Accenture, McKinsey & Company, Publicis Sapient and Cognizant are among the top consultancies for managing digital transformation projects, says Forrester. When embracing digital, a new business model often results. Employees globally: 60. Over the last four years, consulting firms have been rapidly launching new digital consulting divisions. Headquarters: Wiltshire. 15 top global digital transformation consultancies. For me, democratization is a key ingredient of digital transformation. Digital transformation is a business priority for most organisations in most sectors, especially the larger, more traditional companies, etched into history — just like Nestle, which has already begun it’s innovation crusade with the deployment of Workplace by Facebook, amongst other initiatives. An overview of the top 50 consulting firms for IT strategy and digital transformation (in alphabetical order): Accenture Founded: 1989. Headquartered in Lexington, MA, with offices in Singapore and Switzerland, Innosight is among the more established firms providing digital transformation consulting. While we also provide assistance to organizations looking to ignite the entrepreneurial spirit from within at Moves the Needle, these five innovation solution providers deserve a nod for their contribution to the industry. Keyrus specializes in all aspects of digital data transformation. But your processes, your infrastructure for dealing with that data has still not caught up,” says Seth. We looked at the best minds in the business, summarized their themes, and highlighted what we thought constituted the best. We’ll provide you our digital transformation framework along with five different digital transformation frameworks from different consulting firms such as Mckinsey, Accenture, Cognizant, BCG and Gartner to guide you to success. The company has come up with a peer-to-peer approach to assess what an IT organization is doing or where they are spending their money to be able of providing them with a series of recommendations on how to reorganize or implement different sourcing strategies. getty. As a service to my fellow change agents, I would like to offer the following rundown of organizations that are nonetheless leading the charge of digital transformation, heading into 2019 as top innovation management companies. No thanks I don't want to stay up to date. Technology is moving extremely fast and you don't want to miss anything, sign up to our newsletter and you will get all the latest tech news straight into your inbox! For our last two firms, digital transformation is a native proposition. The approach is rapid prototyping of new digital products. innovation crusade with the deployment of Workplace by Facebook, What is digital transformation in business: Everything you need to know, Overcoming the digital transformation challenge, Axulus solution accelerates IIoT innovation at scale, Three trends that will transform cloud computing in 2021, Simplicity is the key to smart neighbourhoods, How Apple’s pending search engine hints at a rise in enterprise search, Choosing the right ERP partner for your organisation. Citi, Walgreens, P&G and Aetna are among its growing list of clients. It answers our questions, satisfies our [...], 17 December 2020 / Making any prediction at the end of 2020 might seem like a risky business. How Far Along the Road to Innovation Is your Organization? “It’s like a value chain and each type is marking out of a certain space,” says Nitin Seth, CEO, Incedo (who recently contributed to our headline article for the month: What is digital transformation in business: Everything you need to know). Download “5 Ways to Spark Innovation Within Your Organization” for free now! The consulting world is undergoing a shift. Consulting Firm & Service Provider. McKinsey, Bain, and Boston Consulting have interesting things to say about digital transformation. Incedo and Wipro Digital, for example, are organisations that tend to operate at various intersections across the strategy and execution boxes. There are a number of other challenges as well. From its global database of leading consulting firms, the analysts uncovered that there are twelve names which stand out in digital HR transformation. The wealth management industry is … And I think that is a very big reason for failure of execution,” he continues. Leading consulting firms and publications have shed light on the topic of digital transformation. How can companies avoid being disrupted: they need to welcome and anticipate change, they must learn to become a disruptor, “For example, if you are a bank or a telecom company, the majority of your revenues currently come from your branch network,” explains Seth. Instead of analyzing the past to devise a strategy for the future, Innosight reverse-engineers success based on predictive market models. So, there are companies who are providing automation technology, such as UiPath (whose exponential growth we covered in this recent article: RPA market with UiPath in the cockpit is taking off like a rocket) or Automation Anywhere. Digital transformation consulting. This can mean cannibalisation of existing business models (think Hannibal Lecter, but less menacing). In September, it announced a strategic partnership with Inventium, a Melbourne-based consultancy with national consumer brands as clients. Innosight appears to be winning with its strategy. Top 5 Digital Transformation and Innovation Management Consulting Firms for 2019, Using Lean Innovation in the Product Development and Commercialization Process, 4 Resources for Growing and Transforming Your Enterprise, ignite the entrepreneurial spirit from within. Clayton M. Christensen, Innosight’s co-founder, even lays claim to the concept of “disruptive innovation,” as put forward in The Innovator’s Dilemma (Harvard Business Review Press, 1997). And, competitive start-us are probably doing that. Digital Transformation Defined. This risk of destroying (or consuming…gulp) existing business models is a very big fear that large companies have — these business models are what these organisations are based on, in some cases for a hundred plus years. If your organization is in the 56% of companies who have at least begun the process of transformation, there is hope for you yet. The Cost of HR Consultant Firms. Their approach flips the traditional consulting model. We enhance customer and user experiences with digital transformation. Digital Transformation is in our DNA — We build brands, create & reinvent business models, accelerate marketing, and help you disrupt your industry. In an era where digital is very important, and in which digital transformation consulting has become a $23 billion industry , organisations are embarking on large transitions to transform their HR functions, and they way they operate. That is why a market has emerged for digital transformation consulting. Growth OS™ is Bionic’s pilot program, running inside a corporation and guided by one of Bionic’s entrepreneurs-in-residence. Learn more about these emerging companies, how they fit into the broader partner ecosystem and how they help customers with their transformation strategies. Agility in Mind Founded: 2010. France, Switzerland, Belgium, United States. To achieve success, leveraging a digital transformation framework that assists your organization as a roadmap can help. Looking for new ways to spark innovation within your organization? Like one of the Big Three, there are no clients listed on its website and, though founded in 2013, it has branded itself as a trusted partner for established companies to remake themselves from within. Still, according to a recent Forrester survey of 1,600 decision-makers, digital transformation is in a “sorry” state, with 22% “not investigating or not transforming at all” and of the 56% who are transforming, their investment and scope are “still mostly small.”. Strategyzer, founded in 2010, is perhaps the most real-time of all the consultancies I’ve run across. Incedo and Wipro Digital, for example, are organisations that tend to operate at various intersections across the strategy and execution boxes. One of the key ones surrounds data — the secret source of how businesses succeed in really offering something unique and personalised to the consumer. Our Digital Transformation Strategy is drawn on a critical theme—optimizing legacy systems to scale fast with the new-age digital offerings and facilitate enterprises to reap the benefits of IT. development of a new mindset and alternative set of skills. The cost of hiring a consulting firm ranges from as little as $25 per hour to $199 per hour or more. In 2018, digital transformation brought AI into the mainstream, blockchain to the supply chain and the concept of “fast-failure” to the C-suite. Velocity of change represents another dilemma. Employees globally: 442,000. Headquartered in Lexington, MA, with offices in Singapore and Switzerland, Innosight is among the more established firms providing digital transformation consulting. So, take note: two main challenges that digital transformation consultants can help you overcome; • who owns and drives digital transformation, We believe every business needs to transform to an Agile Operating Model to sustain and grow in today’s dynamic economy. Headquarters: London. Do NOT follow this link or you will be banned from the site. From strategy development and building new cultures of innovation to cross … Based in NYC, this relative newcomer combines the discretion of a prestige consultancy with the high-touch engagement of a boutique. Digital transformation consulting (DTC) services are strategy and transformation consulting services supporting senior business stakeholders, such as CEOs, COOs, chief marketing officers (CMOs) and other business leaders. The only caveat is that as large traditional businesses that comprise the lion’s share of the $250 billion management consulting industry, they gather most of their revenue from accounting and legal services—two areas, which we all know, are also undergoing serious transformation. Finally, product and solution providers have emerged. The program “drives new growth mindsets, mechanics, methodologies and skills and provide tools to scale the capability throughout the organization.”. Digital Transformation and its impact on Business Accenture. Digital Transformation Consulting Firm. And is not above breathless self-endorsement. If you have a complex portfolio of global businesses that you want to transform, the Big Three are probably a good fit. Changing technologies, client expectations, competition and an evolving market environment have forced business process outsourcers to adapt. But, for most in this boat, greater strides need to be made. • and the fear of cannibalising (I am feeling eaten up by these cannibalising references – Ed) existing business models that embody an organisation’s history. The other big challenge centres around a failure of vision. Spreadsheets are great, we all love excel. Nonetheless, the company does seem to rest on solid fundamentals. Shifting focus to customer behavior and needs is how successful companies begin to navigate the uncertainty involved with innovation. Damo Consulting focuses exclusively on the healthcare market with a strong understanding of the provider and payer space. Click here to learn about our free innovation assessment and find out. Konrad has been around since 2007 and after starting out as an agency, has transformed itself into a global practice with Uber, Coca Cola, AmEx, Diageo and McDonald’s as clients. “But, once you start setting up a digital channel, there is a risk that as you push on the digital channel, you cannibalise the revenues from your branch network.”. Citi, Walgreens, P&G and Aetna are among its growing list of clients. We want to get you on the rocket ship to Digital Transformation. A Salesforce for the management consulting set, based in Switzerland, the firm has diversified into a 360-degree business that includes in-person workshops, digital courses and books. Kedrus Consulting is a people, process, and technology-focused consulting firm with a keen expertise in Branding, Strategy, Data analytics, and Digital transformation, Applying technology as a catalyst to drive growth and sustainability Digital transformation and consulting/outsourcing firms. 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