Online Learning Update

December 30, 2017

The case for digital reinvention

Filed under: Online Learning News — Ray Schroeder @ 12:05 am

By Jacques Bughin, Laura LaBerge, and Anette Mellbye, McKinsey Quarterly
Digital technology, despite its seeming ubiquity, has only begun to penetrate industries. As it continues its advance, the implications for revenues, profits, and opportunities will be dramatic.  As digitization penetrates more fully, it will dampen revenue and profit growth for some, particularly the bottom quartile of companies, according to our research, while the top quartile captures disproportionate gains. 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. These findings emerged from a research effort to understand the nature, extent, and top-management implications of the progress of digitization.

https://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/the-case-for-digital-reinvention

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