HP’s Digital Transformation Focuses on Turning Data into Meaningful Insights

The second annual ARC Industrial Digital Transformation Top 25 report continues to highlight companies that are succeeding at integrating digital technology into all areas of business, fundamentally changing the way they operate and deliver value to customers. ARC developed a rigorous process based on financial performance, a community intelligence based ranking system, and software and sustainability data. Leading companies take a strategic approach, integrating digital technology throughout their value chains. HP’s digital transformation focuses on turning data into meaningful insights, and it ranks #20 in this report.

Digital transformation is a whole new way of transacting businesses, supporting customers, leveraging the available services, and adapting to a volatile and fiercely competitive marketplace. The digital transformation journey has its share of challenges for both suppliers and end users. Technology is only part of the equation. People, capability, willingness, process simplification, and adopting a multidisciplinary approach are also required. Transforming to an organization where constant change and adjustment define normal operations is still very conceptual for some industrial companies. Each company is at a different stage of digital maturity, so there is no “one-size-fits-all” approach. Digital transformation leaders can be found across many different industries, sharing common traits and visions, helping them overcome complex challenges to innovate and stay agile. The companies mentioned in this report not only have their transformation initiatives well underway, but they also have their eye to the future tackling the next set of challenges on their journey.

This is the twentieth in a series of blogs in the digital transformation space.

HP

HP is a large technology company operating in more than 170 countries with over 300,000 employees. HP’s product portfolio is diverse and includes a wide range of products for both consumers and businesses. Its personal computer and printing divisions are among the company’s most well-known and successful businesses. In recent years, HP has made significant investments in the areas of artificial intelligence, Big Data and IoT with the goal of staying competitive.

HP’s digital transformation has been focused on turning data into meaningful insights that can be used to run a much better business. The company has been using data analytics and artificial intelligence to gain insights into business operations. Additionally, the company has invested heavily in the cloud and automation technologies.

Going Forward

Digital transformation has emerged as the fulcrum of business operations. This year’s Top 25 companies include many who made the list last year, together with some new companies and reshuffling of positions. ARC will continue its research in all areas related to digital transformation and analyze the outcomes. The ARC Industrial Digital Transformation Top 25 report will be published annually. With this being our second year, your feedback is very important to us as we will continue to investigate new approaches and measures to adjust our methodology, identify successful digital transformation initiatives, and help the industry as a whole digitally transform. Let’s travel together!

Learn more about ARC’s Digital Transformation Council

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