Think Digital. Think Platform. Do Platformation
How to build futureready platforms for digital transformation with speed and at scale
The set of ‘ born digital’ companies such as Uber, Amazon, AirBnB, Alibaba have provided lessons in digital disruption to the rest of the world. We live in the digital world where market disrupters are developing platforms that facilitate exchange between the customers and makers, partners or even peers, reshaping industries into interconnected ecosystems.
Digital disruption makes scale inconsequential, it turns assets into liabilities or at best makes them irrelevant, it turns customer loyals into infidels, it upturns every value equation on its head. These are truths that we have seen play out in the last few years.
THE COMPLEXITIES OF DIGITAL TRANSFORMATION
Digital transformation is a complex process; it is an urgent and inescapable journey but without a clear roadmap or definite destination.
But a recent Tech Pro Research survey reveals that only 20% of survey respondents said they have a formal digital transformation plan in place, another 60% said they were actively developing one. This means that a majority of organizations are still grappling with their digital transformation roadmap.
With the escalating pressure to adopt digital strategies comes the need to develop a thorough understanding of what the transformation entails, along with its benefits, pitfalls, and how well it’s succeeding (or not) for other organizations and industries.
Despite the money spent and resources allocated toward digital transformation, most efforts are