The digital transformation & your corporate strategy
Changes in the workforce coupled with changes in computing resources have given way to a Digital Transformation. According to research by McKinsey & Company, change today is happening 10 times faster and at 300 times the scale of the First Industrial Revolution. The change is so momentous that it is referred to as the Fourth Industrial Revolution. And the clear consensus is that the pace of change is only going to quicken. This creates an overwhelming imperative for businesses to respond—and respond rapidly.
This explains why, by the end of this year, two-thirds CEOs will have placed digital transformation at the heart of their corporate strategy. They recognize that digital transformation offers unprecedented opportunities to reinvent and reimagine their products, services, infrastructure, and operating models in ways that have the clear potential to drive growth and create competitive advantage.
In light of the digital transformation, it should come as no surprise that most companies have been increasing their workplace investments in recent years, and even more plan to increase spending in the near future. In fact, 81% of business leaders plan to increase their modern workplace investments in the next 2 years.
Are you embracing the new culture of work?
The case is clear: modern workplace strategies, technologies, and processes are no longer simply “nice to have in the digital environment”. Companies must recognize that workplace modernization drives high-level strategic priorities such as improving customer experience, revenues, data-driven decision making, and innovation. The time has come for all organizations to envision and embrace a new culture of work.
Nurturing this new culture of work inside your organization requires a combination of cultural change, the right technology, and thoughtful workplace design. You will need to make available purpose-built tools to unlock creativity and innovation in your workforce, enable and accelerate teamwork, democratize data and analytics for constant improvement and address robust security and compliance requirements