Digital Transformation: To Be Successful, Be Bold.

Investing in a digital transformation of your business will have an impact on revenues and profits. And, while the financial implications may signal the need for a cautious approach, a recent study suggests that the more aggressively companies respond to the digitization of their industries, the better the effect on their projected revenue and profit growth.

According to a report by McKinsey & Company, “Bold, tightly integrated digital strategies will be the biggest differentiator between companies that win and companies that don’t, and the biggest payouts will go to those that initiate digital disruptions. Fast-followers with operational excellence and superior organizational health won’t be far behind.”

So, what do those bold strategies entail? In a word, everything. It’s connecting people, systems, operations, suppliers, manufacturing, distribution, products and customers around data — a single source of truth that is open, flexible and accessible. While it may seem daunting, it is doable. The key is to partner with a strategic advisor with the technology and passion to guide digital transformation across every dimension of your business.

Boeing and Ericsson are two leading companies that are doing just that. Both have embarked on a bold journey to digital transformation by partnering with Dassault Systèmes and implementing the 3DEXPERIENCE platform.

Boeing is deepening its end-to-end digital collaboration, design, engineering, analysis, manufacturing planning and shop floor execution capabilities throughout the enterprise. Beyond the technology, Boeing understands the value of a partner with a shared vision. Ted Colbert, Boeing Chief Information Officer and Senior Vice President of Information Technology & Data Analytics noted that they looked for a partner who shared “a mutual desire to transform how Boeing connects, protects, explores and inspires the world.”

Ericsson is replacing its legacy backbone and connected IT applications, digitizing its innovation, business and operations processes. The digital transformation will go far beyond PLM, connecting Ericsson’s global product marketing, engineering, manufacturing, sales and services teams from the very early stage of ideation, to invent, design, engineer, deliver and operate complex and rich experiences made of hardware, software, content and services.

As McKinsey & Company notes, “digital winners exceed laggards in both the magnitude and scope of their digital investments” explaining further that “when companies respond to digitization assertively and across multiple dimensions, they improve their performance.” The McKinsey report is an insightful read – and a clear argument in favor of a bold strategy, and a strong strategic partner, to guide your digital transformation.

Read the McKinsey & Company report, and learn more about Dassault Systèmes customer experiences.

More information about our 3DEXPERIENCE platform.

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