Renault’s Billion-Euro Digital Transformation: An Interview with CIO Frédéric Vincent
Renault can now develop, in mere months, digital initiatives that will create €600 million in increased value annually.
To serve your customers better, improve your offering, and boost your profits, your company—like most firms—might need to engage in a digital transformation. And that could entail reimagining end-to-end digital journeys, revamping industrial plants with digital capabilities, and improving customer targeting with digital marketing and personalization, among other initiatives.
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.
Companies are feeling pressure to undergo digital transformation and re-evaluate their data and digital capabilities. But existing environments and legacy challenges constrain many companies in their attempts to enable digital capabilities. BCG's data and digital platform delivers the foundation required to successfully deploy digital transformations.
Data is at the heart of all digital transformations, and to become data-driven, your company must modernize its IT legacy—such as ERP and mainframe systems. This will enable a massive ingestion of data and its usage across silos—as well as its accelerated processing.
Today’s latest technologies and new ways of working make it possible to break the compromise between building an industrial platform and achieving rapid results.
At BCG, we believe that successful digital transformation requires companies to build an industrial platform for data and digital technology. Such a platform addresses the business use cases and starts small to move fast. It then scales up at an industrial level.
BCG brings unique capabilities and deep expertise to digital transformation.
We count among our digital experts: IT architects, experts in data integration and migration, and technology and cloud specialists. We also address:
We have already helped many of our clients build critical platforms to enable their digital transformation, including Malakoff Médéric and Renault.
Renault can now develop, in mere months, digital initiatives that will create €600 million in increased value annually.
The EU’s General Data Protection Regulation establishes new standards for handling customer data, increasing both the challenge and the rewards of proactively earning consumers’ trust.
Metadata has long been viewed as a secret language for the folks in IT. But when technical, business, and operational perspectives are combined, metadata speaks volumes and drives value.
This French company took a large leap away from its data centers.
BCG Platinion, a core part of The Boston Consulting Group, brings together expertise in IT architecture, implementation, IT project management, and design to help our clients master complexity and deliver results. We connect with and extend BCG’s capabilities in implementation for IT, digital, and cybersecurity. We help our clients successfully complete and realize projects by accelerating implementation, reducing costs, and minimizing risk.
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Digital technologies are transforming every aspect of business—and no turnkey solution will equip you to keep pace. DigitalBCG engagements are designed to deliver immediate value, while also building the capabilities, processes, and mindsets necessary to sustain your digital transformation.
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