Digital transition strategy

To survive disruption and thrive in the digital era, incumbents need to become digital enterprises, rethinking every element of their business.

One of the defining characteristics of the digital revolution is the plummeting cost of advanced technologies (a drone cost $100,000 in 2007; a similar model $700 in 2013). Cheaper and better technology is creating a more connected world: today, there are 8 billion Internet-connected devices, and that number is projected to reach 1 trillion by 2030. And the ‘combinatorial’ effects of technologies, such as mobile, cloud, sensors, analytics and the Internet of Things, are accelerating progress exponentially.
 
To boil down the implications of what this otherwise overwhelming topic means for your company and derive from them some actionable concepts, it’s useful to focus on four themes: digital business models
digital operating models, digital talent and skills and digital talent metrics.