The reward for enterprises that embrace digital transformation is higher than ever before. Constellation Research found that in digitally transformed industries, leading companies are taking 70 percent of the revenue and over 77 percent of profit. The companies leading the charge are new businesses and startups bringing fresh ideas and digital fluency to their organization. Businesses that fail to adopt continue to lose out to their more agile competitors.
Holger Mueller, VP and principal analyst at Constellation Research, identifies enterprise acceleration—or increasing the speed at which enterprises modernize—as one strategy to help legacy businesses catch up to their competition. To do so, enterprises must create an environment in which their people are continually improving and touching up their skills .
In this video, Mueller explains that to be successful, enterprise leaders must encourage employees to share their skills across the company in an effort to increase the rate at which information is shared and employees adopt new skills.
Photo: Creative Commons
Want to keep learning? Explore our products, customer stories, and the latest industry insights.
Introducing an exclusive partnership with WaitWhat's Masters of Scale for an entirely new learning experience
You asked for popular podcast modalities and we delivered through a partnership with WaitWhat’s Masters of Scale. Check out lessons about building teams, developing products and scaling companies from the world's top leaders, now available in multiple Cornerstone Content Anytime subscriptions.
Payback Time: The Top 10 Most Lucrative College Degrees
It's back to business at colleges across the country — but not for the nation's most recent graduates. More than 40 percent of them are unemployed and many are loaded with student debt. Small wonder, then, that some question whether a college education is really worth the time and money.
A Job Title Just for You: The Rise of the Custom Position
With the unemployment rate hitting the lowest level since 2008, even the happiest employees are deciding to investigate their career options. Three in 10 employees regularly search for new job opportunities even though they are currently employed, according to CareerBuilder.com.