In the digital world, decision making clarity and cadence are mission critical success factors
The speed and complexity of change from disruptive technologies puts an even greater pressure on the need to change the decision-making clarity and cadence of your company. The risks of taking too long to make a decision in many cases outweigh the risk of making the wrong decision, especially if you can learn from it and quickly make a new and better decision.
In the digital world, Fire-Aim-Ready is not a winning strategy for GenAI
In my monthly blog from last February, I highlighted the gold rush mentality of companies spending on GenAI because of a fear of missing out (FOMO) on this new wave of disruptive digital technology. Three years later, the results have shown that over 85% of those investments have yielded little or no return:
In the digital world, to compete successfully as a digital enterprise requires transformational leadership
In a recent McKinsey Global Survey of 2,190 companies, two thirds of those companies in pursuit of transforming their businesses into digital enterprises said that they were “just treading water, taking no decisive action, and consequently achieving little or no success.”
In the digital world, MVE is the best route to ROI
IDC’s Worldwide C-Suite Survey 2023-2024 showed that over half of C-Suite executives say that GenAI is a top investment priority for their company. An EY study published in July found 95% of senior executives saying their organizations were currently investing in AI.
In the digital world, success is about having the right business growth performance metrics
In a recent McKinsey Global Survey of 2,190 companies, two thirds of those companies in pursuit of transforming their businesses into digital enterprises said that they were “just treading water, taking no decisive action, and consequently achieving little or no success.”
In the digital world, you either innovate or stagnate
According to Harvard Business Review, researchers estimate that 70–90% of innovation projects fail. This includes new product innovations and business innovations that aim to change an existing market.
In the digital world, it’s all about employee adoption & utilization
Numerous studies have documented that the vast majority of AI projects over the past several years have failed to achieve their desired outcomes. Much of that failure has been the result of a large percentage of companies who have not been successful in getting their employees to adopt and utilize it.
In the digital world, the scarce commodity is attention
Attention is one of the scarcest and most valuable resources in the 24/7 connected digital world. Individual employees have unlimited access to a wealth of information both personal and business related anytime, anywhere, on any device. The challenge is that these individuals only have limited time and a limited attention span to consume, process, and focus this wealth of information in service to the successful performance of your company.
In the digital world, your company narrative is a critical success factor
In today’s digital world of 24/7 internet access, all your key stakeholders (customers, employees, supply chain partners and others) are constantly impacted by how other people talk about your company’s products and services and how well they meet your customers’ expectations.
In the digital world, It’s essential to free IT’s future from the pull of its past
Companies spent over $2 trillion last year on digital transformation. A recent McKinsey research study found that only 12% of companies report achieving their transformation goals over the past three years. On average 43% of the financial benefits are lost during the latter stages of large-scale transformation efforts. Most transformation efforts made some tactical improvements to IT but did little to impact critical changes to the companies’ operating or business models.
