Covid-19 Update

 

Effective Monday, March 16, 2020 and until further notice, Econsult Solutions is having staff members work from home. This form of “social distancing” has been implemented with the safety of our staff and the community at large in mind. We have instituted all necessary remote-working features and remain open for business, hard at work on current engagements and eager to hear how we can support your needs. 

These are extraordinary times. The global pandemic has reached every aspect of every life in every corner of the world. More than ever, ESI stands ready to apply economics, strategy, and insight to help you move forward. Be on the lookout for additional content on our blog, Present Value. Together we will emerge stronger and wiser. 

Cognizant Reports: The End of the Beginning

How many legacy firms are still in existence today? Many that were household names, Kodak, Blockbuster, BlackBerry, and Sears, for instance, haven’t survived the digital transformation paradigm shift that is defining 21st-century corporate survival. And newer firms like Google, Apple, and Netflix are raising the bar and setting new expectations.

For Cognizant’s The End of the Beginning, ESI ThoughtLab completed a comprehensive survey of nearly 2,500 of today’s business and technology leaders from an array of industries worldwide that together represent $21.6 trillion in revenue. To dive deeper, we conducted interviews with top executives who have guided organizations through disruptive, adaptive changes to ensure 21st-century business success.

We developed benchmarking indices that allow business executives to gauge their own firm’s digital maturity. To separate the leaders from those whose digital journey is lagging we analyzed:

  • Ranking on a digital transformation framework: We scored companies across 13 key aspects of business and technology change.
  • Ability to influence revenue through digital methods: Drawing on self-reported data, we analyzed the level of revenue influenced directly or indirectly by digital channels.
  • Benefits generated from digital: This included operational benefits, such as speed to market and improving cost efficiencies, and more strategic ones, such as greater shareholder value and market share.

From this rigorous analysis, we ranked each surveyed firms’ position on the digital maturity curve, see the figure below. Where does your firm fit on the digital maturity curve? Learn more from Cognizant’s report on digital business transformation.

How can ESI ThoughtLab help set your firm apart through thought leadership?

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