Leading Through Digital Disruption

Leading Through Digital
Disruption

Table of Contents
Introduction..................................................................................................................................3
The Case for Change...................................................................................................................3
Capture Insights...........................................................................................................................4
Make Fast Decisions....................................................................................................................4
REFERENCES................................................................................................................................6

Introduction
In all aspects of a company's activities, digital transformation is the introduction of digital
technologies. This leads to enormous improvements in the way it operates and can also have a
huge effect on consumer loyalty and product consistency. Fresh, creative goods and services are
steeping because of digital transformation. In multiple aspects of the operation of a company, the
implications of digital transformation can be seen: the way workers operate, how corporate
operations work, and how data is processed, evaluated, and used. Any company might require to
take bold actions to be ready for experiments and often mistakes in order to experience digital
transformation. Initially, it may seem like it is real insane to give up proven business processes,
but it is insanity caused by the periods when digital technologies are necessary. New technology
solutions are evolving at a fast rate in the industry. This can be referred to as the second digital
transition wave.' There is an increasing proliferation in robotics, computer learning, big data and
artificial intelligence. Thirty-seven percent of firms have adopted AI in some way, according to
Gartner, translating to a 270 percent rise over the last four years.
The Case for Change
IKEA is a multi-national conglomerate that, among other useful products and sometimes
home services, designs and sells ready-to-assemble furniture, kitchen appliances and home
accessories. Created by 17-year-old Ingvar Kamprad in Sweden in 1943, IKEA has been the
world's leading manufacturer of furniture since 2008. The brand used for the community is an
acronym composed of the initials of the founder (Ingvar Kamprad), as well as those of Elmtaryd,
the small farm where he had been founded, and Agunnaryd, the nearby village.
One of the digital transformation examples showing how Digital transformation will alter a
conventional company is the Swedish furniture sector. IKEA is improving the retail environment
of its consumers for the better due to modern technology and optimising the prices in the
process.
The company purchased TaskRabbit in 2017. This is a website that lets consumers look for
individuals to assist with the installation or distribution to your apartment of furniture bought at
IKEA. Due of this, clients who can't do these things on their own are more likely to use the
company's resources.