The document discusses key findings from the World Economic Forum's (WEF) report on digital transformation. The WEF identified digital transformation as one of the most pressing issues facing the world in 2015. The report summarizes interviews with over 300 executives across 13 industries on this topic. There are five cross-industry themes discussed: digital consumption, digital enterprise, platform economy, societal implications, and unlocking digital value to society. Each theme explores how new digital technologies are impacting customer expectations, business models, collaboration, jobs, the environment, and data usage. The bottom line is that digital technologies have potential to grow the economy and society if inclusiveness and innovation are supported, but limiting regulations or unequal access can undermine opportunities.
Describe the characteristics of the digital economy and e-business.
Identify the major pressures in the business environment and describe the major organizational responses to them.
Describe the role of information technology in supporting the functional areas, public services and specific industries
The Financial Times, in partnership with HP, recently held an event in Milan to discuss new CIO strategies for the digital age. Topics discussed included customer engagement, consistent delivery of service across all channels, strategies for driving innovation and supporting business growth, and security concerns in an era of BYOD and cloud services.
This white paper highlight key discussion points from the event.
Describe the characteristics of the digital economy and e-business.
Identify the major pressures in the business environment and describe the major organizational responses to them.
Describe the role of information technology in supporting the functional areas, public services and specific industries
The Financial Times, in partnership with HP, recently held an event in Milan to discuss new CIO strategies for the digital age. Topics discussed included customer engagement, consistent delivery of service across all channels, strategies for driving innovation and supporting business growth, and security concerns in an era of BYOD and cloud services.
This white paper highlight key discussion points from the event.
What is Digital Transformation | Digital Transformation Myths and Trends 2018hakuna matata solutions
If you want to lead your organization through digital transformation, the first step is understanding the realities of digital transformation. In this SlideShare we use excerpts from a few, prestigious industry reports/white papers to dispel a few myths.
Ομιλία - Παρουσίαση:
Βασίλειος Τουλιάς, Operational Excellence & Customer service Director, Head of Transformation, ΑΧΑ Ασφαλιστική
«3 δρόμοι για τον Ψηφιακό μετασχηματισμό της Ασφάλισης»
As the rise in sophisticated digital technologies drives an exponential change in online customer behaviour, the need for businesses to embrace digital transformation has never been greater.
Advice on how organisations can focus on the four digital transformation foundational pillars – People, Process, Platform and Performance – to drive change and instill digital into their organisation’s DNA.
Workshop digital transformation strategy digital road-map trainingMiodrag Kostic, CMC
Presentation "Digital transformation strategy workshop" Interactive training course on how to create digital strategy and digital road map for digital transformation?
Miodrag Kostic, CMC, CDC
Certified digital transformation expert - consultant
http://www.businessknowledge.biz/
http://www.miodragkostic.com/
Industry 4.0 is the name of the next industrial revolution which is fueled by the advancement of digital technologies. It
is dramatically changing how companies engage in business activities. As a result, the disruptive nature of Industry 4.0
demands a reassessment of the requirements for IT. On the one hand, there is the possibility that the responsibilities of Chief Information Officers (CIOs) could be taken over by other executives such as the Chief Digital Officer (CDO) or the Chief Technology Officer (CTO). On the other hand, this
recent development creates entirely new perspectives for positioning themselves and their IT departments
within the business.
The impact of digital technologies is reaching a magnitude at which IT is considered a substantial
business driver, potentially placing CIOs in the driver’s seat.
This presentation was given for Skatteverket (The Swedish Tax Authority) in April 2016. Entreprenörskapsforum commissioned the original report behind this presentation, available at sharing.claireingram.se.
Report 3 the fourth industrial revolution - things to tighten the link betwe...Rick Bouter
This report was all about the fourth stage of the Industrial Revolution made possible by the far-reaching integration of Operational Technology (OT) and Information Technology (IT). The IT/OT convergence and the end-to-end ecosystems that are under development – from design and production to client interaction and advanced Maintenance, Repair & Overhaul (MRO) – enable a future in which appliances, devices, things and machines for professionals and private people will communicate with central systems, with one another, and with users for the purpose of providing the best possible facilities to makers, service providers, legislators and customers.
Source, Sogeti ViNT: http://vint.sogeti.com/internet-things-4-reports/
Digital Transformation - Rethink The Business in The Digital Age
Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how you operate and deliver value to customers.
It's also a cultural change that requires organizations to continually challenge the status quo, experiment, and get comfortable with failure.
www.heruwijayanto.com
Digitalization and business model innovationPeter Tyreholt
The presentation go through my view on digitalization, how it affects a business model, some examples and finally our approach to take on the challenge.
Video from the presentation is available here (in swedish).https://www.facebook.com/handelskammaren/videos/10154861067538197/
Digital Transformation Framework By IonologyNiall McKeown
An academically peer reviewed digital transformation framework. Taught by leading universities, used by hundreds of organisations around the world.
This framework uses modern data sources to help guide organisational leaders, digital marketers and technology professionals to create a sustainable, innovative engine of growth through digital transformation.
I made resume ini shareable format (PDF) from article Tangui Catlin, Jay Scanlan, & Paul Wilmoot (they are from McKinsey) titled "Raising Your Digital Quotient".
I hope this file can be shared to anyone that need it. You can read how McKinsey can estimates your company related to DQ (Digital Quotient).
---------------------
With the pace of change in the world accelerating around us, it can be hard to remember that the digital revolution is still in its early days. Massive changes have come about since the packet-switch network and the microprocessor were invented, nearly 50 years ago. A look at the rising rate of discovery in fundamental R&D and in practical engineering leaves little doubt that more upheaval is on the way.
For incumbent companies, the stakes continue to rise. From 1965 to 2012, the “topple rate,” at which they lose their leadership positions, increased by almost 40 percent1 as digital technology ramped up competition, disrupted industries, and forced businesses to clarify their strategies, develop new capabilities, and transform their cultures. Yet the opportunity is also plain. McKinsey research shows that companies have lofty ambitions: they expect digital initiatives to deliver annual growth and cost efficiencies of 5 to 10 percent or more in the next three to five years.
The automotive industry stands at an inflection point. Decades of progress across safety, connectivity and performance have led to a drastic change in the vehicles on the road and for sale today. In addition, several colossal technology-driven changes are on the near horizon, which will in turn lead to even more drastic changes for the industry.
As these transformations occur, the automotive industry is leaning on Automotive Technology (“Auto Tech”) businesses for help. Automotive businesses throughout the supply chain are improving themselves by injecting digitization, intelligence and automation into existing processes. Auto Tech companies enable auto businesses to do so by providing software, data & analytics and outsourcing solutions. New businesses are emerging, both to take market share from incumbents through technology-driven processes as well as leveraging emerging technology to create new markets (e.g. Uber & Lyft using ubiquitous wireless broadband connectivity and smartphone adoption to create the ride-hailing industry). Catalyst is looking to partner with exciting businesses at the heart of the automotive industry transformation. Catalyst is also interested in technology businesses serving verticals adjacent to automotive including trucks & trailers, power sports, recreational vehicles and boats.
Going Digital: General Electric and its Digital TransformationCapgemini
How can a company that is over a century old transform itself to thrive in a digital economy?
For GE, responding to change is part of its modus operandi. This is a company that has famously made change a core capability and a constant in its history. For over 120 years, GE has ploughed forward under a banner of “Building, powering, moving and curing the world. Not just imagining. Doing.” This constant focus on innovation and transformation has made the company the only one to still remain in the Dow Jones Industrial Index since the original index was established in 1896.
GE is betting big on software and analytics to bring about its transformation, with Jeff Immelt stating: “I took over an industrial company, now it will be known as an analytics company”. GE’s focus on data analytics was clear back in 2012 when it set aside up to $1.5 billion for small take-overs to boost its presence in analytics. GE currently monitors and analyzes 50 million data elements from 10 million sensors on $1 trillion of managed assets daily to move customers toward zero unplanned downtime.
GE’s digital transformation is not the result of being in the right place at the right time. Instead, it is the result of a structured approach that involved a strong top-down digital vision, capability development, achieving all-round buy-in and a constant focus on innovation.
While many digital natives, from FaceBook to Uber, continue to take much of the limelight, this 120-year-old giant of the corporate world shows that digital agility is not just confined to the new Millennial corporates.
The Four Essential Pillars of Digital TransformationIan Thomas
Based on years of practical experience this whitepaper distils four key pillars we have observed time and again in successful digital initiatives, providing a structured foundation for an orderly, end-to-end digital transformation of the enterprise.
What is Digital Transformation | Digital Transformation Myths and Trends 2018hakuna matata solutions
If you want to lead your organization through digital transformation, the first step is understanding the realities of digital transformation. In this SlideShare we use excerpts from a few, prestigious industry reports/white papers to dispel a few myths.
Ομιλία - Παρουσίαση:
Βασίλειος Τουλιάς, Operational Excellence & Customer service Director, Head of Transformation, ΑΧΑ Ασφαλιστική
«3 δρόμοι για τον Ψηφιακό μετασχηματισμό της Ασφάλισης»
As the rise in sophisticated digital technologies drives an exponential change in online customer behaviour, the need for businesses to embrace digital transformation has never been greater.
Advice on how organisations can focus on the four digital transformation foundational pillars – People, Process, Platform and Performance – to drive change and instill digital into their organisation’s DNA.
Workshop digital transformation strategy digital road-map trainingMiodrag Kostic, CMC
Presentation "Digital transformation strategy workshop" Interactive training course on how to create digital strategy and digital road map for digital transformation?
Miodrag Kostic, CMC, CDC
Certified digital transformation expert - consultant
http://www.businessknowledge.biz/
http://www.miodragkostic.com/
Industry 4.0 is the name of the next industrial revolution which is fueled by the advancement of digital technologies. It
is dramatically changing how companies engage in business activities. As a result, the disruptive nature of Industry 4.0
demands a reassessment of the requirements for IT. On the one hand, there is the possibility that the responsibilities of Chief Information Officers (CIOs) could be taken over by other executives such as the Chief Digital Officer (CDO) or the Chief Technology Officer (CTO). On the other hand, this
recent development creates entirely new perspectives for positioning themselves and their IT departments
within the business.
The impact of digital technologies is reaching a magnitude at which IT is considered a substantial
business driver, potentially placing CIOs in the driver’s seat.
This presentation was given for Skatteverket (The Swedish Tax Authority) in April 2016. Entreprenörskapsforum commissioned the original report behind this presentation, available at sharing.claireingram.se.
Report 3 the fourth industrial revolution - things to tighten the link betwe...Rick Bouter
This report was all about the fourth stage of the Industrial Revolution made possible by the far-reaching integration of Operational Technology (OT) and Information Technology (IT). The IT/OT convergence and the end-to-end ecosystems that are under development – from design and production to client interaction and advanced Maintenance, Repair & Overhaul (MRO) – enable a future in which appliances, devices, things and machines for professionals and private people will communicate with central systems, with one another, and with users for the purpose of providing the best possible facilities to makers, service providers, legislators and customers.
Source, Sogeti ViNT: http://vint.sogeti.com/internet-things-4-reports/
Digital Transformation - Rethink The Business in The Digital Age
Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how you operate and deliver value to customers.
It's also a cultural change that requires organizations to continually challenge the status quo, experiment, and get comfortable with failure.
www.heruwijayanto.com
Digitalization and business model innovationPeter Tyreholt
The presentation go through my view on digitalization, how it affects a business model, some examples and finally our approach to take on the challenge.
Video from the presentation is available here (in swedish).https://www.facebook.com/handelskammaren/videos/10154861067538197/
Digital Transformation Framework By IonologyNiall McKeown
An academically peer reviewed digital transformation framework. Taught by leading universities, used by hundreds of organisations around the world.
This framework uses modern data sources to help guide organisational leaders, digital marketers and technology professionals to create a sustainable, innovative engine of growth through digital transformation.
I made resume ini shareable format (PDF) from article Tangui Catlin, Jay Scanlan, & Paul Wilmoot (they are from McKinsey) titled "Raising Your Digital Quotient".
I hope this file can be shared to anyone that need it. You can read how McKinsey can estimates your company related to DQ (Digital Quotient).
---------------------
With the pace of change in the world accelerating around us, it can be hard to remember that the digital revolution is still in its early days. Massive changes have come about since the packet-switch network and the microprocessor were invented, nearly 50 years ago. A look at the rising rate of discovery in fundamental R&D and in practical engineering leaves little doubt that more upheaval is on the way.
For incumbent companies, the stakes continue to rise. From 1965 to 2012, the “topple rate,” at which they lose their leadership positions, increased by almost 40 percent1 as digital technology ramped up competition, disrupted industries, and forced businesses to clarify their strategies, develop new capabilities, and transform their cultures. Yet the opportunity is also plain. McKinsey research shows that companies have lofty ambitions: they expect digital initiatives to deliver annual growth and cost efficiencies of 5 to 10 percent or more in the next three to five years.
The automotive industry stands at an inflection point. Decades of progress across safety, connectivity and performance have led to a drastic change in the vehicles on the road and for sale today. In addition, several colossal technology-driven changes are on the near horizon, which will in turn lead to even more drastic changes for the industry.
As these transformations occur, the automotive industry is leaning on Automotive Technology (“Auto Tech”) businesses for help. Automotive businesses throughout the supply chain are improving themselves by injecting digitization, intelligence and automation into existing processes. Auto Tech companies enable auto businesses to do so by providing software, data & analytics and outsourcing solutions. New businesses are emerging, both to take market share from incumbents through technology-driven processes as well as leveraging emerging technology to create new markets (e.g. Uber & Lyft using ubiquitous wireless broadband connectivity and smartphone adoption to create the ride-hailing industry). Catalyst is looking to partner with exciting businesses at the heart of the automotive industry transformation. Catalyst is also interested in technology businesses serving verticals adjacent to automotive including trucks & trailers, power sports, recreational vehicles and boats.
Going Digital: General Electric and its Digital TransformationCapgemini
How can a company that is over a century old transform itself to thrive in a digital economy?
For GE, responding to change is part of its modus operandi. This is a company that has famously made change a core capability and a constant in its history. For over 120 years, GE has ploughed forward under a banner of “Building, powering, moving and curing the world. Not just imagining. Doing.” This constant focus on innovation and transformation has made the company the only one to still remain in the Dow Jones Industrial Index since the original index was established in 1896.
GE is betting big on software and analytics to bring about its transformation, with Jeff Immelt stating: “I took over an industrial company, now it will be known as an analytics company”. GE’s focus on data analytics was clear back in 2012 when it set aside up to $1.5 billion for small take-overs to boost its presence in analytics. GE currently monitors and analyzes 50 million data elements from 10 million sensors on $1 trillion of managed assets daily to move customers toward zero unplanned downtime.
GE’s digital transformation is not the result of being in the right place at the right time. Instead, it is the result of a structured approach that involved a strong top-down digital vision, capability development, achieving all-round buy-in and a constant focus on innovation.
While many digital natives, from FaceBook to Uber, continue to take much of the limelight, this 120-year-old giant of the corporate world shows that digital agility is not just confined to the new Millennial corporates.
The Four Essential Pillars of Digital TransformationIan Thomas
Based on years of practical experience this whitepaper distils four key pillars we have observed time and again in successful digital initiatives, providing a structured foundation for an orderly, end-to-end digital transformation of the enterprise.
Disruptive Digital is an innovation that occurs when new technologies and digital systems affect or alter an enterprise's business model.
To know more details, visit : https://mitidinnovation.com/recreation/what-is-disruptive-digital/
The linking of computers around the world is going to have far reaching effects, and the spread of knowledge, the interchange of ideas and the dissemination of information are going to produce a revolution in our society. Digital business use technology to create new value in business models, customer experiences and the internal capabilities that support its core operations. The term includes both digital only brands and traditional players that are transforming their businesses with digital technologies. the more important benefits derived from developing a digital business include the ability of your organization to rapidly develop and move into new markets uncover and form partnerships reach new customers and expand your brand with new and existing customers as an innovator, among many others. Digital business is about the creation of new business designs by blurring the physical and digital world. It is about the interaction and negotiations between, business, and things. A. Karthik | M. Karthikeyan | P. H. Gopikannan "Digital Business" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-6 , October 2020, URL: https://www.ijtsrd.com/papers/ijtsrd33644.pdf Paper Url: https://www.ijtsrd.com/management/marketing/33644/digital-business/a-karthik
Digital disruptors - Models of digital operationsEricsson
As markets transform, businesses have to adapt to keep up and stay ahead. Strategies may vary, but the latest Networked Society Lab report, Models of Digital Operations, has identified successful practices that are already changing business logistics.
Digital Transformation and ERP - Digital transformation today means that firms are tasked not only with becoming more efficient, but also enhancing the overall consumer experience. Doing so is a question of survival.
Building a Digital Organization
Digitalization Trends & Opportunities
The Digital Electric Company of the Future
Questions
•
What kinds of cities do we want to live in tomorrow?
•
What if assumptions behind the projections about urbanization are wrong, and the current trend of urbanization is reversed by 2030 or 2050?
•
What if the global south achieved the same level of prosperity, wealth, and standard of living as the global north?
|
Digitalization is the digital transformation of any business into a digital business using digital technologies. The businesses that have gone through the process of digitization are successful in economic, financial, and customer satisfaction. Digital business relies on technology to operate and grow. It applies digital technology to reinvent business models and transform a company’s products and customer experiences. The paper presents a primer on digital business. Matthew N. O. Sadiku | Uwakwe C. Chukwu | Abayomi Ajayi-Majebi | Sarhan M. Musa "Digital Business: A Primer" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-5 , August 2022, URL: https://www.ijtsrd.com/papers/ijtsrd50574.pdf Paper URL: https://www.ijtsrd.com/engineering/computer-engineering/50574/digital-business-a-primer/matthew-n-o-sadiku
Digital Transformation in marketing has shown what it can do for businesses like Uber & Amazon.Digital Transformation is the implementation of digital technologies to assets, processes & products to improve efficiency.
Digital Transformation : Just a Buzzword or Real TransformationMatthew W. Bowers
Digital Transformation : Just a Buzzword or Real Transformation. A presentation to the St Louis Chapter of AITP to highlight, define and discuss digital transformation as well as business innovation and related topics. What IS Digital Transformation, why is it confusing, who does it, who leads, what is the maturity model?
Igniting growth through innovation: disruptive trendsEY
At the Igniting growth through innovation retreat, EY invited a panel of thought leaders to discuss three disruptive megatrends that are driving today’s innovation and altering corporate strategy.
Lean Digital Enterprise Evolution in a Hyper Connected World VSR *
In the digital era, every enterprise is Digital Enterprise and every digital enterprise must be Lean. Lean digital enterprises are future proof & future ready. This white paper highlights about the nature of software applications and paradigm shift required in Global Delivery Model to support Lean Digital Enterprises....
This presentation gives you a brief idea about artificial intelligence and it will work for all the students and also for people who works for companies
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
2. Overview of Digital Economy
• Every January, the World Economic Forum (WEF) brings together
2,500 top business leaders, international political leaders,
economists, and journalists to discuss the most pressing issues
facing the world.
• In 2015, it identified one of those issues as digital transformation:
how the lower cost and greater access to new technologies are
redefining what customers expect, how businesses deliver
products and services, and, as a result, how people live and work.
• And it launched its Digital Transformation Initiative, a study of 13
industries involving interviews with more than 300 executives. A
report summarizing its findings makes an interesting starting
point for our discussion.
3.
4. Five Cross Industry Themes
• Digital consumption
• Digital enterprise
• Platform economy
• Societal implications
• Unlocking digital value to society
5. Digital consumption
Digital consumption explains how the rapidly changing expectations of digital
customers are driving companies to reinvent themselves. The key ideas here are:
• the transition from offering products and services to creating experiences. Consumers
are looking for specific outcomes that enhance their satisfaction and their lives.
• the focus on hyper-personalization. Consumers are looking to control and customize
their products, services, and experiences; businesses are looking to provide these
more relevant interactions by learning as much as possible about their customers.
• the transition from ownership to shared access. Consumers are increasingly
interested in having access to what they want, when they want it, without the costs
associated with maintenance, storage, or downtime. The result is a growth in
collaboration, which improves resource efficiency and unlocks value in underused
assets.
6. Digital enterprise
Digital enterprise looks at how companies can rethink every aspect of their business to
succeed in the digital era. The main points to consider are:
• which strategy—build, buy, partner, invest, or incubate/accelerate (or a new model that
doesn’t yet exist)—will yield the most effective digital business model for the company.
• which operating model—customer-centric, extra frugal, data-powered, machine-driven, or
open and liquid—will allow the business to remain quick and agile in the digital economy
while best meeting customer needs and expectations.
• which digital talent and skills—from employees to leadership to ways of working—will
best prepare the company to compete in a fast-moving, ever-changing digital economy.
• how to best use digital metrics— scale, active usage, and engagement—to measure and
increase digital traction.
7. Platform economy
Platform economy focuses on how companies that work with other digitally enabled
companies can achieve the scale, scope, and speed that lead to success in the digital era.
The principal ideas are:
• how this type of business-to-business collaboration and competition drives the
companies involved to transform their organizational structures and business
models to find greater value.
• how this type of interdependent economy helps business ecosystems to expand by
sharing the rewards among all participating companies.
• how both industry and society benefit when companies work together to create value
for customers and offer solutions to problems they could never have tackled alone.
8. Societal implications
Societal implications look at the impact these new digital business and operating
models are having on society. The key areas of debate are:
• whether digitization is creating or eliminating jobs.
• whether digitization is adding to or reducing the environmental and social impacts of
economic growth.
• whether the increasing acquisition and use of personal data is making the digital
economy more equitable or leading to an erosion of trust and a breach of ethical
boundaries.
9. Unlocking digital value to society
Unlocking digital value to society assesses quantitatively what impact digitization is
having on businesses and on society. Two ideas are especially important:
• The value-at-stake analysis quantifies the value added by new products and services
and the value that will move from one area to another due to digitization between
2016 and 2025. It is equally a measure of the cost to industries, customers, society,
and the environment that is at stake if the digital value is not unlocked.
• The digital value to society (DVS) framework quantifies the impact of digitization on
health and safety, employment, the environment, and customers over the same
period. It includes measures such as lives saved, time saved, and jobs created.
10. To Summarize
• The bottom line is that new technologies have the potential to grow the economy and
make society more equal and inclusive.
• At the same time, limiting regulations and innovation and adopting technology in
some parts of the world but not others can all undermine these opportunities.
• These are the questions all companies—and all individuals—face right now. The
digital future is in our hands.
11. Class Discussion
• According to WEF, seven main technologies—artificial intelligence,
autonomous vehicles, big data analytics and cloud, custom
manufacturing and 3D printing, Internet of Things (IoT) and connected
devices, robots and drones, social media and platforms—are expected
to have the most impact on the way we think about business.
• Can you discuss and find
• which of these you believe will have the most impact and why.
• Is there another technology not on this list that you think is more important?
20. Factors affecting Digital Transformation
• We know that digital business transformation occurs at the
intersection of three laws:
• Moore’s Law,
• Metcalfe’s Law, and
• Bandwidth Law.
• Put differently, we’re talking about using the combined
powers of computing, connectivity, and cloud.