The Bionic Company

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As part of our CIO Summit, BCG Global Technology Advantage Leader, Karalee Close sat down with the Chief Digital & Technology Officer at Pfizer, to discuss leading and accelerating digital transformation through a pandemic Sponsored by BCG

Once a futuristic vision, the bionic company is here. Leading companies in multiple industries are combining the strengths of humans and technology to create superhuman—bionic—capabilities. Here we explore what the bionic company looks like, how it operates, and how traditional companies can think about transforming themselves into superhuman enterprises.To achieve its full potential, technology must be combined with the flexibility, adaptability, and comprehensive experience of humans.

Most bionic leaders today are digital natives, to which bionic processes come naturally. But more bionic companies can also be found in traditional industries. Incumbents are mounting successful and far-reachingMany of the elements of bionic companies are well known: artificial intelligence, digital talent, and platform-based software and services, for example. But the formula for putting them all together is neither immediately evident nor easy to implement.

These companies also require a very different organization model than the traditional management pyramid. Layers of approval are replaced by small, autonomous teams that are built and empowered to make decisions quickly. They are supported by platforms designed for scale so that everyone has access to the same data, technology, and resources.

 

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