Strategy and Digitalization Enablers
Strategy consulting and process digitalization now go hand in hand: June 1 marks the launch of a strategic partnership between management consulting firm Bain & Company and digitalization specialist CENIT. The partners plan to combine their strategy, process and technology expertise to help company customers succeed in digital competition.
Bain & Company and CENIT form strategic partnership
Leading global management consultancy Bain & Company and the international process digitalization specialist CENIT are pooling their expertise to exploit the full potential of digitalization for their business clients.
Leading global management consultancy Bain & Company and the international process digitalization specialist CENIT are pooling their expertise to exploit the full potential of digitalization for their business clients.
The two partners are forming this strategic partnership in response to current market demand: According to the 2023 Digitalization Index published by the Institut der deutschen Wirtschaft, digital transformation in Germany has remained stagnant for the past two years.
Nevertheless, Bain & Company and CENIT both recognize that businesses are ready and willing to address digital change. But maintaining a consistent focus on digitalization while dealing with diverse strategic, legal and market requirements is often a steep challenge for business.
Holistic approach closes gaps between strategy and implementation
Peter Schneck, CEO of CENIT AG, explains: “Practical experience shows us that our clients are sometimes unable to realize the full potential of digitalization. Often, the reason lies in a gap between strategy and the corresponding operational implementation.” He adds:
“Companies are under immense pressure from productivity expectations, supply chain interruptions and sustainability requirements”, says Bain partner Bodo Körber. “At the same time, digital transformation offers them the chance to optimize their entire way of doing business, from development to manufacturing to service provision. Technology-driven products, data-driven services and innovative business models also offer new sales potentials.” In many instances, however, this requires massive investments in company infrastructure, processes and human resources, as well as an organizational structure that matches the new requirements.
Bain’s new Advanced Digital Technologies unit brings together consulting competency in industry, operations and enterprise technology. Machine makers, plant engineers and operators as well as companies from the automation and production industry are among the sectors that can benefit greatly from an integrated approach which covers the entire product lifecycle – from development to production to distribution and on to services – and thereby ensures best-possible technology support.
Bain & Company and CENIT intend to leverage their new symbiosis to reshape the way companies address digital transformation: An approach that fully integrates their strategy, their digital processes and their physical technologies – supported by a single-source partnership from concept all the way through to implementation.
Bodo Körber, partner at Bain & Company, underscores this joint approach:
Bain & Company and CENIT are thus joining forces in taking on national and international projects. The partners will rely on CENIT’s sophisticated, cost-optimized process and software solutions and an extensive shared resource pool covering product lifecycle management, enterprise resource planning, robotics as well as document management and analytics.