There are several companies that have used a spate of technologies and data to positively transform themselves. One of the elements that companies are using is an increased focus on digital speed. Another is that the companies must be ready to reinvent. In this way, they will be able to tap in to business innovations. Once they take decisions, there needs to be an “all in” culture, which implies that the whole team needs to be geared up towards the final corporate strategy outlined. Decision need to be driven by the use of hard- core quantifiable metrics. While being customer- centric is now commonplace, companies need to also work towards having customer followers. The latter are brand evangelists, who will organically promote the name due to their utmost loyalty to the brand.

Source:https://www.mckinsey.com/business-functions/mckinsey-digital/our-insights/how-six-companies-are-using-technology-and-data-to-transform-themselves

Uploaded Date:29 September 2020

There are several new digital trends that are gaining traction right now in the world of business. One such new trend is having broader and better virtual connections. Another is the development of smarter ways to assess and then even address risks, making use of business analytics. E- commerce rises on and on. There are also more effective methods of outbreak tracking being facilitated especially with huge treasure troves of data warehousing being done. Customer experiences have also picked up as a response. Marketers too have adopted certain apps seamlessly in to their businesses. AI models were not always renowned for their ethical approach. But now this too is evolving, with growing appetite for the technology.

Source:https://www.mckinsey.com/about-us/new-at-mckinsey-blog/six-colleagues-on-the-digital-trend-that-excites-them-most

Uploaded Date:29 September 2020

Australia is one country, like most others on the planet, that hasn’t been spared from the corona virus pandemic. While offline businesses are struggling or even closing down, digital ones are actually on the rise. Some activities have seen a massive spurt. As per business intelligence supplied by McKinsey, watching movies and web shows have witnessed an increase. The use of instant chatting apps has remained the same. That is also true for viewing of online video and news content, watching TV, personal reading and the use of social media. The last brings much hope to digital marketing professionals. There is a consistent high intent among Australians to continue devouring digital content. This is true across all the age groups, as the McKinsey survey shows us. Big investments are planned for the digital space. To emerge stronger, international and even local retailers are ramping up their first- mile connectivity. Delivery innovation and crowd- sourcing is also being noticed.

Source:https://www.mckinsey.com/industries/retail/our-insights/as-physical-doors-close-new-digital-doors-swing-open

Uploaded Date:09 June 2020

Germany tech and construction giant Siemens’s Healthineers has stepped in at the right time to aid health care experts in their decision making process. Normally, the process consumes long, gruelling hours, plus the handling of several bureaucratic hurdles. The increased use of Clinical Decision Support (CDS) tools is being pioneered by the Centers for Medicare and Medicaid Services (CMS) in the USA. Thus, for caregivers and patients alike, this business innovation has arrived at exactly the right time. The application AI Pathway Companion is another major asset for the healthcare sector, already under a lot of strain. This app has been designed to help for oncology and prostrate treatment.

Source:https://hbr.org/sponsored/2020/02/how-siemens-healthineers-is-using-new-technologies-to-help-health-care-providers-make-better-informed-decisions

Uploaded Date :25 May 2020