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The DX Factor Story: Ushering in an “Outcomes Driven Economy”…

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.”

Dissecting a Global Existential Crisis with the Top Minds in DX

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 transformations 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 Outcomes Driven & Data Powered

An Outcomes Driven mindset needs to be ingrained into the culture, vision, mission, and most importantly, ongoing execution. 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 instill an Outcomes Driven Digital Transformations for every single customer. And early client successes are proving DXFactor is more than up to the task.

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.

The company has built a unique DXFactor Outcome Identifiers Platform (OIP) that comes prepackaged with attributes from successful use cases. OIP is infused with external data sets that automatically identifies an Outcomes Driven DX Solutions from customers’ internal data.  

Outcomes Identifier Platform is available online for free to every company to make sure together we can create an Outcomes Driven Economy.