Popular Digital Transformation Frameworks Training Ppt

Slide 1

This slide showcases the McKinsey’s Digital Transformation Framework. It highlights that McKinsey created the 4Ds Digital Transformation framework i.e. discover, design, deliver, and de-risk. This framework prioritizes customer experience, which is unquestionably the way to go for a digital-first company.

Slide 2

This slide depicts the MIT Digital Transformation Framework. It highlights the five building blocks of Digital Transformation such as operational backbone, shared customer insights, digital platform, accountability framework, and external developer platform.

Slide 3

This slide illustrates the AIMultiple Digital Transformation Framework. The framework consists of the following parameters: Identify digital transformation objectives, Formulate a digital transformation strategy, Establish competent technology leadership, etc.

Instructor’s Notes: AIMultiple Digital Transformation Framework

• Identify digital transformation objectives: The primary goals of digital transformation projects are to improve customer experience and profitability, either through enhanced pricing or operational efficiency. Different digital transformation objectives can be set or prioritized by an organization based on its industry, size, market share, etc
• Formulate a digital transformation strategy: After deciding on your digital transformation objectives, it's time to map out a strategy to achieve them. Digital transformation projects should aim for end-to-end transformation. There are three paths a company can choose to achieve digital transformation:
  • Path 1: Create and integrate digital operations. Then, based on the new processes, improve the customer value proposition
  • Path 2: Enhance the customer value proposition through digital content, insight, and engagement. Then, concentrate on integrating digital operations
  • Path 3: Create a new set of capabilities based on the reimagined customer value proposition and operational model
• Decide on the necessary technologies: After deciding on a digital transformation strategy, an organization must determine which technologies will enable it to achieve its goals. The objectives of an organization influences technology selection. The following are some specific technologies that a company can use based on the strategic path they choose: RPA, digital twins, IoT, smart contracts, process mining, task mining, analytics, etc
• Establish a competent technology leadership: Even though 87 percent of businesses believe that going digital will disrupt their industry, they also admit that they lack the necessary leadership. Success in going digital transformation is dependent on both leadership and technological capabilities. Transformational leadership facilitates the adoption of digital culture
• Train employees and instil a digital culture across the organization: Digital culture is a work environment where every employee can communicate and discuss innovation with leaders. The leadership team encourages employees to take risks, and learn from failures. Experimentation, collaboration, employee involvement, and training are aspects of digital culture. While establishing a digital culture is complex and requires internal leadership, training is relatively simple, and businesses have access to partners and tools to help them

Slide 4

This slide depicts Cognizant’s Digital Transformation Framework. The components of the framework are digitizing customer experience, digitizing products & services, digitizing operations, and digitizing organization.

Instructor’s Notes: Cognizant’s Digital Transformation Framework

• Digitizing Customer Experience: Companies collect customer data and provide personalized products to individuals to maximize customer satisfaction and lifetime revenue. Customers expect to get in touch with the company via all available channels 24 hours a day, seven days a week; Omni channel interaction and services are critical for successful digital transformation
• Digitizing Products & Services: Companies must focus on selling a journey to customers rather than a product. This is only possible if businesses embed a digital tag to analyze customer behavior and interact with customers
• Digitizing Operations: Organizations become more cost-effective and agile by automating operational processes. Agility is an essential characteristic for a firm. Staying competitive requires organizations to act faster than before. 
• Digitizing Organization: Companies must develop a new organizational model that incorporates both humans and machines. Rather than operating processes, the labor force should be transferred to operations that involve designing, auditing, and innovating. Organizations need to foster innovation. This helps it take to new technologies that assist employees. Such technologies then enables employees to adopt to the digital world. The staff also gain the skills and the knowledge needed to transform

Slide 5

This slide illustrates the Gartner Digital Transformation Framework. The framework's steps are developing the right mindset and shared understanding. It also means having the right leaders in place, launching a digital business center of excellence, creating a digital strategy to address opportunities and threats, etc.