Opportunity In Varying Degrees of Digitization

As I am always looking for industries that have a need AND a want for Digital strategy and software solutions (such as mobile presence with apps and connected devices), the current opportunities are in Hospitality, Healthcare, Entertainment & Recreation, and Real Estate.

Click to enlarge this Mckinsey chart for an industry breakdown. Look for low Digital use and high productivity growth.

There is huge growth potential:

This is from Mckinsey's "Haves and Have Mores"  Download Full report PDF
Last year Mckinsey has some advice
HBR has a POV

Mckinsey shares insight into how America can return to dynamic and inclusive growth... Here are 2 excerpts:

One of the 5 pillars of progress
  • Digitization. The US economy is rapidly digitizing, but its progress is highly uneven. Focusing on the gap between lagging sectors and those on the digital frontier is a key part of the productivity puzzle. Government can play a role by promoting digital investment, digitizing public services and procurement, clarifying regulatory standards to encourage digital innovation, and taking a nimble and experimental regulatory approach to keep pace with technological change.
Bringing these initiatives to fruition requires investing in the future. But that is not to say that the only answer is trillions of new taxpayer dollars. Some of these policy actions are simply about creating opportunities, modernizing rules, convening, and matchmaking. In addition, there is a great deal of private capital on the sidelines, and investors are hungry for opportunities. Some businesses are already working with federal and local administrators in areas ranging from workforce training to urban redevelopment. With so many technology breakthroughs and new markets on the horizon, the United States does not have to settle for stagnation. ..

Share this post with