WEBVTT

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(projector beeps, whirs)

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In order to get the most from a data

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and digital platform solution,

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companies have to make
some fundamental changes

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and re-envision their IT structure.

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(upbeat music)

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Most important, you need to
let go of common assumptions

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about how best to execute
digital transformation

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and embrace an entirely
new approach to IT.

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First, decouple the digital transformation

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of your business from the
core IT transformation.

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Legacy IT systems are often
complex, expensive to maintain,

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and require risky and costly changes

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that stretch out over multiple years.

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Decoupling the business from
the core IT transformation

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fosters tremendous business
agility and reduces IT risk.

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(upbeat music)

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Second, liberate data from IT structures

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and make sure it's owned
by the business instead.

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This is critical for prioritizing

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the most valuable applications

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of digital technologies
for implementation.

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(upbeat music)

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To make this change,

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move from traditional
monolithic IT architectures

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to more independent and
modular arrangements.

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These allow data to move
quickly and efficiently,

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and enable you to deploy
new tech, like AI and cloud,

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with minimal impact to
adjacent core systems.

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You'll create a more harmonious
and simplified system

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that positions your company

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to develop better global processes.

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Third, build your unique

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engineering capabilities in-house.

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Having engineers close to the front line

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improves time to value ratios

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and fosters agility in your workforce.

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An agile workforce brings together

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cross-functional teams from the business,

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from engineering and development,

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as well as from operations.

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These teams are skilled
at testing and learning

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and determining how to use data and tech

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to generate real business outcomes fast.

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(uplifting music)

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Fourth, deploy new
digital tools and services

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to the frontline ever quarter,
not every year or two.

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You'll equip your company to respond

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to dynamic customer demands as they arise.

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Use iterative deployment methods

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to boost technology know-how
in frontline business teams.

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You'll enable them to
work more efficiently

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with technology teams to quickly build

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and deploy the right algorithms.

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And fifth, stay lazer-focused
on speed to value.

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If your company embarks
on a digital project

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that's scheduled to take
several years to complete,

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and it can't split the
project into smaller pieces

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for faster implementation, kill it,

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even if the upfront
investments are substantial.

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The projected digital experience
will likely be outdated

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by the time the project
is completed anyway.

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Challenging common assumptions

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about how best to tackle digital
transformation isn't easy,

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but companies that master this mindset

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can gain maximum competitive advantage

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from their tech transformation program.

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(gentle acoustic music)