A digital transformation success story from chemical industry giant Henkel, a DAX 30 company well known for brands such as Persil and Fa.
“Giant corporations and centuries-old corporations of the classical economy are following the changes in material while keeping pace with the digital transformation. On its 142th anniversary, Henkel developed innovative products to take its share of the digital transformation. The road map for this transformation was shared with journalists and analysts in a recent event in Germany.”
This article provides insights about Digital Transformation initiatives in the Oil and Gas sector. Links to Accenture and McKinsey reports. Companies mentioned in the article; BP, TransCanada, DCP Midstream, etc.
“While the oil and gas industry, especially the upstream business, has embraced sophisticated analytics to reduce risk from the exploration and production of oil and gas, the sector has been relatively slow to implement digital technologies. In that regard, it is similar to the broader process industries and industrial manufacturing sectors, which ranked at the bottom of PwC’s Strategy & Global Digital Operations Study in 2018. Johnson, citing McKinsey data in his keynote, stated the oil and gas sector at large trailed almost every other industry in terms of innovation and technology.”
Why is public sector lagging behind in Digital Transformation efforts and what can be done about it? Check for answers in this recommended read.
“How feasible is digital transformation for the public sector? Nearly all industries are in the midst of digital transformation. Whether it’s online shopping, customer service chatbots or increasingly sophisticated AI experiences, the competition is fierce and it’s “do or die” for businesses who are trying to best engage digitally savvy consumers.”