There’s never been a technology wave quite as powerful as the Digital Transformation (DX). It forces every company into an existential crisis: Disrupt or Be Disrupted.
According to the International Data Corporation, $1.1 trillion was spent globally on DX in 2018. But unfortunately, a large portion of that figure represents bad investments, driven by the misguided approach of “exponential experimentation” to push the digital agenda. The result, collectively, has been a “Pile of Massive Digital Failures.”
Puzzled by the breadth and depth of digital transformation failures causing the corporate world to fall into this crisis, four thought leaders came together to deeply study the root cause of both successes and failures in Digital initiatives with proven backgrounds in leading successful digital programs in different domains.
After 18 months of studying thousands of DX use cases across the globe and industries, two key factors rose to the top in every single successful transformation:
1. At its core, DX has to be Data Powered and Outcomes Driven
An Outcomes Driven mindset needs to be ingrained into the culture, vision, mission, and most importantly, ongoing ex*****on. It just can’t be a one time project or a Proof of Concept, what and how cannot be gut instinct or guesswork, one must leverage the data to prioritize, identify, and maximize the Outcomes.
2. Nearly half of the companies with successful digital transformations integrated their own data with diverse external datasets, libraries, and benchmarks.
They all went outside their “data garden” and added new and unconventional variables that completely disrupt their markets and crush their competitors.
Companies like Netflix, Amazon, Nintendo, Apple, Samsung, Verizon, Airbnb, NYTimes, and Disney have mastered the art of instilling both of these factors into their day-to-day business. In doing so, they have redefined the rules of the game.
These insights have led the founders to an audacious vision and dream of creating an Outcomes Driven Economy…
DXFactor: Our Mission
DXFactor is on a mission to drive Digital Transformation for every single customer.
Funded by the founders themselves and backed by a veritable “who’s who” of the AI & data world, DXFactor is operating at full steam ahead, with offices in San Francisco, Washington, D.C., Sydney, and Bangalore.
DXFactor leverages the world’s first Outcomes Platforms built to identify the "what" at the beginning of a company’s digital transformation journey. The platform uses augmented analytics and AI to automate the digital transformation process by proposing solutions which, when precisely implemented, are guaranteed to generate successful outcomes for customers. The platform is built to identify the "what" at the beginning of a company’s digital transformation journey. The platform uses augmented analytics and AI to automate the digital transformation process by proposing solutions which, when precisely implemented, are guaranteed to generate successful outcomes for customers.
DXFactor is a company built to drive digital transformation by helping companies build and implement DX solutions recommended by the Platform which guarantee successful results. In less than six months, DXFactor has partnered with Fortune 500 and Fortune 50 companies as clients.
Our aim is to enable companies of all sizes to invent - enhance - transform to this 'new normal'. DXFactor is lending our Digital Transformation expertise to rapidly address the roadblocks with a complimentary DXBlueprint using DXFactor Platform.
DXFactor is led by Dharmesh Trivedi, a visionary leader with more than 15 years of experience in helping start-ups grow to become industry leaders.
