Digital Transformation is the Biggest Opportunity of Our Time

“Digital transformation is the biggest opportunity of our time,” says ServiceNow CEO Bill McDermott. McDermott says there are three things that any c-suite executives will tell you:

1. We have to create great customer experiences to attain fierce customer loyalty.
2. Employee engagement and really getting employees inspired about working for their company is essential to win the talent war.
3. Step function productivity improvement generated from digitization is necessary to get cost down where it should be and revenue up where it has to be to win.

Bill McDermott, CEO of ServiceNow, discusses how digital transformation is the biggest opportunity of our time in an interview on CNBC:

Digital Transformation is the Biggest Opportunity of Our Time

Now I’m at ServiceNow and I’m so excited about this cloud future and digital transformation. I have been all over the world and met hundreds of customers in the last three months. Digital transformation is the biggest opportunity of our time. There are basically three things that any c-suite executives will tell you. One, we have to create great customer experiences to attain fierce customer loyalty. Two, employee engagement and really getting employees inspired about working for their company is essential to win the talent war. And three, step function productivity improvement generated from digitization is necessary to get cost down where it should be and revenue up where it has to be to win.

ServiceNow is the platform that essentially is the platform of all platforms. Every environment in the enterprise today is a heterogeneous environment. We are that cross-platform integration engine of the 21st-century economy which is why ServiceNow is growing faster than all of the companies in the cloud.

You’ve Got To Move Everything To a Modern Cloud Architecture

Here’s the root cause of the problem (of executives hesitating on digitization). It took 50 years to build the chaos, the complexity that exists in these enterprises. When you’re talking to these executives they don’t know what to do. That’s because they don’t know how to dig their way out of the mess. The fact is they’re not going to dig their way out of the mess. The fact is they are not going to did their way out of this mess. These systems of record will stay there for long periods of time. 

A system of innovation, a system of action, over these systems of record (is what is needed), where you can integrate the data into a new generation workflow in the cloud. Workflow designed experiences can take the mess and move it into a modern cloud architecture so they can execute their mission. The light bulbs go on when they see the solution. Unfortunately, and sadly, the vendors who got them there in the first place are telling them to buy new messes and add it on to the old mess. You have got to leave that old mess alone, put a tourniquet on it, and move everything to a modern cloud architecture, a modern workflow.