Digital maturity model is a tool to assist in the digitalization of a company. The model effectively assesses the current state of digitalization, identifies key gaps and helps the company with its digital strategy. Since the digitalization is a process that never ends, the model makes it possible to monitor the state of digitalization over time. The model uses a multidimensional criterion function of the key elements of digitalization.
Comprehensive, digitally supported processes that enable the use of technology and efficient capture, analysis and utilization of data in business processes. By doing so, companies can improve business efficiency and effectiveness. Some of the topics companies should address are the following:
A way of organizing activities and tasks, coordination of employees and management to adapt to the digital transformation and to integrate digital business development more effectively throughout the organization. Some of the topics companies should address are the following:
Adequate knowledge of employees with regards to digital strategy. Some of the topics companies should address are the following:
A set of values, practices and general expectations of employees required for successful digitalization. Some of the topics companies should address are the following:
This dimension represents various combinations of information technology that organizations use in their processes, products and services. Some of the topics companies should address are the following:
Comprehensive understanding of customers through and enabled by digitalization in terms of data collection, analysis and business processing via new digital channels. Some of the topics companies should address are the following:
Comprehensive data management throughout the entire data lifecycle. Data is a fundamental component of digitalization, which is usually greatly underestimated. Some of the topics companies should address are the following:
Internal and regulatory stress testing support. Development or ARDL-BACE PD and LGD stress testing models, macroeconomic scenario generation tool and staging module.
EBA EU-Wide Stress Test Exercise, included IFRS9 PD/LGD model review, development of benchmark PD/LGD/EAD models, IFRS9 Impairment calculations, data, analytics and documentation for regulatory review and industrialization of Stress Test/ICAAP framework