IOT Collaborative - Digital Innovation – Strategy, Process and Governance
November 1, 2018
Youngjin Yoo
Weatherhead School of Management
Case Western Reserve University
Digital First - Managing Disruption in the Digital Economy
1. Digital First
Managing Disruption in the Digital Economy
Youngjin Yoo
Faculty Director, xLab
Elizabeth M. and William C. Treuhaft Professor in Entrepreneurship
Weatherhead School of Management
Case Western Reserve University
@YoungjinYoo
November 1, 2018
IOTC Thought Leadership Meeting
4. Previous wave of digital
innovation:
“paving cow’s path”
• 2G/3G mobile handset
• Digital TV
• Enterprise IT systems
• Electronic health records to support
the current practices
5. “A Tesla has 150
moving parts. A typical
internal combustion
engine car has about
10,000 moving parts
and none of them
overlaps with 150 parts
that Tesla uses.”
• smartphones
• ridesharing model
• what about healthcare
industry?
Current wave of digital innovation:
6. Digital objects
“objects that take shape on a
screen or hide in the back end
of a computer program,
composed of data and meta
data regulated by structures or
schemas” (Hui 2016, p. 1)
9. 1. Non-materiality of digital
objects
demands them to be “printed”
on physical bearers so that
users can interact with
10. 2. Digital objects as computed
objects
any digital object require an
execution of a set of instructions to
come into being.
• Re-programmable
• Result of pre-formatted, automated, contingent,
“live actions” performed by software
11.
12.
13. When you do cut & paste …
each instance is an emergent
and temporary reproduction
of non-material objects
created instantaneously by a
set of instructions
14. Value creation process
“the steps and activities (within
and across firms or industries)
that lead to the production of
marketable goods”
22. Value co-creation process
on-demand, deferred, temporary,
and recombinant assemblage of
distributed material and non-
material resources through the “live
actions” by software-enabled
instructions
23. binding (assemblage) of resources
are done at or near the point or
near of use through “printing”
24. a firm as a nexus of algorithms that
carry out “print” instructions at or
near the point of use for deferred
binding
25. Data & algorithm are the
driver of value creation.
Physical resources are
combined only when and where
it adds value.
31. Digital
Technology
Strategic
Framework
Digital Talent
Digital
Business
Model
Connected Healthy Living
Connected Manufacturing
Connected Experience
CWRU Assets Digital First
Solutions Needed
xLab Themes
Technology
Engineering, IOTC,
think[box], Data
Analytics
Management
Design thinking,
Entrepreneurship,
Marketing, Finance
Domain Knowledge
Heatlhcare, Manufacturing,
Data Science
32. November 15, 2018
Every employee should think “Digital First”
Digital revolution is transforming every industrial sector. How does your
company fare in your digital strategy?
https://weatherhead.case.edu/executive-education/programs/your-digital-
strategy