Private Equity’s take on Digital Transformation — Paul Szyarto // PS Group Holdings
- Part 1Growth Acceleration secrets from the Private Equity POV
- Part 2 Private Equity’s take on Digital Transformation — Paul Szyarto // PS Group Holdings
Show Notes
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02:07Private equitys take on the current digital transformationA digital transformation would require preparation towards a goal. But when the pandemic hit, most organizations were forced to move online without a plan.
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04:38Private equitys approach to digital transformationThe private equity approach is built on preparation and having value to offer. Once this is in place, a digital transformation strategy can be developed and deployed.
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05:17Industries that have room for a digital transformationTraditional industries like real estate, construction, legal, and medical are some of the areas with opportunity for a digital transformation.
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07:12How daySince the pandemic, businesses like mom-and-pop shops and gyms have taken on the digital world. With workout apps to replace the gym and food deliveries to cancel out walk-ins, these types of businesses are very flexible and willing to adapt.
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09:59Digital transformation in large organizationsInlarge organizations, successful digital transformations can happen organically as the workforce changes out. A younger workforce will bring with it more technologically advanced ways of doing things.
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12:15The goal and impact of digital transformationHuman capital is what costs the most in businesses. Digital transformation replaces people with automations.
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14:20Facilitating a smooth digital transformation in large industriesA seamless digital transform requires finding a balance between humans and technology. You need to figure out how you can amplify human capital in organizations.
Quotes
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"The pandemic has actually disrupted more organizations than those that have been able to proceed with a digital transformation." - Paul Szyarto, President of PS Group Holdings
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"Digital transformation is all about putting a plan in place to transform the organization based on all of these economical market competitive factors..." - Paul Szyarto, President of PS Group Holdings
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"Foundational traditional organizations require very heavy capital investments to completely transform. " - Paul Szyarto, President of PS Group Holdings
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“From a small business, they're agile, they're flexible. They're willing to take the risks. And whatever risk they take, they can easily implement. ” - Paul Szyarto, President of PS Group Holdings
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“You're looking at 20-50K to build an app that actually could be used by people.” - Paul Szyarto, President of PS Group Holdings
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“... the government's about to release a $6 trillion stimulus package that has something like $3 trillion in infrastructure spending.” - Paul Szyarto, President of PS Group Holdings
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“They're not just displacing old tech, they're displacing human capital.” - Paul Szyarto, President of PS Group Holdings
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“The goal of digital transformation is to apply technology, to create efficiencies and outcomes, to create efficiencies and production rates.” - Paul Szyarto, President of PS Group Holdings
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“In these big, slow moving industries, the digital transformation will happen when the existing workforce ages out of the workforce...” - Benjamin Shapiro, Host of MarTech podcast
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“I'm going to displace 94% of my workforce, and I'm gonna make a ton of money, but what are we going to do with these people? Figure out ways to amplify human capital...” - Paul Szyarto, President of PS Group Holdings
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“There's going to be a lot of human capital displacement, but there's also going to be a reallocation of human capital to become interpreters of those machines.” - Paul Szyarto, President of PS Group Holdings
- Part 1Growth Acceleration secrets from the Private Equity POV
- Part 2 Private Equity’s take on Digital Transformation — Paul Szyarto // PS Group Holdings
Up Next:
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Part 1Growth Acceleration secrets from the Private Equity POV
Ben talks with Paul Szyarto, president of PS Group Holdings, about private equity’s take on the MarTech landscape. Let’s face it. A lot of founders don’t have the know-how to navigate the MarTech landscape. Today, Paul talks to Ben about his growth acceleration secrets from the private equity point of view.
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Part 2Private Equity’s take on Digital Transformation — Paul Szyarto // PS Group Holdings
Paul Szyarto, president of PS Group Holdings, talks to Ben about the MarTech landscape from a private equity point of view. A lot of industries have great opptotunity for digital transformation. This is especially true for traditonal, large organizations like medicen and government. Today, Ben and Paul discuss private equity’s take on digital transformation.
