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Editorial Rating

8

Qualities

  • Applicable

Recommendation

Digital start-ups have shaken up entire industries, challenging the dominance of long-standing companies. Survival of traditional companies depends on “agility” and how effectively they adapt to innovations like big-data analytics and crowdsourcing. This article by Ralf Dreischmeier, Karalee Close and Philippe Trichet of the Boston Consulting Group provides insightful information to companies that want to adopt a digital approach to business. Using real-world examples, the authors highlight five organizational areas where companies should boost digitalization. getAbstract recommends this report especially to senior managers.

Take-Aways

  • “Agility” needs to replace long-term planning to help companies become digital.
  • To avoid extinction, companies must attack their business models themselves by creating their own digital competitors.
  • Businesses take advantage of digital opportunities to create lean and flexible systems.

About the Authors

Ralf Dreischmeier is the global leader of the Boston Consulting Group (BCG) Technology Advantage practice. Karalee Close is the global topic leader for digital, big data and advanced analytics in BCG’s Health Care practice. Philippe Trichet is a BCG expert director, specializing in digital transformation.


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