Digital Transformation2019-11-10T21:16:19-06:00

Few topics garner as much business strategy press these days as “Digital Transformation”, from media outlets such as CNBC and the Wall Street Journal to management consultants like McKinsey and Bain.

What is Digital Transformation?

It means somewhat different things to different industries and business strategies, but generally Digital Transformation in business is the transition from traditional physical assets, logistics and customer interactions to “digital” (technology-based) assets, delivery mechanisms and customer interactions.

It involves a complete rethinking of a company’s supply chain, value chain, product/service delivery process, and business model.

Who does Digital Transformation?

Because there are limited experts with experience in the newest most disruptive technologies frequently leveraged for Digital Transformation, (Artificial Intelligence, Advanced GIS Mapping, Robotic Process Automation, Augmented Reality, Virtual Reality, the Internet of Things, etc.) most companies utilize outside consultants to aid them in setting the strategy for Digital Transformation.

Innovation Vista’s Digital Transformation Services

Because we recruit experienced C-level IT executives as lead consultants, our team brings expertise and proven track records to these engagements.  Our experts are comparable to anyone at the senior partner level at Deloitte, PwC, Accenture, E&Y, McKinsey, BCG or Bain, but we have four significant advantages these competitors cannot match:

  • Our lead consultants remain fully engaged throughout the term of our consulting projects.  When you engage one of the “Big 4” accounting firms or “Big 3” strategy firms, you may never again see the senior partner from the day the contract is signed…
  • We keep this level of engagement throughout project teams.  We utilize only skilled staff with actual real-world experience to execute projects.  Our larger competitors recruit heavily from universities and have first year associates out billing clients within a month.
  • Our bill-rates are significantly lower across the board for all seniority levels and skill-sets, as we don’t have to carry the overhead of those larger firms.  (We don’t sponsor pro golfers or tennis championships, etc…)
  • We target our services at midsize companies.  If you’re a company of this size (< $5B in annual sales), good luck getting engagement or quality staff assigned from one of the Big 4 or Big 3.

We would love to talk with you further about our services.  Please contact us to setup an initial conversation to explore how our expertise can guide and empower your company’s Digital Transformation…!

Contact Us

Below see some of our recent Thought Leadership on Digital Transformation:

Innovation – The Great Equalizer

For small and midsize companies competing against large competitors, it can often feel like they are set up to fail. The competitors may have stronger purchasing power, economies of scale, and lower cost of capital, making it hard for the smaller companies to gain any sort of an edge. But the innovation of new technologies is giving many companies hope that they can indeed compete with large competitors several times their size. Innovation is the key to balancing the scale of power. Despite their significant advantages in economies of scale, larger companies also have a liability which can become significant in the emerging Digital Age. Because of their size, large companies have many more layers of bureaucracy and formality. Each of those layers in a larger organization is a delay in decision-making and innovation, particularly when the changes being contemplated are significant and impact a company's business model, pricing, supply [...]

October 26th, 2019|

Transformation Needs the Top, Even if it Doesn’t Start There

No matter where the vision for innovation comes from, the board and CEO must support and evangelize transformation for it to succeed. If the board and CEO don't fully grasp why the transformation is needed, or how it should be achieved, it can bring about more harm than good. They would be better of pausing or canceling the project until everyone can get on the same wavelength. The worst whiplash an organization can receive is a "transformation" project being pushed by IT which doesn't have the support of top leadership. Why? Because the rest of the company will take their lead on how to respond—how seriously to take the change—from their top leadership. If they see shoulder shrugs, they may shrug too and won’t be fully committed to getting on board. Just as importantly, the support from top leadership will deeply impact the behavior of those pushing the change—in IT [...]

October 11th, 2019|

Step 1 to Swimming in the Digital Pool – Get in the Water

Do you have a vision for the potential of technology to impact your company's future, but lack the details to make specific proposals? Part of leadership is seeing the need for change and taking steps to share and implement this vision with your team. The first step doesn’t have to be perfect or huge—you need not jump into the deep end of the pool right away, but it's critical at least to acknowledge that you need to learn how to swim. No matter how your organization uses data—processing, analyzing, or simply entering it and viewing it on a daily basis—there is a high likelihood that some kind of digital technology can take your efforts to the next level.  Initially, you may not have clarity on how automation, AI, or analytics will play a part, but neither is it a requirement for someone to know all the strokes before deciding they [...]

October 5th, 2019|