the overall digital strategy, 34 00:01:32,120 --> 00:01:33,960 and provides transparency 35 00:01:34,200 --> 00:01:36,680 on the impact of products, processes, 36 00:01:36,920 --> 00:01:37,920 and the organization. 37 00:01:38,480 --> 00:01:40,000 Designed for frequent upgrades. 38 00:01:40,760 --> 00:01:42,920 Using iterative deployment methods 39 00:01:43,160 --> 00:01:44,520 to accelerate deployment 40 00:01:44,520 --> 00:01:46,560 time for features required 41 00:01:46,800 --> 00:01:48,080 by the use cases 42 00:01:48,080 --> 00:01:49,280 during the transformation 43 00:01:49,280 --> 00:01:50,640 and allow flexibility 44 00:01:50,640 --> 00:01:52,440 for catering to future needs. 45 00:01:52,800 --> 00:01:54,520 Designed emphasizing 46 00:01:54,560 --> 00:01:56,360 IT architecture best practices. 47 00:01:56,600 --> 00:01:57,720 This drives discipline 48 00:01:57,840 --> 00:01:59,560 while building new capabilities 49 00:01:59,880 --> 00:02:01,280 and minimizes delivery 50 00:02:01,280 --> 00:02:03,400 risk for the strategic use cases 51 00:02:03,560 --> 00:02:04,920 in the digital transformation. 52 00:02:05,240 --> 00:02:07,360 Here are a few other practices to follow 53 00:02:07,400 --> 00:02:09,160 as you progress with your digital 54 00:02:09,160 --> 00:02:10,280 transformation effort: 55 00:02:11,200 --> 00:02:13,320 Decouple the digital transformation 56 00:02:13,320 --> 00:02:15,040 from your core system transformation 57 00:02:15,400 --> 00:02:16,760 and run the two in parallel. 58 00:02:17,160 --> 00:02:19,440 A gradual, outcome driven approach 59 00:02:19,640 --> 00:02:21,840 to implementing a modern digital 60 00:02:21,840 --> 00:02:22,680 and data platform 61 00:02:22,680 --> 00:02:23,880 is the fastest, 62 00:02:24,080 --> 00:02:26,520 most cost-effective path to value. 63 00:02:27,080 --> 00:02:28,840 Liberate data from core systems, 64 00:02:29,000 --> 00:02:30,360 because data is a valuable 65 00:02:30,360 --> 00:02:32,240 enterprise asset that is defined, 66 00:02:32,360 --> 00:02:34,200 modeled, and owned by the business. 67 00:02:34,800 --> 00:02:36,640 IT should build data platforms 68 00:02:36,640 --> 00:02:38,520 that democratize the use of data 69 00:02:38,520 --> 00:02:39,600 throughout the business. 70 00:02:40,080 --> 00:02:41,520 Continually build and refine 71 00:02:41,520 --> 00:02:43,200 new capabilities in your people. 72 00:02:43,760 --> 00:02:46,640 Actively look to take ownership. 73 00:02:46,680 --> 00:02:48,200 In-source differentiating capabilities 74 00:02:48,640 --> 00:02:50,720 and have them work with common goals 75 00:02:51,080 --> 00:02:52,280 next to the front line. 76 00:02:52,840 --> 00:02:54,600 Use iterative deployment methods. 77 00:02:54,720 --> 00:02:56,680 Increase speed and agility 78 00:02:56,920 --> 00:02:57,960 by using new ways 79 00:02:57,960 --> 00:02:59,960 of working across technology 80 00:03:00,200 --> 00:03:02,000 and business IT engagement. 81 00:03:02,240 --> 00:03:04,520 Focus on speed to value. 82 00:03:04,520 --> 00:03:06,240 Be bold in shelving projects that cannot launch 83 00:03:06,240 --> 00:03:07,480 or create value quickly, 84 00:03:07,520 --> 00:03:09,400 as they will otherwise be outdated 85 00:03:09,440 --> 00:03:10,480 by the time of launch. 86 00:03:10,760 --> 00:03:13,000 Finally, as one of our senior clients puts it: