Yum! Brands, encompassing KFC and Taco Bell, has seen digital sales increase from 19% to over 50% under Joe Park’s leadership. The company’s “AI-first” strategy emphasizes collaboration and innovation, with technologies like kiosks improving customer experience. Future goals include generative AI to enhance marketing and operations, reinforcing tech as a core business driver.
PetSmart operates over 1,650 stores and nearly $10 billion in annual revenue, focusing on pet products and services. Under Greg Fancher’s leadership, the company enhances its digital transformation by integrating online and in-store experiences, optimizing e-commerce operations, and personalizing engagement through a loyalty program, leveraging AI for future growth.
Western Digital Corporation, a leader in data storage solutions, is focusing on enhanced cybersecurity, developing a collaborative IT culture, and improving employee experience under CIO Sesh Tirumala. By prioritizing skill set analysis and fostering teamwork, Tirumala aims to create a resilient organization equipped for digital challenges and innovation in the evolving tech landscape.
The National Stock Exchange (NSE) of India stands out as a technology leader in the global stock exchange landscape. Operating at the highest levels of scale and efficiency, NSE’s cutting-edge infrastructure enables unmatched reliability, ultra-low latency, and exemplary resilience. By embracing proactive modernization and advanced automation, NSE sets a benchmark for technological excellence in the financial sector.
Union Pacific, established in 1862, operates the largest U.S. rail network. CIO Rahul Jalali spearheads modernization efforts, including IoT adoption, platform transformation, and customer-centric innovations. They prioritize supply chain navigation and cybersecurity. Future plans include generative AI, zero-trust cybersecurity, mobility, and sustainability, reflecting their commitment to innovation and excellence.
Capital One, a pioneer in data and AI, has revolutionized the credit card industry over 30 years. The company’s Chief Data Officer outlines their data-driven culture, AI investments, and responsibility. Collaboration with academia and development of AI initiatives emphasize its commitment to responsible AI. These efforts illustrate their ongoing journey in data and AI innovation.
Forrester’s Enterprise Architecture Awards, led by Scotiabank in the Americas, showcase exceptional EA practices. Scotiabank excels in aligning EA with strategic priorities, driving cost and risk reduction, and fostering innovation. Fannie Mae and SouthState Bank were recognized as runners-up for their impactful EA contributions. The awards, supported by The Open Group, continue to elevate industry standards.
Generative AI is seen as valuable but poses critical challenges for organizations, particularly in law. While it holds potential to transform legal processes, the technology’s inherent errors necessitate human oversight. Firms like A&O Shearman and Wilson Sonsini are at the forefront of adopting AI to boost productivity, but believe significant advancements are needed for true transformation.
Ather Williams III, Senior EVP of Wells Fargo, has driven significant changes in digital banking. Their mobile app has seen a 30 million user growth, with innovative features like the AI-powered digital assistant, Fargo. The expansion of digital-first financial advice and the adoption of generative AI are part of their future plans, despite current challenges.
Digital transformation revolutionizes business operations by integrating digital technologies across all aspects of a business. Key technologies like AI, hybrid cloud, and blockchain propel intelligent workflows, enhance supply chain management, and expedite decision-making. Real-world cases, such as Frito-Lay and State Bank of India, illustrate successful digital transformations across different industries, highlighting the pivotal role of advanced technologies.
Schneider Electric, a leading French-based Fortune Global 500 company, focuses on digital automation and energy management. Embracing AI, it aims to enhance productivity and efficiency, leveraging it to deliver business value in internal processes, product services, and sustainability efforts. The company is innovating to drive a sustainable and efficient future through responsible AI adoption.
The “Human-Centric Enterprise” ebook aims to reimagine corporate management to maximize human potential. The book, a collaboration between Thinkers50 and Mercer, proposes that best practice should cater to individual needs and aspirations over balance sheets or rigid efficiency ideals. Armin von Rohrscheidt’s chapter discusses how HR needs to evolve to support this shift towards a more humane and people-centered organizational structure.
Monica Caldas, Chief Information Officer of Liberty Mutual, is transforming the company into a tech-forward insurer focusing on a ‘wing-to-wing’ digital transformation. This involves mapping customer journeys and employee experiences, identifying areas where digitalisation can improve service, and involving all stakeholders in data stewardship. Caldas has introduced Executech, a tailored tech training scheme, and leverages generative AI to improve processes. She emphasizes that a successful data strategy is crucial for digitization.
Instacart has revolutionized the traditional IPO narrative by successfully leveraging advertising as a primary revenue driver, showing significant profits since 2022 and continuing in 2023. Unlike previous digital companies like Amazon and Twitter, which reported losses upon their IPOs, Instacart reported net income of $2.5 billion in 2022, with 28% coming from advertising revenue. Turning its focus from delivery services to an advertising and retail media platform, Instacart’s revenue model indicates that advertising is an emerging power in the economic landscape.
