Friday, June 12, 2020

The Monthly Foresight: Trends and Patterns of Digitalization June 2020

Organization of the Future is an organization designed openly for anyone with ideas on how human organizations ought to be contrived in the face of the “VUCA” digital new normal.

The effects of an increasingly digitized world are now reaching into every corner of businesses and every aspect of organizations. Digital is the age of creativity and innovation, creativity is the most desired trait for digital leaders and professionals today, and innovation is the light every organization is pursuing. 

Which themes shall you set to advocate digital transformation? How to lead toward the digital future effortlessly?

    Trends & Patterns of Digitalization 

Shaping Digital Business by Looking Back, Current, and Future As changes are expedited for both individual and business, neither business nor life is linear these days. The life cycle of business today grows shorter and shorter because of continuous digital disruptions and fierce competition. It takes truly strategic thinking and foresight to run a high-performance digital business by learning the lessons from the past, achieving operational excellence today, making long term planning, and building differentiated competency for the future.

Develop Breakthrough Business Models by Trending Emerging Technology When we jump into the digital future of “VUCA” new normal –volatility, uncertainty, complexity, and ambiguity, organizational leaders should be able to envision and determine what the future needs to look like, what the transformation must look like? Can information technology help to design new business models? Is the business model scaling the right way to achieve the strategic objectives? And how to take the wise steps for evolving the emerging digital information technology to develop breakthrough business models and innovation?

Five Trends to Shape Up the Digital Board Businesses large or small across the industrial sectors are on the long journey of digital transformation. Metaphorically, the company is like a ship, the sea is the ecosystem environment, the old world is about the past, and the new digital world is about the future. The corporate board takes tremendous responsibilities for steering the business ship through uncharted water, so you don't have many choices but to change your sails to move forward in the right direction. The path for digital transformation can be iterative, evolutionary, revolutionary, or disruptive, can you predict the future trends, and catch the upcoming tides, shape up the digital board for leading change confidently?

The Emerging Trends as Digital Shaper In the world where change is significantly speeding up, organizations large or small are jumping into the digital future of “VUCA” new normal –volatility, uncertainty, complexity, and ambiguity. Business leaders couldn’t predict the future with a certain degree of accuracy. The business strategy can no longer stay static, and the business goals can no longer be well framed in advance. The emergent trends can shape the behavior of future enterprises and some have been happening already. How can digital leaders predict those trends, proactively influence changes and gain long-term business advantages?

Running a Future-Driven Digital Organization Digital organizations are the living systems that keep growing and maturing. Organization of the Future is an organization designed openly for anyone with ideas on how human organizations ought to be contrived in the face of the “VUCA” digital new normal, hyperconnectivity, and fierce competition. Reimagining the future of business is exciting, but investigating the different path for unlocking business performance and potential needs to take a systematic approach and develop it into a more solid form. 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 future-driven digital organization.

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