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The Case For A Digital Maturity Assessment

The Case For A Digital Maturity Assessment

May 29, 2018
For some companies, the digital transformation journey has only begun, while others have been working to go digital for years. In fact, because digital transformation can be a long process without a clear end in sight, it helps to think of the process as less of a one-time transformation and more of a continuous digital maturation. Whether a business is assessing its own maturity or consultants are incorporating assessments into their suite of services, it’s critical to run regular a digital maturity assessment to pinpoint where a company is in the digital transformation journey. Increasingly, it’s consultants that are driving the assessment process as businesses fill gaps in their analytics capabilities with outside expertise. Regardless, it is clear there is a significant appetite for data to inform digital maturity and the digital journey.   Here are six specific reasons why companies on the road to digital transformation and their [...]
5 Ways To Improve Change Management Models

5 Ways To Improve Change Management Models

April 11, 2018
Digital transformation requires not just the adoption of digital tools, but a complete change of mindset throughout the organization. Employees need to approach problems differently, communicate and collaborate differently, and measure success differently. Ultimately, an organization’s operations, revenue model, and organizational structure will change. And to add to the complexity, digital transformation will look different for every organization. Consequently, change management models are becoming an increasingly popular tool. They can help navigate and indeed drive the success of digital transformation projects. Change management efforts are some of the most complicated projects to deploy. So much of the success of the project is based on a series of seemingly intangible drivers. The Harvard Business Review has diagnosed this as a lack of data because most change efforts are more of an art than science. The second issue directly related to the lack of data is weariness to change. Without a [...]
Recruiting Consultants, Why It’s A Whole New Game

Recruiting Consultants, Why It’s A Whole New Game

January 5, 2018
Acquiring top talent is critical for the consulting industry. In fact, the traditional consulting business model relies on firms being able to market themselves as warehouses of top talent. As firms become more digital, putting thought into recruiting consultants is only becoming more essential. The jobs that businesses consider critical are starting to change. Data mining, for example, is becoming more important in virtually every industry, and consulting is no exception. In order to build the workforces they need for the future, therefore, firms cannot afford to wait. They need to quickly fill the talent gaps they identify based on the change that digitization brings. The Rise of Millennials The millennial generation (those born between circa. 1981-1996) is entering the workforce in rising numbers. In 2015, millennials surpassed Generation X as the most represented generation in the workforce, and by 2020 they are predicted to be nearly half. It [...]
Consulting Skills In The Digital Economy

Consulting Skills In The Digital Economy

January 3, 2018
Cultural integration is key to digital transformation efforts. Lack of cultural integration is a pervasive issue for consulting firms on the digital transformation journey. A 2017 study by Prophet consulting found that cultural barriers were one of the top three challenges for digital transformation initiatives. In our own study, Digital Transformation in the Consulting Industry, 65% of respondents noted that digital capabilities are only somewhat or not at all ingrained in their company cultures. Are consulting skills and firm cultures keeping pace with the digital economy?  Consulting Skills and Digital Transformation Changes Building the right workforce is key for any company trying to stay ahead of the curve. This does not mean hiring replacements for all current employees, but rather identifying gaps where new positions are needed, acquiring new talent or hiring internally to fill those gaps, and ensuring that current employees receive the necessary training. Interestingly, we found [...]
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