Digital @ Scale

A blueprint for reinventing the core of your business Value in the next phase of the digital era will go to those companies that don't just try digital but also scale it. Digital@Scale examines what it takes for companies to break through the gravitational pull of their legacy organizations and capture the full value of digital. Digging into more than fifty detailed case studies and years of McKinsey experience and data, the authors, along with a group of expert contributors, show how companies can move beyond incremental change to transform the business where the greatest value is generated-at its core. The authors provide practical insights into the three pillars of digital transformations that successfully scale: reinventing the business model, building out a business architecture from the customer back into the organization, and establishing an 'amoeba' IT and organizational foundation that learns and evolves. This is the ideal guide for all leaders who recognize the power and promise of a digital transformation.

4.3 Who Still Needs Banks? Fintechs Threaten the Established Business Model.

Digital @ Scale; Contents; Preamble: Thinking Digital; 1 Digital Is Changing Our World, Quickly and Irreversibly; 1.1 What Is a Digital Transformation?; Digital Players Conquer and Disrupt All Industries; Digitization Is Relevant for All Industries-Only Scale and Speed Will Vary; New Business Models Follow a Classic Pattern; Consumer Behavior Has Dramatically Changed in Recent Years; 1.2 Established Market Definitions Don't Apply Anymore; Innovations Arise at Industry Boundaries; Blurring Boundaries between B2B and B2C: B2B Becomes B2B2C; Managing Channel Conflicts.

Software and Analytics Competencies Becoming Increasingly ImportantThe Battle for Digital Talent; 1.3 The Pace of Change Is Increasing Exponentially; Progress and Moore's Law; 1.4 Those Who Turn a Blind Eye to Digital Risk Failure and Extinction; 2 Digitization Requires Fundamental Renewal: Digital@Scale; 2.1 Why? Things Are Going Well, So Why Do We Need to Change?; Creating a Sense of Urgency: The Key Challenge; Determining the Nature of the Change Requirements; Identifying Barriers to Change Early; Identifying Relevant Assets and Setting the Aspiration Level.

2.2 What? What Does Digitization Mean for My Company, an…