Creating an effective digital change framework
This blog, will share the digital change framework that has been evolved at Digital Works Group to help businesses deliver successful digital transformation.
What you will learn in this blog:
So, you are into e-commerce & struggle to keep up with Amazon (which boasts the #1 app among Millennials and Centennials and made over $ 43 billion in Q3 2017)? Don’t worry, your competitors face exactly the same problems – and turn to Artificial Intelligence to solve them. Discover how using e-commerce AI solutions can help you deliver the ultimate shopping experience, reduce operating and staffing costs and boost revenue.
Digital evolution is an ongoing journey for every business.
Gone are the days of saying that you have ‘done’ digital after a major technology overhaul. Instead, it is an evolution to transition and optimise your business continually. Even digitally native companies know that they have to innovate and stay ahead of the game because of growing disruption and rapid technological change.
Michael Porter, the famous Harvard Strategy Professor said “If we’re satisfied with vague strengths and weakness lists, we’re not thinking very clearly about strategy”. “There’s a distinction between operational effectiveness and strategic positioning”.
“Should we be on the cloud or have our own servers? That’s an operational effectiveness question. What we understand is that operational effectiveness is not strategy”.
Smart business leaders are waking up to the fact that the fourth industrial revolution is here. This is driven by the widespread adoption of technology, disruptive innovation and rapidly changing consumer behaviour.
The pace of change means that it cannot be ignored – A business’s very survival is dependent on getting digital transformation ‘right’.
We only have to look at statistics like these:
If the Internet is a free-for-all, and with the Internet of Things we’re putting the entire world on the Internet, what does that make us? Fish in a barrel? J.M. Porpup
In today’s world, it is emerging tech that enables companies to cut operating costs, boost productivity and deliver the ultimate customer experience. Artificial Intelligence is one of these game-changing tools and currently tops Gartner’s Strategic Technology Trends list. How to leverage the power of AI for business growth – and is the game actually worse the candle?
Digital transformation starts with a change in mindset. How much time and resource should an organisation commit to making that mind shift?
It’s said that “strategy is where we create our competitive advantage”. How much money, how much time and how many people are dedicated to finding a new competitive advantage?
“Culture eats strategy for breakfast” according to Peter Drucker. How much of your business resource is invested in changing that culture?
In 2013, a sophisticated Trojan known as “Shylock” was unleashed on millions of unsuspecting online banking customers. Its modus operandi was to stealthily install itself onto a computer and await banking transactions, upon which it drained the funds out of its victim’s accounts. Not only was this Trojan highly intelligent, but it also had strong self-preservation instincts.
In the 5 Change Blocks of Digital Transformation, we highlight the ‘process of innovation’ as a key element. But what do we mean by “innovation”?
