Digital Transformation briefing to CAUDIT - CIO’s of Australian universities

Disruption, BIG data & CLOUD NATIVES
putting data on your balance sheet & disrupting digital natives
breakfast briefing to the CIO’s of Australian universities
an open discussion of challenges faced by CIO’s of Australian universities in big data & digital disruption

Disruption, Putting Value
on Data, & Cloud Natives..
“the current rate of change is causing us to sprint,
in multiple races at the same time...”

1. The Burning Platform
2. Digital Disruption & Data
3. Disruptors Born on the Cloud
CONTENTS..

THE BURNING
PLATFORM1

LEARN TO LEVERAGE
DISRUPTION & PUT VALUE ON
YOUR DATA & GAIN
SIGNIFICANT
ADVANTAGE OVER YOUR
COMPETITORS..

Putting a value on Big Data
•CIOs get it, but other board members may not understand it yet
•Big Data is rarely viewed as being part of a CEOs agenda
•Value of Big Data won’t be understood by CEOs until it’s monetized
•Big Data is often misunderstood by CFOs as a risk or cost
•Monetize Data by putting it on the balance sheet as an Asset
•Why? Because the value of Big Data is rarely expressed as a Asset
•Value Big Data as an Asset and treat it as a perishable commodity

Data is often allowed to be a Lazy Asset
•We’re all familiar with Physical Assets & Cash
•We’ve learned to manage Human Capital
•We’re catching up with Intellectual Property
•Most of us have a handle on Customer Data
•Databases, Log-files, and Metadata are even on the radar now
•But too few businesses value Data as an Asset !!
•Yet we know information is valuable, and information is Data !!

Data is a difficult Asset to classify & value
•ROI estimations of the value in Big Data can be highly uncertain
•Distinguishing cost of gathering & managing Data from cost of doing business is difficult
•Data does not have a physical presence & can have an infinite life
•Value of Data can quickly depreciate if is able to be readily outdated
•Some Data naturally depreciates in business value over time
•Other Data gains value by being put to unforeseen commercial use

DIGITAL
DISRUPTION2

ORGANISATIONS WITH
MINIMAL PHYSICAL ASSETS
HAVE GAINED HIGH MARKET
VALUE IN RECORD TIME
USING BIG DATA ASSETS

The Digital Disruption Has Already Happened
•Worlds largest taxi company owns no taxis ( Uber )
•Largest accommodation provider owns no real estate ( Airbnb )
•Largest phone companies own no telco infra ( Skype, WeChat )
•Worlds most valuable retailer has no inventory ( Alibaba )
•Most popular media owner creates no content ( Facebook )
•Fastest growing banks have no actual money ( SocietyOne )
•Worlds largest movie house owns no cinemas ( NetFlix )
•Largest software vendors don’t write the apps ( Apple & Google)

Looking the other way won’t make it go away
•One third of the Australian economy faces imminent and substantial disruption by digital technologies & business
models
•The key questions for leaders in business & government are:
• How is digital disruption affecting their organisation?
• How well are they responding to minimise the threats and maximise the opportunities presented by this
change?

Why is Digital Disruption so different
•Banks sending loan agents to a few thousand customers homes after hours in cars is disruption, but it’s not digital,
and it doesn’t scale well
•Peer 2 Peer loans by a bank with no money, no physical assets, no branches, no phone call center, all delivered
through a website or phone app is Digital Disruption and it scales very very fast at such a trivial cost it beggars belief

Data Driven Businesses Value Data Assets
•Data, in particular Big Data is now one of the most important assets businesses need to understand & learn to
leverage
•A recent survey of 760 information managers found that 50% have no idea how to prepare to leverage or value big
data
•20% of those information managers surveyed admitted they weren’t even going to try !!

DISRUPTORS BORN
ON THE CLOUD3

THE BUSINESSES DRIVING
THE DIGITAL DISRUPTION
WERE BORN ON THE CLOUD
AND DON’T KNOW ANY
OTHER WAY TO WORK

What does it mean to be Born on the Cloud
•Digital Disruption is in the DNA of the leaders changing the game
•Social, Self Service, Big Data, Cloud Computing taken for granted
•They focus on building and building for the customer
•Multivariate or A/B testing is their default state of mind
•Failure is the new Black - Fail & Fail fast ( find what doesn’t work fast )
•It’s never finished - just make it work and give it away ( Windows 10 )
•Google won the search wars while in “beta” ( 1997 - 2001 )

Learn how to think in Digital Disruption models
•Reverse Mentoring – let interns to teach your old guard new things
•Hack your business from the inside – Hackathons & Kaggle
•Imagine lectures streaming from home in a Google Hangout to YouTube live to one million students subscribed via
iTunes @ $1.99
•YourTutor, Fiverr, CloudFactory, Amazon Turks, AirTasker
•Learn to leverage Open Source and Creative Commons models
•Buy your own products & services by role playing every potential consumer type you can invent without pulling out
the CEO card

Making Data A Business Asset Issue
•Place value on Data immediately where it is generated
•Data should be valued right down to the individual record
•Data Value should be measured in real time where possible
•Once you quantify & value Data it becomes an Asset
•Once Data is an Asset it belongs on your Balance Sheet
•Appearance on a Balance Sheet legitimizes your Big Data
•Every part of your organisation needs a Big Data strategy

Presented by Dez Blanchfield
digital disruption & transformation, cloud computing, big data & analytics, internet of things..
email: dez@blanchfield.com.au twitter: @dez_blanchfield
phone: +61 414 464 356

Digital Transformation briefing to CAUDIT - CIO’s of Australian universities

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Digital Transformation briefing to CAUDIT - CIO’s of Australian universities