WEBVTT 1 00:00:00.000 --> 00:00:04.320 (crackling electricity and a thundering boom) 2 00:00:04.320 --> 00:00:06.720 In these times of extreme uncertainty 3 00:00:06.720 --> 00:00:09.560 and disruption, companies' resilience 4 00:00:09.560 --> 00:00:12.920 is being tested like never before. 5 00:00:12.920 --> 00:00:16.200 To keep up, companies need to fundamentally change 6 00:00:16.200 --> 00:00:18.720 the way they think about their technology 7 00:00:18.720 --> 00:00:20.320 if they want to succeed. 8 00:00:20.320 --> 00:00:22.720 Letting go of common assumptions about 9 00:00:22.720 --> 00:00:25.760 how to execute IT a digital transformation 10 00:00:25.760 --> 00:00:27.720 is a big part of that; 11 00:00:27.720 --> 00:00:30.040 and unless they do, they risk failure. 12 00:00:32.240 --> 00:00:34.960 (upbeat music) 13 00:00:34.960 --> 00:00:37.800 Digital transformation and the ability 14 00:00:37.800 --> 00:00:42.120 for an organization to unlock siloed data 15 00:00:42.120 --> 00:00:45.800 has long been recognized as a crucial factor 16 00:00:45.800 --> 00:00:49.600 for companies seeking to keep up with major changes, 17 00:00:49.600 --> 00:00:52.680 like explosions in data generation and the emergence 18 00:00:52.680 --> 00:00:56.960 of AI capabilities, to shifting consumer demands 19 00:00:56.960 --> 00:00:59.000 and new market forces. 20 00:00:59.000 --> 00:01:01.640 But complex legacy IT systems 21 00:01:01.640 --> 00:01:04.680 often stand in the way of this acceleration. 22 00:01:04.680 --> 00:01:06.760 They are expensive to maintain 23 00:01:06.760 --> 00:01:09.480 and take many years to migrate. 24 00:01:10.680 --> 00:01:14.040 This translates into high-risk, expensive 25 00:01:14.040 --> 00:01:16.120 transformation programs that often 26 00:01:16.120 --> 00:01:20.840 don't actually deliver the required strategic outcomes. 27 00:01:20.840 --> 00:01:25.840 (wondrous electronic theme) 28 00:01:26.200 --> 00:01:29.120 BCG's data and digital platforms approach, 29 00:01:29.120 --> 00:01:31.680 or DDP as we like to call it, 30 00:01:31.680 --> 00:01:34.440 uses our unique reference architecture 31 00:01:34.440 --> 00:01:37.200 to decouple the digital transformation from the 32 00:01:37.200 --> 00:01:41.160 core legacy IT systems and their inherent constraints. 33 00:01:41.160 --> 00:01:43.240 (upbeat music) 34 00:01:43.240 --> 00:01:45.760 Data is liberated across the business, 35 00:01:45.760 --> 00:01:49.440 enabling its access and use throughout the organisation. 36 00:01:49.440 --> 00:01:52.720 The digital front end evolves quickly to accommodate 37 00:01:52.720 --> 00:01:56.200 new customer, supplier, and employee needs 38 00:01:56.200 --> 00:01:58.840 and enable rapid innovation. 39 00:01:58.840 --> 00:02:00.920 (upbeat music) 40 00:02:00.920 --> 00:02:04.280 The DDP approach creates technology stacks 41 00:02:04.280 --> 00:02:08.360 with simple modular interfaces between systems. 42 00:02:08.360 --> 00:02:12.760 These allow data to move quickly and efficiently, 43 00:02:12.760 --> 00:02:17.240 and enables new tech, like AI and cloud, to be deployed 44 00:02:17.240 --> 00:02:21.520 with minimal impact to adjacent core systems. 45 00:02:21.520 --> 00:02:25.200 A more harmonious and simplified system is created, 46 00:02:25.200 --> 00:02:28.000 allowing better global processes to be developed. 47 00:02:28.000 --> 00:02:30.200 (upbeat music) 48 00:02:30.200 --> 00:02:33.920 Finally, to truly harness the power of DDP 49 00:02:33.920 --> 00:02:36.240 and unlock the value of the data, 50 00:02:36.240 --> 00:02:39.800 companies need to implement new ways of working. 51 00:02:39.800 --> 00:02:43.000 Incorporating cross-functional agile teams 52 00:02:43.000 --> 00:02:45.360 with the proper training will allow them 53 00:02:45.360 --> 00:02:48.560 to understand how to frame the right questions 54 00:02:48.560 --> 00:02:51.600 necessary to achieve the desired outcome 55 00:02:51.600 --> 00:02:53.360 and deliver early value. 56 00:02:55.600 --> 00:02:59.080 Keeping pace with technological change 57 00:02:59.080 --> 00:03:03.520 has always been a challenge, and now more than ever, 58 00:03:03.520 --> 00:03:07.480 this growing realization has come into sharp focus. 59 00:03:07.480 --> 00:03:11.280 The future of work and life will be more digital 60 00:03:11.280 --> 00:03:14.280 than people previously imagined. 61 00:03:14.280 --> 00:03:17.880 With the DDP approach to digital transformation, 62 00:03:17.880 --> 00:03:20.920 the business has unparalleled access 63 00:03:20.920 --> 00:03:25.840 and tools to combine data in new and differentiating ways. 64 00:03:25.840 --> 00:03:29.600 Companies can create flywheels of innovation. 65 00:03:29.600 --> 00:03:31.320 (upbeat music) 66 00:03:31.320 --> 00:03:33.760 In this way, they continually deliver 67 00:03:33.760 --> 00:03:36.680 new products and services to the front lines, 68 00:03:36.680 --> 00:03:39.120 to respond quickly to customer needs 69 00:03:39.120 --> 00:03:41.040 and competitive pressure. 70 00:03:41.040 --> 00:03:43.760 Accelerating this digital transformation 71 00:03:43.760 --> 00:03:46.560 is vital to survive and thrive. 72 00:03:46.560 --> 00:03:48.320 (inspirational theme music crests and fades)