22 06, 2018

Digital Transformation: A Roadmap

By | June 22nd, 2018|Digital Transformation, Infographics|0 Comments

How to Reinvent Your Company for Its Digital Future Digital transformation is a topic of rich and vital discussion in boardrooms and among executive teams around the world. Bain was selected by the World Economic Forum to convene a group of companies engaged in the topic, and, working with more than 40 global executives, to create a new approach to digital transformation. The below materials, presented at Davos, reflect the emerging insights on what it takes to lead and deliver a digital transformation. — Ouriel Lancry, coleader of Bain's Global Digital practice Explore each chapter below:

31 05, 2018

Reinventing Your Business Model for Digital

By | May 31st, 2018|Blog, Customer Strategy & Marketing, Digital Transformation|0 Comments

By Ryan Morrissey and Ouriel Lancry Everyone thinks about Netflix as a digital native. The company delivers content via any device, produces TV shows and films using reams of customer data, and is even headquartered in Silicon Valley. In reality, Netflix used to be the media industry equivalent of Sears―shipping DVDs by mail from large warehouses located across the country. Netflix’s business today is just the latest chapter in the short history of a company that has reinvented itself at least three times in 20 years. From its humble origins shipping DVDs by mail, it became the dominant platform for streaming movies, only to evolve further to challenge the most successful studios in the entertainment business with its original content. While each chapter seems to [...]

1 03, 2018

Thomas Kwasniok: Accelerating Digitalization in Chemicals

By | March 1st, 2018|Digital Transformation, Video|0 Comments

As chemical companies look to gain a competitive edge from digital technology, executives can become overwhelmed by the vast array of options. Thomas Kwasniok, partner in Bain's Chemicals practice, discusses three things chemical executives can do to prepare their companies for digital opportunities. Related: Accelerating Digitalization in Chemicals—Five Questions for CEOs

27 02, 2018

Organizing for a Digital World

By | February 27th, 2018|Agile & Innovative Organization, Digital Transformation|0 Comments

Virtually all large companies, even those in old-line industries such as machinery and agriculture, have gone digital to some extent. But at many companies the efforts are falling far short of their potential. At one Asia-based conglomerate, for instance, digital initiatives have been popping up everywhere, and business units compete for the same digital talent. The company set up a digital incubator off to the side, but it has failed to spark interest with the mainstream divisions, and so creates great proofs of concept that never get embraced at large scale. As digital continues to upend most business operations and markets, traditional organizations like this conglomerate struggle to cope with the pace of change. Breathless headlines and countless TED Talks suggest that executives should be [...]

13 02, 2018

How to Build a Digital Strategy

By | February 13th, 2018|Blog, Digital Transformation|0 Comments

By Jamie Ferguson and Nate Anderson This article originally appeared on the World Economic Forum Global Agenda. "Digital will be like air." This statement came from one executive at a recent workshop on digital strategy organized by the World Economic Forum, but it could have been said by almost anyone there that day. In November, approximately 20 global executives from across industries met in London to discuss how to become a digital enterprise, as well as the challenges faced and lessons learned along the way. The group agreed that Step 1 on that journey is establishing a digital strategy. This requires understanding your point of departure, the direction your industry is headed in and the role your company should play in that digital future, and [...]

6 02, 2018

A Step-by-Step Guide to Digital Transformation

By | February 6th, 2018|Blog, Digital Transformation|0 Comments

By Åshild Hanne Larsen, Ouriel Lancry and Mehran Gul This article originally appeared on the World Economic Forum Global Agenda. Transforming a company into a digital enterprise is tough. Many companies have had some success, but few have completed this metamorphosis. No comprehensive playbook, or even checklist, exists for executives to follow. A prudent first step is to learn from others—both inside and outside our industries. This brought us in late November to a meeting of more than 20 executives from a range of industries from across the world, hosted by the World Economic Forum. Our ambition: to explore the challenges raised by digital transformation, design answers, and create practical tools on how to transform a company with digital. We began to develop a list [...]

5 02, 2018

Digital Strategy for Utilities

By | February 5th, 2018|Digital Transformation|0 Comments

At a recent meeting that brought together utilities executives from around the world with Silicon Valley energy innovators, attendees were discussing, among other topics, the state of energy storage. One utility executive asked the Silicon Valley hosts when they expected to see utility-scale storage deployed broadly. “Oh, not for a long time,” one of the new energy executives replied, “maybe 2019.” For the stunned utility executives, most of whom think of a “long time” as decades, the remark was a wake-up call to the pace at which new ideas and technologies are disrupting their industry. Today, most of the electricity sector lags behind the progress that other sectors have made in digitalization, customer engagement and the everyday use of advanced analytics to generate value from [...]

1 02, 2018

Davos 2018: The Impact of Digital

By | February 1st, 2018|Digital Transformation, Video|0 Comments

Torsten Lichtenau, a partner with Bain's Digital practice, shares the broad benefits of digital technologies discussed at the World Economic Forum's annual meeting and weighs the effect the ongoing global digital transformation is having on jobs.

31 01, 2018

Davos 2018: Transforming the Digital Enterprise

By | January 31st, 2018|Digital Transformation, Video|0 Comments

Why do digital transformations exceed expectations at a lower rate than broad-based transformations? Manny Maceda, who leads Bain's Global Transformation practice, hosted a panel at this year's World Economic Forum. He shares insights and perspectives from a chairman, a chief executive officer and a chief digital officer on what makes a successful digital transformation. Related: A Step-by-Step Guide to Digital Transformation

10 01, 2018

Peter Guarraia: Accelerating Digital in Chemicals

By | January 10th, 2018|Digital Transformation, Video|0 Comments

As new digital technologies make it possible for newcomers and first movers to become leaders, the rules of who makes money in chemicals are being rewritten. Peter Guarraia, a partner with Bain's Chemicals practice, outlines three things chemical company executives need to consider when rethinking their business models to take advantage of digital innovations. Read the Bain Brief: Accelerating Digitalization in Chemicals—Five Questions for CEOs