What is a "Digitized World"? The Most Authoritative Explanation.
Is digitization still a challenge?
The journey to digitization started a quarter of a century ago, but remains an ever-present challenge that needs to be met for success. Authors: Jacques Bughin is a McKinsey senior partner and MGI director in Brussels. James Manyika is a McKinsey senior partner, and director and chairman of MGI based in San Francisco.Does digitization increase productivity?
The way firms use digital technologies on the ground amply demonstrates the productivity dividend that is possible.4 Sectors with a high level of digitization also display the largest productivity growth.Is Ai the future of digitization?
AI may be today’s buzzword, but this is a new area to master if companies, sectors, and economies are to thrive in the future. The journey to digitization started a quarter of a century ago, but remains an ever-present challenge that needs to be met for success. Authors: Jacques Bughin is a McKinsey senior partner and MGI director in Brussels.How does digitization affect business growth?
Seventy percent of these companies achieve higher productivity growth than the average incumbent firm. They are also more than three times more intensively experimenting with new products and new business models linked to digitization. They do not hesitate to cannibalize their early businesses.
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