How Innovative Companies Leverage Tech To Outperform Rivals π
π Innovation is no longer an option - it's a necessity. A strong culture for innovation can drastically increase the return on investment from new tech discoveries and implementations. A recent McKinsey Global Survey emphasizes this loud and clear.
π‘ Their findings? Companies with innovation at the heart of their ethos are garnering twice the value from their digital transformations compared to those lacking this forward-thinking culture. As someone who's been advocating this approach for years, it's affirming to see the data support this.
𧩠The key to unlocking this value isn't just about investing in the latest technology, but also in reshaping an organization's operating model. This combination of fresh tech and integrated processes helps organizations respond faster to effectively meet the market's changing demands.
π I firmly believe that emerging technologies like Web3, AI, and the Metaverse will be at the center of business transformations in the next few years. Now is the time for companies to equip themselves with these futuristic tools and stratagems. It's not just for survivalβit's also about striving for outperformance.
π€ Creating an environment where experimentation is rewarded, and failure is seen as a step towards success can help in driving this tech innovation. Encouraging a values-driven approach can foster authenticity and collaboration that can bridge the techβhuman divide.
π Each day, I work alongside remarkable leaders, guiding them through their digital transformation journeys with innovative solutions. The future is technology; letβs embrace it.
#InnovativeCulture #DigitalTransformation #Insights
Read the article: https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/how-innovative-companies-leverage-tech-to-outperform
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