How can resource-heavy companies in the energy, oil and gas, basic materials, and utilities sectors achieve successful digital transformations? We’ve identified eight actions that can empower companies to achieve digital leadership, boost performance and sustainability, and scale transformations. https://lnkd.in/eUEUGh8f #NeverJustTech
At Argo, we recognize the potential of digital innovation for asset-heavy SMEs. The successful digital transformations can significantly enhance EBITDA. To achieve this, SMEs should adopt a holistic approach, integrating tools like CRM software for better customer relationship management, ERP systems for streamlined operations, and advanced analytics platforms for data-driven decision-making across marketing, sales, supply chain, operations, and support functions. This involves not only modernizing technology stacks with cloud solutions and IoT devices but also leveraging AI for predictive maintenance and automation for routine tasks. Crucially, leadership must drive this change, fostering a culture that embraces rapid experimentation and learning. By aligning strategic goals with these digital initiatives, SMEs can ensure sustainable growth and a competitive edge in their industry. Interested in reigniting growth? reach out at investments@argo-advisory.com
Digital transformation is a set of tools and practices helping companies in the Energy domain boost their efficiency, scale faster and optimize their processes. Digital technologies enable organizations to respond to customer demands as needs evolve adequately.
La transformación digital en industrias intensivas en recursos no es una moda, es una revolución. Abraza estos 8 principios o quédate atrás.
True capability building is really important as someone is working in the midst of digital transformation without adequate employee training any attempt at digital transformation is half baked. McKinsey & Company
Ensure red tape removal through Digiital tranaformatjon. The ultimate impact of Digital transformation should be efficiency, productivity and process simplification.
Well said.
Well said!
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5moMcKinsey & Company, The journey towards digital transformation in resource-heavy sectors like energy, oil and gas, basic materials, and utilities is indeed an uphill battle, but it's one worth embarking on. McKinsey's outlined eight actions serve as a roadmap, guiding these companies towards not just tech advancements, but also enhanced performance and sustainability. Imagine the impact: streamlined operations, reduced environmental footprint, and enhanced customer experiences. This isn't just about bytes and algorithms; it's about real-world change, from drilling rigs to power plants. By embracing digital leadership, these companies aren't just future-proofing; they're shaping a future where efficiency and sustainability go hand in hand. It's a journey that resonates with anyone who values progress and the planet. So, let's rally behind these initiatives, for they pave the way for a brighter, smarter, and more sustainable tomorrow. #neverjusttech