The document discusses the risks associated with not digitally transforming a business in the digital era. It begins by defining key terms like digitization, digitalization, and digital transformation. It then discusses emerging disruptive technologies driving change and the benefits of digital transformation, such as improved customer experience, top-line growth, and operational efficiencies. However, the greatest risk of not digitally transforming is doing nothing at all, as this could lead a business to struggle retaining staff, lose market share and revenue, miss opportunities to meet customer needs, and put them at a competitive disadvantage against businesses that have transformed digitally.
Find out what it takes to build a successful business. What makes your business stand out? What do you offer that competitors don't?
What mistakes should you avoid making?
What is the winning formula to start a business?
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Nazanine Matin: Encouraging Women Entrepreneurs to Take ChargeCIO Look Magazine
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Slash | The Age of Acceleration and the Great Societal ShiftSlash
In this internal Slash talk (2019) we covered:
1) the underlying dynamics that accelerate the exponential change we're seeing across society, tech and climate.
2) We summarized 2 books and highlighed key ideas:
- Thank you for being late (Thomas Friedman)
- Homo Deus (Yuval Noah Harari)
3) the implication for Slash
An update on the POEM framework plus some extras which I used for a discussion at Covenant University for a GoGetters Entrepreneurial Workshop in February 2014
Find out what it takes to build a successful business. What makes your business stand out? What do you offer that competitors don't?
What mistakes should you avoid making?
What is the winning formula to start a business?
In this presentation I share what I learned the first 3 years starting my business. About entrepreneurship, saas, startup, products, software, bootstrapping and so on.
Nazanine Matin: Encouraging Women Entrepreneurs to Take ChargeCIO Look Magazine
The world is changing. While long overdue, women are increasingly taking leadership roles in cutting-edge technology companies. With the courage to pursue her passions, the background to redefine global entrepreneurship and the ability to manage AI’s disruption, CIO Look brings to you the journey of avid entrepreneur, Nazanine Matin, the Head of Finance at UIB Holdings Pte. Ltd.
Slash | The Age of Acceleration and the Great Societal ShiftSlash
In this internal Slash talk (2019) we covered:
1) the underlying dynamics that accelerate the exponential change we're seeing across society, tech and climate.
2) We summarized 2 books and highlighed key ideas:
- Thank you for being late (Thomas Friedman)
- Homo Deus (Yuval Noah Harari)
3) the implication for Slash
An update on the POEM framework plus some extras which I used for a discussion at Covenant University for a GoGetters Entrepreneurial Workshop in February 2014
Many organisations are struggling to implement and drive their digital transformations. Only about 30% of digital transformations efforts actually succeed. Mostly because going digital is a complex process with many internal and external pressures. Organisations need to understand what transformations entails, avoid the pitfalls and and carefully consider each facet of digital transformation. Only then can they turn ambition into achievement. In this playbook, we have identified the nine traits of companies that win at digital transformation. We will see what defined their success and how they achieved it. And we will discuss how we can help companies reach their digital transformations goals.
Right at the top of the sceptical heap is the Board of Directors. You may have collated the necessary stats, analysed the opportunities and threats and identified the technologies that could transform how you do business. But all of this is for naught if you cannot convince the Board, for whom most of your arguments may be far outside their scope of experience.This is a communications challenge, not merely a strategic one.
So how do you persuade the board?
Digital Transformation: A $1 Trillion Opportunity (Note: 2015 deck - somewhat...Ketan Kakkad
This is a 2015 deck - somewhat outdated but contextually still very relevant.
According to World Economic Forum, we are in the midst of 4th Industrial Revolution triggered by FUSION of technologies! Convergence of these Digital Technologies is already disrupting existing and well established business models! Please note that this deck has not been touched since early 2016 (uploading just now in mid-2017), so some aspects might be little bit outdated. I would love to hear your thoughts in comments, and do not hesitate if you wish to discuss specifics or engage in a deeper conversation on how we can help you shine through your Digital Journey.
Digital transformation challenges and the marketing audit imperativeSilvia Rak
The digital transformation poses a unique opportunity for marketers: this process that puts a question mark on business models and erases whole industries offers a chance to take the marketing discipline to a more strategic level. Because at top level everything is under scrutiny, it is a springboard for everyone who would like to escape the “we’ve always done it this way” trap. But my prediction is: only few will make it.
Leveraging Digitalisation for Transformation - A Digital Leadership Capstone ...NUS-ISS
From a successful brick-and-mortar company to a digital one. How can a company determine business priorities and apply value strategies to inform management to transition to a digital ecosystem?
Presenting our very own students' capstone project, participants will learn from their experience on approaches taken to shift markets and lead new market segments and value proposition; understand how digitalisation extends the traditional business model and critically, what are the digital leadership take away from embarking the digital transformation journey that is more than a matter of superior technology
7 considerations to your digital transformation journeyTarang Rai
This new era of digital transformation brought about by the emergence of new technologies like mobile, cloud, analytics, Internet of Things etc., is highly reminiscent of the e-business era. There are many business opportunities to pursue, enabling technologies to be utilized, and customers to be influenced.
Training Series Live!: Think Like a TechnologistApartments.com
In this edition of Training Series Live!, Lauren Curley, Marketing Director for Landmark Property Services, discussed how marketers today need to start thinking like technologists in order to build more effective marketing strategies.
Innovation processes over the last 30 years.
What is changing fast now?
Exponential Tech
Ubiquitous Connectivity
Urbanization/Ageing
Digital Healthcare
How to prevent being disrupted?
What do you need to change?
Options for the new innovation set up
Impacts on the company/functions
A solution, e.g Bus Model to suit your company
Ideation/New Concepts/Portfolio generation
Team effectiveness, trust, productivity, results
Transformation execution
Global Rollout/Portfolio mgt
Are you a Digital Transformation leader? Can you create a high-performance strategy in the digital age? Have you got what it takes to avoid the tumbling barrels of distracting digital tactics, over hyped technology or the belief that your market is immune to disruption? Have you allocated the right resources to deliver a focused plan of transformation?
Beginners guide digital transformation zaitoon digital agencyZaitoonagency
Digital Transformation has resulted in fundamental changes in how a business operates and the value they deliver to their customers.
Download the ebook to get the insights of technology trends for Digital Transformation.
Disruptive Behavior is the new black, so to speak. At this day and age when technology and globalization continue to change the way we see and experience things, when customers behaviors evolve rapidly and business environments go through a dynamic change- disruptive behavior is the new normal.
Introducing Acquia’s DXP Vision, Strategy, Renaming, and RepackagingAcquia
Please join Acquia’s executive team as they share with partners how Acquia’s new product strategy will help the partner community build more sales opportunities and revenue growth. You will come away from this webinar knowing:
Acquia’s vision, strategy, and opportunity in the DXP market
How our products and roadmap will achieve this vision
What our new product branding and packages are, and how these map to the old branding and packages
New services opportunities available to partners
New partner selling tools now available
*Register and receive a $15 Voucher. Available to Acquia’s Partner employees only. Must attend to use the voucher.
A knowledge session conducted at BHIVE and its connected workspace fraternity drawn from amongst startups to SMBs and large companies - the focus was to provide an understanding of what it means to embark on Digital Transformation for the Enterprise and then for each one of us as Individuals. Digital as a term is used very loosely and it's time to dispel some of the myths.
For the reader, know that this provides a high level perspective and is by no means intended to completely address the topic of Digital Transformation. There's also a section on what it means for individuals to continually evolve their brand, and this is also constantly changing as newer tools of relevance emerge.
This piece of work was presented mostly in a personal capacity, and the document has attributes and citations where needed.
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/
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Many organisations are struggling to implement and drive their digital transformations. Only about 30% of digital transformations efforts actually succeed. Mostly because going digital is a complex process with many internal and external pressures. Organisations need to understand what transformations entails, avoid the pitfalls and and carefully consider each facet of digital transformation. Only then can they turn ambition into achievement. In this playbook, we have identified the nine traits of companies that win at digital transformation. We will see what defined their success and how they achieved it. And we will discuss how we can help companies reach their digital transformations goals.
Right at the top of the sceptical heap is the Board of Directors. You may have collated the necessary stats, analysed the opportunities and threats and identified the technologies that could transform how you do business. But all of this is for naught if you cannot convince the Board, for whom most of your arguments may be far outside their scope of experience.This is a communications challenge, not merely a strategic one.
So how do you persuade the board?
Digital Transformation: A $1 Trillion Opportunity (Note: 2015 deck - somewhat...Ketan Kakkad
This is a 2015 deck - somewhat outdated but contextually still very relevant.
According to World Economic Forum, we are in the midst of 4th Industrial Revolution triggered by FUSION of technologies! Convergence of these Digital Technologies is already disrupting existing and well established business models! Please note that this deck has not been touched since early 2016 (uploading just now in mid-2017), so some aspects might be little bit outdated. I would love to hear your thoughts in comments, and do not hesitate if you wish to discuss specifics or engage in a deeper conversation on how we can help you shine through your Digital Journey.
Digital transformation challenges and the marketing audit imperativeSilvia Rak
The digital transformation poses a unique opportunity for marketers: this process that puts a question mark on business models and erases whole industries offers a chance to take the marketing discipline to a more strategic level. Because at top level everything is under scrutiny, it is a springboard for everyone who would like to escape the “we’ve always done it this way” trap. But my prediction is: only few will make it.
Leveraging Digitalisation for Transformation - A Digital Leadership Capstone ...NUS-ISS
From a successful brick-and-mortar company to a digital one. How can a company determine business priorities and apply value strategies to inform management to transition to a digital ecosystem?
Presenting our very own students' capstone project, participants will learn from their experience on approaches taken to shift markets and lead new market segments and value proposition; understand how digitalisation extends the traditional business model and critically, what are the digital leadership take away from embarking the digital transformation journey that is more than a matter of superior technology
7 considerations to your digital transformation journeyTarang Rai
This new era of digital transformation brought about by the emergence of new technologies like mobile, cloud, analytics, Internet of Things etc., is highly reminiscent of the e-business era. There are many business opportunities to pursue, enabling technologies to be utilized, and customers to be influenced.
Training Series Live!: Think Like a TechnologistApartments.com
In this edition of Training Series Live!, Lauren Curley, Marketing Director for Landmark Property Services, discussed how marketers today need to start thinking like technologists in order to build more effective marketing strategies.
Innovation processes over the last 30 years.
What is changing fast now?
Exponential Tech
Ubiquitous Connectivity
Urbanization/Ageing
Digital Healthcare
How to prevent being disrupted?
What do you need to change?
Options for the new innovation set up
Impacts on the company/functions
A solution, e.g Bus Model to suit your company
Ideation/New Concepts/Portfolio generation
Team effectiveness, trust, productivity, results
Transformation execution
Global Rollout/Portfolio mgt
Are you a Digital Transformation leader? Can you create a high-performance strategy in the digital age? Have you got what it takes to avoid the tumbling barrels of distracting digital tactics, over hyped technology or the belief that your market is immune to disruption? Have you allocated the right resources to deliver a focused plan of transformation?
Beginners guide digital transformation zaitoon digital agencyZaitoonagency
Digital Transformation has resulted in fundamental changes in how a business operates and the value they deliver to their customers.
Download the ebook to get the insights of technology trends for Digital Transformation.
Disruptive Behavior is the new black, so to speak. At this day and age when technology and globalization continue to change the way we see and experience things, when customers behaviors evolve rapidly and business environments go through a dynamic change- disruptive behavior is the new normal.
Introducing Acquia’s DXP Vision, Strategy, Renaming, and RepackagingAcquia
Please join Acquia’s executive team as they share with partners how Acquia’s new product strategy will help the partner community build more sales opportunities and revenue growth. You will come away from this webinar knowing:
Acquia’s vision, strategy, and opportunity in the DXP market
How our products and roadmap will achieve this vision
What our new product branding and packages are, and how these map to the old branding and packages
New services opportunities available to partners
New partner selling tools now available
*Register and receive a $15 Voucher. Available to Acquia’s Partner employees only. Must attend to use the voucher.
A knowledge session conducted at BHIVE and its connected workspace fraternity drawn from amongst startups to SMBs and large companies - the focus was to provide an understanding of what it means to embark on Digital Transformation for the Enterprise and then for each one of us as Individuals. Digital as a term is used very loosely and it's time to dispel some of the myths.
For the reader, know that this provides a high level perspective and is by no means intended to completely address the topic of Digital Transformation. There's also a section on what it means for individuals to continually evolve their brand, and this is also constantly changing as newer tools of relevance emerge.
This piece of work was presented mostly in a personal capacity, and the document has attributes and citations where needed.
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/
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The Risk of Not Innovating is the Greatest Risk in the Digital Era
1. How does the inability to
digitally transform pose as the
greatest risk in the digital era
@fayaz_king African Business School
with Fayaz King
www.fayazking.co.zwFayaz King
2. 2
Agenda |
Digital Transformation…
0
The Digital Era
What is digital transformation?
Emerging Disruptive Technologies
Why Digitally Transform
Digital Transformation Benefits
Risks associated with not digitizing
...the journey to Future Proofing your business.
3. The Digital Era | Technological Transformation…1
... In its scale, scope, and complexity, the transformation will be unlike anything humankind has experienced before…
1st
2nd
3rd
4th
Water And Steam
Power To Mechanized
Production
Hard-working, competitive, loyal,
confident1
1800s 1965-1980 1981-2000 2001-Current
Anti-authority, individualistic,
self-reliant
Confident, attention seeking, digital
thinkers, entitled
Realistic, creative,
hyper-connected
Electric Power To
Create Mass
Production
Electronics and
information technology to
automate production.
The Digital Age
Generation X
Generation Y
4. What is Digit..???|
Successful businesses constantly evolve
2
Digitization
The Process of making
information available and
accessible in a digital format
Digitalization
The Process of considering
how to best apply digitized
information to simplify
specific operations
Digital Transformation
The Process of devising new
business applications that
integrate all the digitised data
and digitalised applications
321
…At least 40% of all businesses will die in the next 10
years… if they don’t figure out how to change their entire
company to accommodate new technologies
…. in line with positive global trends.
5. Emerging Disruptive Technologies |The Drivers of Change
Mobile-first to
AI-first
Personalisation
& customisation
Personal Data
Value Platforms
Huge Growth in
the as-a service
model
Sustainability
becomes a major
feature in
innovation
Voice based virtual
assistants become
ubiquitous
Steps towards
Industry 4.0 and
the factory of the
future
Block chain
comes of age
Improved decision
making with
prescriptive
analytics
Research in Genetics
alteration CRISPR
Convergence due to
new business models
& Technology
Commercial
drones and UAVs
Increased cross
sector innovation
Growing interest
in digital twins
Spatial Computing
augments the real
world
Renewables and
Clean Energy near
tipping point
IoT
3D Printing
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
3
6. 6
‘Innovation = life’ when you court early adopters
In newly emerging markets—be they as high-tech as augmented reality or as low-tech as
fashion—the answer is obvious. Innovation is occurring all around you; those who do not
innovate enough will be left behind. The challenge here is to stay ahead of everyone else.
Allows you to ‘cross the chasm’
When you are entering the tornado (i.e., when demand takes off and the top leaders are
established), the speed of change requires innovation to shift from creation to speeding and
scaling execution. You need to be able to out-market, out-deliver and out-support the
competition. If not you will find yourself as Chimp (or worse).
Keeps leaders on top
When you are the leader, everyone is aiming to displace you. Innovation in marketing and
promotion will keep demand for your product fresh. Innovation in partnerships and
distribution will create barriers to block you competition. The challenge is ensuring your
teams know they have to keep innovating once they have reached the top.
It is the only way to disrupt the leader
The familiarity and market share of leaders gives them enormous advantages in terms of
cost of sales, speed of sale, distribution, etc. If you are smaller, you cannot disrupt a market
leader by being playing “me-too” (unless the leader makes a big mistake). You need to
“change the market” by meeting needs your customers did not realise they had or delivering
in ways established “leaders” cannot match.
It is the only way to ensure business sustainability
As a business you need the foster disruptive innovation to ensure your remain a leader in the
future. If you do not invent the future, someone else will—moving your market to a place
where they lead (and you do not). If you want to avoid this, you have two option (ones that
need not be mutually exclusive): 1) create incubation teams to innovate the future or 2)
acquire proven innovators (this can be expensive).
Why Digitally Transform |
Self Disrupting…
….to build agility & resilience creating a
competitive advantage
4
7. Digital Transformation Benefits |
Evolving to…
5
…. Position the business to deliver value
Source: Capgemini Consulting Digital Transformation
Customer Experience
Customer Understanding
1. Analytics based segmentation
2. Socially informed knowledge
Top Line growth
1. Digitally Enhanced Selling
2. Predictive Marketing
3. Streamlined Customer Processes
Customer Touch Points
1. Customer Service
2. Cross Channel coherence
3. Self Service
Operational Process
Process Digitization
1. Performance Improvement
2. New features
Work Enablement
1. Working anywhere anytime
2. Broader & faster
communication
3. Community knowledge sharing
Performance
Management1. Operational Transparency
2. Data-driven decision-making
Business Model
Digitally Modified Businesses
1. Product/service augmentation
2. Transitioning physical to digital
New Digital Business
1. Digital Products
2. Reshaping organisational boundaries
Digital Globalisation
1. Enterprise Integration
2. Redistribution decision authority
3. Shared digital services
Digital Capabilities• Unified data & Processes
• Analytics Capability
• Business & IT Integration
• Solution Delivery
8. Risks of not going digital|
The biggest risk is doing nothing at all
6
… without digital transformation, companies risk losing customer interest, market share, and
eventually revenue streams
Struggle to retain
(and hire)
valuable staff
Risk market
share
Stifle company
and revenue
growth
Inability to measure
what matters
(analytics)
Lose
relevance
Competitive
disadvantage
Miss out on
social selling
opportunities
Failure to meet
customers’
evolving needs
Fail to gain a
learning advantage
See costs
increase
321 4 5
876 9 10