Friday, January 19, 2018

The Monthly Insight of “Digital Balance”: Interdependence as the Digital Characteristic Jan, 2018

We are experiencing the dynamics of the most significant business transformation since the industrial revolution. The majority of us will work in an organization that is somewhere between old and new; at both industrial speed and digital speed; It is more critical than ever to maintain the right level of digital balance. In fact, striking the right digital balance is a never-ending business life cycle.


 Interdependence as the Digital Characteristic

The “Interdependence” Characteristic of Digital Organizations Digital makes a significant impact on almost every aspect of the business from people, process, to technology, both horizontally and vertically. It does make a smaller world, but also makes businesses and the world super complex and full of uncertainty and ambiguity. Due to the latest digital technologies such as social and mobile, the business and world are always on and have become hyper-connected and interdependent. What’s further understanding of interdependence as one of the significant characteristics in the emergent digital era?

Three Digital Characteristics to Accelerate Change Digital makes a significant impact on almost every aspect of the business from people, process to technology, both horizontally and vertically. The digital transformation is now spreading rapidly to enable organizations of all shapes and sizes to reinvent themselves. The purpose of such radical digitalization is to make a significant difference in improving organizational efficiency, effectiveness, responsiveness, and maturity. There are three needs in an organizational setting which are embedded in the format of digital “characteristics,” to accelerate business transformation.

Digital Master Tuning #57: The Digital Dimensions of Organizational Structure: Digital means change, choice, speed, and customer-centricity. One of the key business competencies is agility, which is the capability to adapt to the changes; and the ability to manage complexity more effectively than competitors provides a competitive advantage. From an organizational structure perspective, how can you fine tune the digital dimensions of your organizational development?

The Interdependent Thinking: What’s your System Thinking of the World One of the significant characteristics of emerging digital era is interdependence, due to the latest digital technologies such as social and mobile, the business and world have become hyper-connected and interdependent, it does make a smaller world, but also makes businesses and the world super complex and full of uncertainty and ambiguity. Hence, in order to solve both strategic and technical problems facing in business and overcome the challenges facing mankind, the interdependent thinking shall be practiced, it is about how you apply system thinking to viewing the world and an interconnected and interdependent whole; and how to follow systems principles for solving problems under complex, uncertain and ambiguous circumstances?

CIOs as "Chief Insight Officer": The Modern CIOs’ Digital Mantra - Go Deeper to Lead Forward? Organizations large or small are stepping into the deep, deep digital new normal with the overwhelming growth of information, continuous technological disruptions, as well as the VUCA” digital characteristics. The pace of changes in IT would force more CIOs to shift into transformation-oriented digital leadership roles because IT plays a significant role in driving the digital transformation of the company. Contemporary CIOs need to have multiple personas, explore the breadth and depth of the role and go deeper in order to lead forward.


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