Sunday, October 4, 2020

The Monthly “Digital Master” Book Tuning: Build an Intelligent Business Oct 2020

 Today’s businesses are dynamic and complex, they have to keep improving their cognitive ability to solve tough problems and implement great ideas successfully. 

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.

Build an “Intelligent Business” 

Build a "Smart Organization" via Intelligence Amplification With “VUCA” digital new normal, often the answer to many business questions is not just “right,” or “wrong,” but there are many shades in between. Business intelligence is about managing information to gain insight into the organization in making effective decisions and achieve information value scientifically.

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.

Digital Shift: An Intelligent Enterprise Information is the lifeblood of the digital business; more and more organizations are declaring they are in an information and technology business, more & more organizations have ‘digital ambition’ to become a customer-centric business, ecologic business and intelligent business. Analytics becomes a decision discipline and innovation engine to pursue high performance in high mature intelligent enterprises. It pervasively explores BI/analytics applications cross-enterprise scope to improve business agility and results. It is not about the ‘cleverness’ of one BI team or one IT function, the intelligence becomes the nature of the entire business and permeates into all key business processes, the analytics becomes a key capability to impact the business’s survival and thriving.

Knowledge as the Business Consciousness and Intangible Asset of the Organization Knowledge is power; knowledge is more intangible, complex and dynamic compared to the physical asset. Due to the exponential growth of information, the multitude of information format, and risk/compliance concerns; managing knowledge becomes more challenging but critical for running a smart business. Knowledge Management should take a holistic approach by thinking knowledge as the business consciousness and treating knowledge as an intangible asset of the organization.

Build a Cognitive Digital Business to Unleash its Potential The effects of an increasingly digitized world are now reaching into every aspect of organizations. Today’s businesses are dynamic and complex, they have to keep improving their cognitive ability to solve tough problems and implement great ideas successfully. Either at the individual or organizational level, cognition involves exploring a variety of meanings, absorbing and digesting information from varying sources, it’s a sort of perception and insight. Digital organizations are information oriented and people-centric, it’s important to improve their collective cognitive maturity to accelerate business performance and unleash its full potential.

The “Future of CIO” Blog has reached 3 million page views with about 7200+ 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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