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Building Your Digital Dream Team

Posted by Anna Mielczarek on 01-Nov-2018 07:30:00

Digital Transformation has become a buzzword lately. A lot has been said about the positive impact of digital changes on firms. And no one is surprised that Digital Transformation is the key to the great success and longevity for many businesses. In our previous articles, we addressed some of the crucial aspects of implementing a successful Digital Transformation, ranging from key success factors and success stories, common mistakes to avoid, to how Digital Transformation is impacting different industries such as finance or retail.

Do you remember our 4 Steps to Digital Transformation? You need to empower your people! But what kind of people? In order to successfully implement Digital Transformation, you need to build a team that is going to support you all the way there.

In this article, you will find out how to build your Digital Dream Team, because the right team will have as much impact on your success as any of the other elements.

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Topics: Digital Transformation, Challenges, Leadership, People, Success

Going Digital Creates New Risks in The Financial Sector

Posted by Anna Mielczarek on 30-Oct-2018 07:30:00

The massive global movement of companies going digital is continually forcing essential changes in what new products and services are created, and how they are delivered to financial services customers.  The position of well-established, traditional banks is changing dramatically due to the emergence of new start-ups companies, and new business and operating models they use and promote.

In its recent paper ‘Moving from analog to digital: a new paradigm for risk management.’ EY states that industry transformation is afoot on an unprecedented scale.

Demographic change; radical new technologies and data usage; a changing regulatory paradigm; and a fast-changing and ever-more-complex ecosystem of competitors, partners and vendors are all listed as key trends that are supporting Digital Transformation. And although, they do force the necessary changes and provide firms with new opportunities, there are also associated with an uncertainty.

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Topics: Digital Transformation, Emerging Technology, Challenges, Finance, Risk Management

Digital Transformation of IKEA: Innovation Lab, Smart Home Products and Self-driving Cars

Posted by Anna Mielczarek on 25-Oct-2018 07:30:00

Digital Transformation is everywhere. Every industry and every business will need to, sooner or later, transform itself digitally. And IKEA is no exception. You might think that a major retail brand like IKEA won’t have to worry about it, but the truth is that in order to stay relevant in the industry IKEA must implement some pretty big changes to its operating model.

‘When you look at the changes Swedish furniture giant IKEA is implementing in its operations, it’s clear that they aren’t satisfied with the status quo,’ writes Bernard Marr in his case study of IKEA’s Digital Transformation.

So, what are some of the savvy moves IKEA has been taking to transform itself digitally, and do they mean that Swedish retail giant is slowly becoming a tech company like stated by Marr?

Let’s find out!

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Topics: Digital Transformation, Emerging Technology, Emerging Trends, Success, retail, General Tech News

Are Banks Still Not Ready for Digital Transformation?

Posted by Anna Mielczarek on 23-Oct-2018 07:30:00

Digital Transformation can be a real challenge for the financial sector. In the past few years a great majority of well-established, traditional banks have tried to become more digital in order to address the emergence of new challenger banks that have been slowly taking away their customers. But unfortunately, many projects end in failure as financial institutions have a hard time getting real results. Most banks are focusing on polishing the front end so much that they almost seem to forget that it must be supported by back end as well. And this approach results in crushing systems which leave customers unable to log into their bank accounts.

So, what are some of the examples of banks not being fully prepared for digital changes they have implemented?

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Topics: Digital Transformation, Emerging Technology, Finance, Challenges

Artificial Intelligence in the Banking Sector

Posted by Anna Mielczarek on 18-Oct-2018 07:30:00

The pace at which companies are investing in artificial intelligence (AI) continues to gain momentum and the financial sector is no exception. In fact, according to Business Insider report ‘AI is one of the most commonly referenced terms by financial institutions (FIs) and payments firms when describing their vision for the future banking sector as it can be applied to almost every area of financial services.’

But that’s not all! As stated by global management consultancy Accenture, banks that invest in AI and human-machine collaboration tools could boost their revenue by over a third (34%) by 2022.

Moreover, AI is considered one of the most important disruptive technologies for today’s banks, as a recent PwC survey revealed that 72% of senior management see AI and machine learning (ML) as key sources of competitive advantage. The same survey also highlighted that 52% of firms in the financial services sector are already making substantial commitments to AI, with 66% projecting significant investments by 2020.

So, it seems that these numbers speak for themselves – when it comes to financial services AI is a must!

But how exactly AI can help banks improve their operations and bring them closer to their customers?

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Topics: Digital Transformation, Emerging Technology, artificial intelligence, Finance, AI

How Digital Transformation Can Help You Improve Customer Engagement

Posted by Anna Mielczarek on 16-Oct-2018 07:30:00

Over the past several years, a great majority of organisations have been focusing their efforts on deploying Digital Transformation into their businesses. Nowadays, there is a growing need for digital innovation that can bring a company closer to becoming a digital enterprise. And only new technologies have the power to enable companies to create more agile environment, become more flexible, scalable, while also delivering a seamless and consistent customer experience across channels.  

But while Digital Transformation can indeed help businesses achieve all that, for many, it may seem that this movement towards world run by technology and automation would make brands more distant from the consumers, instead of connecting with them more personally.

However, it is not true, and in fact, if implemented successfully, Digital Transformation is more than likely to help companies improve customer engagement.

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Topics: Digital Transformation, Emerging Trends, retail, Emerging Technology, General Tech News, Engagement

B60 Blog in Swedish: (Digital) Förändring vs Innovation: Vad är bäst?

Posted by Anna Mielczarek on 11-Oct-2018 10:31:14

Orden Innovation och Förändring används ofta på ett sådant sätt att man enkelt kan byta ut dem mot varandra. Ibland används båda orden till och med i samma mening. Det är kanske inte så förvånande att båda orden väcker tankar på modernisering och omorganisation, och att båda är viktiga resultat av förändrade ledarstilar.

Bortsett från detta, vad har de mer gemensamt? Eller vad är skillnaden? Vad ska vi göra – vara innovativa eller kanske förändras? Vad sägs om både ock?

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Topics: Digital Transformation, B60 Blog in Swedish, Success, Change and Innovation

B60 Blog in Swedish: Digital Förändring - 5 Misstag du bör undvika till varje pris

Posted by Anna Mielczarek on 11-Oct-2018 10:21:15

Digital förändring är för många företag fortfarande ett relativt nytt begrepp – det kan ge en rad fördelar till företaget om den implementeras på rätt sätt.

Bara en handfull företag kommer förmodligen lyckas i sin strävan efter att förändra sin organisation. För andra kommer Digital Förändring även fortsättningsvis att vara en utmaning eftersom de ständigt fortsätter göra samma misstag vilket leder till att den digitala resan misslyckas.

Det är väl inte nödvändigt att påpeka att när digital förändring görs på fel sätt kan både företagets operationer och strategier komma i oordning, vilket i sin tur leder till stor tveksamhet hos dina anställda och minskad lust att prova på saken igen.

Här följer 5 vanliga misstag du bör undvika om du vill att ditt företag ska hantera och implementera den digitala förändringen på ett effektivt sätt.

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Topics: Digital Transformation, B60 Blog in Swedish, Common Mistakes, Challenges, People

B60 Blog in Swedish: 3 Vägar till en förändrad bank

Posted by Anna Mielczarek on 11-Oct-2018 10:13:11

Att ta beslutet om utveckling av Digital anpassning av företaget är bara det första steget på resan, och i många fall även det enklaste. Efter detta måste du ta beslutet om hur du ska förändra din organisation. Vilken väg som är bäst blir i många fall grunden till segdragna diskussioner inom företaget. Ska du göra om företaget i grunden och skapa en helt digital organisation? Eller borde du fokusera på förändringar utåt som är mer synliga för dina kunder?

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Topics: Digital Transformation, B60 Blog in Swedish, Finance, Success, Change and Innovation

B60 Blog in Swedish: 4 Anledningar till varför samarbete kan hjälpa dig att driva igenom digital anpassning

Posted by Anna Mielczarek on 11-Oct-2018 09:57:11

Många kanske inte inser det, men samarbete är en av grundstenarna till din verksamhet. Det kan vara nyckeln till framgång, ett sätt att boosta innovation och produktivitet, förbättra ditt anseende hos kunderna och i vissa fall till och med öka potentialen för investeringar.

Vid samverkan med andra kommer hela organisationen att dra nytta av det. Vi pratar om ökat engagemang hos anställda, hur vi kan behålla och locka till oss talanger, öka tillväxt och lönsamhet!

Men förutom detta är en kultur präglad av samverkan nödvändig för organisationens överlevnad.

Utvecklingen inom mobil- och digital teknik driver fram en rad nya företag intresserade av fördelarna med digital anpassning. I samband med detta glömmer många bort andra möjligheter som kunde ge lönsamhet om barriärerna för samarbete med andra brutits ner.

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Topics: Digital Transformation, Collaboration, Leadership, Corporate Culture, B60 Blog in Swedish