Uncover and learn from the success stories of digital transformation USA. See how digital transformation transforms and innovates USA businesses. Perhaps you can glean solutions and techniques from these real-life cases that can help you better deliver DX.
Digital Transformation USA: Success Stories to Inspire
So here are successful DX stories from digital transformation in the USA.
1. Microsoft
Who in the IT world does not Microsoft? Microsoft has been renowned for its Office Suite, and Windows operating systems. Although one of the top notches in the market, this innovative company also had to go through the strong competition.
For instance, competition is rising between Amazon, Apple, and more other emerging companies. If without further innovative strategies, this company will soon see others getting much ahead of them.
So in 2014, Microsoft started to re-create digital strategies. Before, Microsoft focuses on traditional software. But since that re-creation, Microsoft began to rethink strategies into a cloud system. This cloud system is not limited to single-use, but this aims to fit itself to both enterprise and personal use.
In addition, aside from personal re-creation, Microsoft also innovated with other technology and software companies. This collaboration led to more opportunities and lucrative partnerships.
Results of Innovation
With what results did Microsoft earn?
Microsoft increased its stock prices dramatically. For example, its market cap reached $1 trillion. In addition, its stock share raised from $38 in 2014 to $136 today.
2. Honeywell
Another tech giant reaping the rewards of transformation is Honeywell. Although being a digital transformation aid for others, Honeywell itself knew and acknowledged the need for transformation.
In 2016, Honeywell reduced its industrial market end. For instance, from eight, they minimized it to six. In addition, the company then seeks ways to revamp existing digital solutions. For their customers, Honeywell further improves their service by data.
Results of Innovation
Honeywell’s cloud-based and data-centric services and devices enable their digital transformation. For instance, their customers now gain better services from better technology solutions. Also, their reinvention of industrial process control, not only benefits their customers but also the insider’s culture.
As a result of innovation, Honeywell increased its stock per share from $95 to $174. All of this results from a period of 4 years of diligence and more careful innovation.
3. Home Depot
Home Depot, a home improvement company, has been successful in its industry for years. But lately, in 2017, this company adopted an expansive DX strategy.
The Home Depot aims to revamp the online shopping UX experience. In addition, it is their aim to improve the quality of their products over quantity. With this expansive transformation, the company invested up to $11 billion for a period of 3 years.
Results of Innovation
In line with the change, Home Depot housed a thousand IT professionals. So these professionals make up a robust IT department. As a result, customer data and insights are now better used for better services and processes. In addition, proper inventory levels for the stores are now with regular consistent maintenance.
Home Depot now rises its stock value from $135 to $215 in only 2 years. Not to mention their revenue growth of more than $17 billion.
Final Thoughts
These examples show how DX should be. It is not an overnight success. For some, it took almost a decade, while for others, a handful of years do. Whichever is the case, careful planning and strategies lead DX more than the mere adaptation of digital technologies.