Industry Insights

News Roundup: Why Do So Few Old-Line Companies Have Platform Strategies?

By Ideas @ AppDirect / May 11, 2018

Digital Economy News Roundup 2

Here’s a selection of recent digital economy news from around the world that we’re talking about at AppDirect.

McKinsey Quarterly Five Fifty: Platform Plays

Digital McKinsey, May 2018

“Platforms are the favored operating model for seven of the world’s 12 largest corporations… Despite strong payoffs in revenue and profit growth, less than two percent of incumbent companies have adopted a winning platform strategy… Why have so few old-line companies followed suit?” Read more.

Notes from the Digital Transformation: Hannover Messe 2018

Travis M. Hessman, IndustryWeek, April 30, 2018

“[T]he data takeover of manufacturing is complete: The Industrial Internet of Things has swept over the ‘world's biggest industrial fair,’ transforming it into a massive, 20+ hall city-sized exploration of the power and potential of total connection.” Read more.

Why Well-Known Digital Transformation Plans Fail

Prasanna Kulkarni, ITProPortal, April 24, 2018

“Digital transformations are highly significant, affecting all aspects of a business and as implementation begins, businesses are progressively finding out about the challenges they have to face… We are seeing more and more high profile companies fail in digital conversion. In a world that is quickly transforming into the digital landscape, why are so many digital transformations failing?” Read more.

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