Malakoff Médéric's Journey to Becoming a Truly Data-Driven Insurer
Learn how the French market leader for group protection partnered with BCG to become a truly digital and data-driven company.
Instead of embarking on a massive multiyear IT transformation, companies can build a data and digital platform that delivers three to five times the value in half the time and at half the cost. By implementing BCG’s data and digital platform, companies can enable new digital services and upgrade their core IT, both of which are critical to the success of a digital transformation.
Such a digital transformation is a journey—and it is fundamental to start modernizing IT early in this journey. Yet that does not mean that you need to revamp all your IT architecture before implementing digital services or launching pilots for data and digital uses that may never scale up. Rather, a critical first step is implementing a data and digital platform, which can both scale up and deliver value fast.
At BCG, we believe that a successful digital transformation requires decoupling the data layer from legacy IT so that companies aren’t forced to modernize their enterprise resource planning systems all at once—an expensive, time-consuming, and risky proposition. Companies that implement data and digital platforms—separating the data layer from legacy IT—can scale up new digital services faster, while upgrading their core IT.
It has only recently become feasible to build the data platform and smart business layers separately from the existing core, thanks to multiple advances in SaaS, PaaS, cloud offerings, low code platforms, and the open source community.
We bring unique capabilities and deep expertise to data and digital platform development. We count IT architects, data integration and migration experts, and technology and cloud specialists among our data and digital platform consultants. These experts address:
We work with clients on:
Our ERP experts help clients migrate away from legacy ERP platforms—and build next-generation data and digital systems.
BCG’s proprietary digital maturity assessments enable companies to benchmark against peers and develop a rock-solid data and digital platform strategy.
We have helped many of our clients build and realize the benefits of digital platforms as part of their digital transformations. Examples include:
Learn how the French market leader for group protection partnered with BCG to become a truly digital and data-driven company.
The automaker underwent a massive digital transformation to compete with more-agile newcomers.
Our data and digital platform consultants and industry experts help clients create the foundation for a successful digital transformation. Here are some of our experts on the topic.
BCG Platinion Managing Director
New York
Most banks know what their technology landscape needs to look like. The question is how to execute a transformation without stalling business development for three years or more.
To accelerate a digital and IT transformation and build value faster, focus on business outcomes and decouple the digital transformation from core system replacement.
With powerful algorithms becoming table stakes, finding and gathering the right data to feed those engines will be the key to a company’s success.
With artificial intelligence, companies can more proactively—and more efficiently—manage IT incidents, saving time, reducing costs, and sparing users a lot of frustration.
As companies accelerate efforts to become data-driven organizations, some are hitting bumps in the road, forcing them to slow down.As companies accelerate efforts to become data-driven organizations, some are hitting bumps in the road, forcing them to slow down.
It will be virtually impossible for traditional ERP to manage the anticipated huge growth in e-commerce and the need for flexibility and speed.
New technologies can lure consumers back to stores with experiences they can’t get online. Here’s how retailers can ensure a fast, effective rollout.
The better your data quality, the better you can solve problems, seize opportunities, and generate value. Here’s how to get that good data fast.
Learn more about how BCG’s data and digital platform (DDP) approach accelerates digital transformation using a method fundamentally different from legacy technology systems. DDP leads with business outcomes and decouples digital transformation from core system replacement, building value much faster.
