Saturday, September 21, 2019

The Monthly “Change Agent CIO” Book Tuning: IT Led Digital Transformation Sep. 2019

 To run a high performance business for the long term, companies must learn how to master information technology, make proactive preparation for dealing with continuous digital disruptions. 

Change is inevitable, organizational change has become a common practice within an organization, but too often changes are made as a reaction to outer impulses, crisis, and demands. This is the bureaucracy’s way of meeting the challenges. A digital transformation is achieved via dynamic Strategy-Execution-Change lifecycle management, though it is not all linear steps, but an iterative, ongoing and upgoing change continuum. What are digital CIO’s profiles and how to reboot IT to get digital ready and cultivate the culture of learning and innovating?


  IT Led Digital Transformation 

Master IT to Lead Digital Transformation Today, the emerging technological trends and overwhelming growth of information make significant impact on how we think, live, and work; disrupt not only the business boundary but also the industrial boundary and geographical boundary. IT matters more not only because it’s pervasive but also because it continues to advance and its nature of the "constructive disruption.” To run a high performance business for the long term, companies must learn how to master information technology, make proactive preparation for dealing with continuous digital disruptions and adapting to the digital new normal with high velocity and fierce competitions.

Three Aspects of IT Led Digital Transformation Digital becomes the very fabric of high performing businesses, being outside-in and customer-centric is the new mantra for forward-looking and high mature digital organizations today. To stay competitive, companies must go beyond just experimenting with some digital technologies and commit to transforming themselves into a fully digital business powerhouse. IT also plays a pivotal role in leading a digital transformation in their organizations. Because IT oversees business processes, it can help to weave all these important business elements such as people, underlying processes, and functions into the building blocks of business capabilities and manage the business strategy effectively. Here are three aspects of IT led digital transformation.

The Promises and Perils of IT-Driven Digital Transformation In today's world, information & technology is driving the digital paradigm shift. Unlike previous eras during which business transformation was driven by business ideas. This is a golden opportunity for CIOs to lead the way by enabling change, optimizing business processes, catalyzing digital transformation, and governing risk management that's going viral in the enterprise. The journey will not be so smooth, there are many curves and bumps on the road, and here are the promises and perils of IT-driven digital transformation.

CIOs as Digital Leaders: Three IT-Led “Digital Charms” Digital transformation is the unstoppable trend. Digital charm is not based on the style (fancy web presence or fashionable gadgets) only float on the surface but based on the set of unique business capabilities. Because fashion will fade away, but the trend will turn into reality. Digitalization implies the full-scale changes in the way business is conducted so that simply adopting a new digital technology is insufficient. You have to transform the company's underlying functions and organization as a whole with adjusted digital speed. Because often technology is the disruptive force of digital innovation, and the information is the gold mine organizations need to dig for capturing the next business growth opportunities. Hence, Information Technology should be seen by any business as a “digital transformer” and strategy enabler. Here are three IT-led digital charms.

Shaping IT from a Change Laggard to Digital Trendsetter Traditional IT organizations are often inside-out operation-driven, mechanical and monolithic, it’s perceived by business as a controller and change laggard. Because in many cases, the business continues to evolve faster in grasping the market share and winning new customers, but sometimes failed due to lack of real-time information to capture business foresight and customer insight. With the exponential growth of information and often technology-led disruptions, IT has evolved significantly in running the business today, IT also faces an unprecedented opportunity to refine its reputation from a change laggard to the trendsetters of the digital organization.

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