Thursday, April 2, 2020

The Monthly “Digital Master” Book Tuning: Raise the "Digital IQ" of the Organization Apr. 2020

The ever-evolving digital organization with high digital IQ understands the value of information, fine-tunes smart processes, develops the intelligent workforce, and achieves measurable business profitability.

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.


Digital Master refers to those high-performing, highly innovative and high-mature (less than 15%) digital organizations; they have both clear digital vision and well-crafted digital strategy; they are courageous to be in the vanguard of digital transformation with a quantum lead.

Digital leaders must realize that you cannot wait until there is an immediate pressing task, continuous adaptability is necessary in an ever-changing world, in order to run a high mature digital organization.


Raise the "Digital IQ" of the Organization  


Raise the Digital IQ of the Organization With rapid changes, the exponential growth of information and continuous disruptions, the beauty of the digital landscape is the fresh insight of the great architectural design and business ecosystem dynamic. Organizations today need nothing less than a paradigm shift in their thinking about the fundamentals of how organizations work, as well as how to build an ever-evolving digital organization with high digital IQ - understanding the value of information, fine-tuning smart processes, developing the intelligent workforce, and achieving measurable business profitability.

"Digitizing Boardroom" Book Tuning: The Digital Savvy Board with High “Tech IQ Although Information Technology nowadays makes significant impacts on almost every aspect of the business, there is still a propensity to try to make the technology changes "go away" or to ignore them. The matter of fact is that the changes sweeping the world are hugely disruptive and there is nowhere to hide. While directors bring many competencies to the table, most do not have access to information about technology-driven innovation and its potential related to the businesses they oversee. So how to build the board with high “tech IQ,” to produce a wave of response at board level, improve directorship effectiveness and innovate digital leadership?

Running IT with High Digital “IQ” Organizations across industrial sectors are on the journey of digital transformation. Digital IQ is a measure of how well companies understand the value of technology and weaves it into the fabric of their organizations. Therefore, the assessment of the digital maturity of an organization includes: Can your company rely on an IT system that is a commodity (standardized usage of technologies), or is the IT system the core of your business? The approach depends on the company business and the role that IT plays in defining its positioning in the market. Here are three “I” aspects of fine-tuning digital IQ of IT and overall business:

Building the Bona Fide Strength of Digital BusinessWith rapid changes and overwhelming growth of information, neither business nor life is linear or static these days. The digital organization’s long-term advantage is based on its unique strength which can be built and stretched through the combination of talent, resources, processes, and technologies to perform a set of business activities and achieve high-performance business results. Here are three efforts to build the bona fide strength of the digital business.

Running IT with both High Digital “IQ” and “EQ At the individual level, we know that leadership effectiveness is based on the good combination of “IQ +EQ” (and beyond at today’s digital new normal with “VUCA” characteristics); at the business level, how agile and mature the organization is also based on how “intellectual” it can make effective decisions, detect the growth opportunities and manage risks, as well as how excellent it can adapt to changes via the collective mindsets and attitudes (Culture). From IT management perspective, how to run digital IT as a “digital brain” of the business with both high “IQ” and “EQ” traits?

The “Future of CIO” Blog has reached 3 million page views with about 6600+ blog posting in 59+ different categories of leadership, management, strategy, digitalization, change/talent, etc. The content richness is not for its own sake, but to convey the vision and share the wisdom. Blogging is not about writing, but about thinking; it’s not just about WHAT to say, but about WHY to say, and HOW to say it. It reflects the color and shade of your thought patterns, and it indicates the peaks and curves of your thinking waves. Unlike pure entertainment, quality and professional content takes time for digesting, contemplation and engaging, and therefore, it takes time to attract the "hungry minds" and the "deep souls." It’s the journey to amplify your voice, deepen your digital footprints, and match your way for human progression.

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