Sunday, March 12, 2017

“Digital Master” Book Monthly Tuning: The Philosophy, Capability, and Status of Digital Transformation Mar. 2017

Digital transformation represents a break from the past, with a high level of impact and complexity.

Digital makes a significant impact on every aspect of the business from people, process to technology, both horizontally and vertically. Digital becomes the very fabric of high performing business, being outside-in and customer-centric is the new mantra for forward-looking and high mature digital organizations today. At the heart of digital, it is people and how to build a customer-centric organization. But how to assess the digital fitness of your organization for such a paradigm shift.

The Philosophy, Capability, and Status of Digital Transformation  Mar. 2017

  • The Philosophy, Psychology, and Technology behind Digital Transformation? Digital transformation represents a break from the past, with a high level of impact and complexity,  Transformation efforts need to be undertaken as the means of getting to a differentiated capability to accomplish a defined goal. It is important to leverage multidisciplinary knowledge as well as taking a structural approach to making radical changes in the underlying processes and functions. Here are philosophy, psychology, and technology behind the digital transformation.

  • Five Dimensions of Digital Capability Business Capabilities are the abilities to produce specific goods or services for serving customers, gaining market shares, and building business competency. They are essentially underpinned by business processes that are embodied in the knowledge capital of a digital organization. Organization’s capabilities are business competency to execute its strategy and deliver value to its customers. There are both utility capability and differentiated capability which make the different level of impact on the business growth and maturity. Here are five dimensions of digital capability.
  • Monitor the Digital Pulse of Organizations The multidimensional digital transformation provides impressive advantages in terms of the speed of delivering solutions and ability of adapting to changes. The effects of an increasingly digitalized world are now reaching into every corner of businesses and every aspect of organizations. Digital businesses nowadays are fast, always “on,” highly connected, interdependent, and ultra-competitive. Digital transformation is not a one-time project or a stand-alone initiative; it is a continuous journey to adapt to the new normal of the business world. As the business executive, how can you monitor the digital pulse of your company in order to lead changes steadfastly and manage the business effectively?

  • Is your Organization in the Progress, Plateau or Stagnation of Digital Transformation? Digital makes a significant impact on every aspect of the business from people, process to technology both horizontally and vertically. However, businesses evolve changes at a different speed because they are at the different stage of the business life cycle, as well as they are in the different level of business maturity. Hence, in order to lead change effectively, business leaders should do the check-up continuously: Is your organization in the progress, plateau or stagnation of digital transformation? And how to create the momentum and lead change more effortlessly?

  • A Dozen of Key Ingredients of Digital Philosophy: Digital makes a significant impact on every aspect of the business from people, communication to process and capability both horizontally and vertically. Digital is the age elevated by the fast growth of information and lightweight digital technologies. Both science and technology are grounded in philosophy. Philosophy is a Greek portmanteau of the love of wisdom. Understanding digital philosophy is to better understand the evolution and harness its power to serve human purposes, and design the institutions and societies to be a well-balanced digital ecosystem with the abundance of energy and sustainable advantages. Here is a dozen of key ingredients of digital philosophy.

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