Merck of Germany and Sberbank of Russia lead in exploiting digital to transform: Coeus Age

Merck of Germany and Sberbank of Russia top the list of 100 Global Gems of Digital Enterprise, emerging as front runners in exploiting digital to transform and perform.

The 100 Global Gems of Digital Enterprise list was released recently by Coeus Age, a fast-growing research organisation based out of India. It is part of a global research report titled 'A Board's Eye View of Digital in Enterprise,' conducted by Coeus Age between November 2018 and March 2019. The research used a very unique method of analysing the annual reports of the enterprises covered.

The third spot was occupied by five enterprises with a common score: Krung Thai Bank (Thailand), Midea Group (China), SEB SA (France), Siam Cement Group (Thailand) and State Bank of India (India).

Rentokil Initial (UK), Larsen & Toubro (India), Red Electrica (Spain), Olam International (Singapore), Ceconomy (Germany) and Sompo (Japan) are leaders in the B2B, construction, energy and utilities, food and beverages, retail and insurance industries respectively.

State Bank of India and Larsen and Toubro of India are also part of the list.

The aim of the research was to measure the 'digital in enterprise' phenomenon in companies. For this Coeus Age scanned through reams of data to figure how digital had become part of the business strategy of companies.

In all, 1,750 large enterprises from the Forbes 2000 list of 2018, across 19 industries and 60 sub-industries, six continents and 62 countries were covered. The research scored each enterprise across four dimensions and ten sub-dimensions.

The four dimensions used were: spread of digital in the narrative, strategic appreciation of digital, concrete adoption of digital and support environment for digital. Each enterprise could obtain a maximum score of 30.

"This is first of its kind list of top 100 enterprises as seen from the digital lens. Though 'digital in enterprise' is a nascent phenomenon, our study suggests that it shall become broad based over the next five to seven years," said Kapil Dev Singh, Principal Research Analyst and CEO of Coeus Age.

"Though the 100 Global Gems of Digital Enterprises are concentrated in few countries and industries, there is a broad representation across 29 countries and 18 industry verticals. This shows that over time, the 'digital in enterprise' phenomenon will become widespread as more and more company boards become conscious about its relevance and importance," said Singh.

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