How to Measure the Business Value and Success of Your Digital Transformation? Towards new crowd-sourced, holistic and industry-agnostic metrics of strategy execution to improve your 2018 predictions and the success of your digital transformation
The following is a selection of companies that recently consulted SIMMETHOD’s Strategy Execution C-suite and Boardroom Risk Alerts:
Massachusetts Institute of Technology, University of Western Ontario, Deutsche Telekom, Twitter, Apple, Emirates Telecommunications Corporation, China Telecom Guangdong, PT Telkom Indonesia, SAP, Hebrew University of Jerusalem, Amazon Data Services, Taiwan Academic Network, Bogazici University Turkey, Red Universitaria Nacional Chile, Cisco Systems Ironport Division, Virgin Media, Capgemini, Department of Administrative Services, Cigna, Tata Teleservices, Amazon.com, Zain Saudi Arabia, Optus, Alexion Pharmaceuticals, EY, PWC, Attorney-General’s Department, Salesforce, Gartner, Allied Glass, Saudi Business Machines
“According to a recent Forrester study, a large percentage of executives think that almost half of their revenue will be influenced by digital by 2020.
By 2019, companies around the world are expected to have spent a total of U$S2.1 trillion on digital transformation, according to IDC. IDC also predicts that by 2018, 70 percent of siloed digital transformation initiatives will ultimately fail.
Leading companies track the metrics that matters. Traditional financial KPIs are no longer effective at measuring success of a business. Companies that understand digital transformation earn 26% more profit than others and in a down market, these scale effects become more pronounced in investor valuations.
Performance monitoring will need to transition to relevant new digital metrics from traditional ones. In a survey of 2,000 business 81% believe industry boundaries will become dramatically less distinct” World Economic Forum
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