How to make sure your business is on the winning side of digital?
By 2030, 40% of the businesses will fade into oblivion, unable to adapt to digital disruptions. Digital is reshaping global markets, affecting companies of every size, so it is time for a change. At the same time, studies show that only around 15% of digital transformation campaigns actually succeed.
How to make sure digital brings real value?
Some enterprises adapted to technological challenges faster and implemented their digital transformation strategies early on. They are digital natives. These companies enjoy distinct financial benefits that are derived directly from their technological supremacy.
How can smaller companies keep up with the pace?
This paper looks at the digitally advanced organizations and their accomplishments. Data suggests successful digital transformations in banking and other industries have several important common features:
- A formal business strategy for digital.
- Top management leads transformation initiatives.
- Digital natives eagerly cooperate with third-party service providers.
- They extensively use open source software components.
Smaller companies that cannot implement digital transformation with their internal resources often build nearshore dedicated development teams. For instance, traditional finance companies that do not have the necessary engineering expertise often cooperate with finance software developers in Eastern Europe. This region has a vast IT talent pool and competitive software development rates.
Let’s examine what successful digital transformation initiatives have in common and how to use that knowledge across your company. Download the white paper in just one click!