Extra-condensed knowledge

g-f(2)150 THE BIG PICTURE OF THE DIGITAL AGE, Forbes, How To Succeed At Digital Transformation.

To succeed at digital transformation the whole of the business needs to be involved. It requires radical redesign, then deployment, of business models, activities, processes, and competencies to fully leverage the opportunities that digital technologies can offer.

g-f(2)100 The Big Picture of the Digital Age, MIT SMR, LEADERSHIP’S DIGITAL TRANSFORMATION. Leading Purposefully in an Era of Context Collapse.

Efforts to lead digital transformation are unlikely to be effective without a leader’s own affective digital transformation — one that makes purpose, engagement, and fairness as important to workplace success as data-driven agility and productivity.

g-f(2)144 THE BIG PICTURE OF THE DIGITAL AGE, Accenture, Technology Vision 2021. Leaders Wanted. Masters of Change at a Moment of Truth.

Companies are no longer strictly competing for market share; they are competing to build their vision of the future faster than the competition. Success will depend on their ability to accelerate and master change in all parts of their business, which in turn will be a direct function of the technology decisions they make today.

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Condensed knowledge

g-f(2)150 THE BIG PICTURE OF THE DIGITAL AGE, Forbes, How To Succeed At Digital Transformation.

By 2021, if you exclude the “born digital” and the obvious hi-tech companies, few have become digital businesses.
To succeed at digital transformation the whole of the business needs to be involved.

It requires radical redesign, then deployment, of business models, activities, processes, and competencies to fully leverage the opportunities that digital technologies can offer.

People are crucial, as is transformative leadership, a digital talent mindset and becoming an organization that attracts digital talent.
There is no technology – let alone a disparate set of technologies – that is a silver bullet.

g-f(2)100 The Big Picture of the Digital Age, MIT SMR, LEADERSHIP’S DIGITAL TRANSFORMATION. Leading Purposefully in an Era of Context Collapse.

Leaders need to be more, as well as do more, digitally.
Efforts to lead digital transformation are unlikely to be effective without a leader’s own affective digital transformation — one that makes purpose, engagement, and fairness as important to workplace success as data-driven agility and productivity.
This affective rewiring puts a new premium on articulating and committing to corporate values.

g-f(2)144 THE BIG PICTURE OF THE DIGITAL AGE, Accenture, Technology Vision 2021. Leaders Wanted. Masters of Change at a Moment of Truth.

A recent study revealed that digital leaders (the top 10 percent of companies leading technology innovation) achieve 2–3x revenue growth as compared to their competitors—a widening divide that Accenture calls the “Digital Achievement Gap.”

g-f(2)67 THE BIG PICTURE OF THE DIGITAL AGE: WSJ, The technology giants lead the pack of the country’s best-run companies

Tech stalwarts have remained in the uppermost echelon of the Management Top 250, an annual ranking based on the principles of the late management guru Peter Drucker.
In the 2020 lineup, Microsoft Corp. unseated Amazon.com as No. 1 by performing consistently well across each of the five main components of the overall ranking compiled by researchers at Claremont Graduate University’s Drucker Institute: customer satisfaction, employee engagement and development, innovation, social responsibility and financial strength.

g-f(2)146 THE BIG PICTURE OF THE DIGITAL AGE, Nikkei ASIA, Japan digital transformation can boost GDP by $735bn: ACCJ

Japan can add up to 78 trillion yen ($735 billion) to its economy by 2030 through a series of bold moves to accelerate digital transformation, according to a U.S. industry body in Japan.
The recommendations were outlined on Thursday in a white paper jointly produced by the American Chamber of Commerce in Japan and McKinsey and Company Japan, and sponsored by Amazon, Apple, Microsoft and Facebook, among others.

g-f(2)144 THE BIG PICTURE OF THE DIGITAL AGE, Accenture, Technology Vision 2021. Leaders Wanted. Masters of Change at a Moment of Truth.

Perpetual change is here to stay, and leaders must not only embrace it, but catalyze it.
As the saying goes: The best way to predict the future is to invent it.

Prioritizing technology is essential to ensuring the enterprise doesn’t fall behind.
However, true leadership will come from companies embracing radically different mindsets and models.
The world has been beset by sweeping change and demands leadership that thinks boldly in response.

Companies are no longer strictly competing for market share; they are competing to build their vision of the future faster than the competition. Success will depend on their ability to accelerate and master change in all parts of their business, which in turn will be a direct function of the technology decisions they make today.

g-f(2)115 THE BIG PICTURE OF THE DIGITAL AGE, Forbes, Zen And The Art Of Digital Transformation.

The companies that arrived on the scene to dominate the 21st century were indeed moving quickly, but they were “thinking” slowly.
Success in the digital environment requires a different kind of assumption — an assumption that you don’t know.

g-f(2)98 THE BIG PICTURE OF THE DIGITAL AGE, HBR, Digital Transformation (DT) Is Not About Technology.

2018. Of the $1.3 trillion that was spent on DT, it was estimated that $900 billion went to waste.
March 2019. Yet 70% of all DT initiatives do not reach their goals.
Companies put the cart before the horse, focusing on a specific technology (“we need a machine-learning strategy!”) rather than doing the hard work of fitting the change into the overall business strategy first.

g-f(2)82 THE BIG PICTURE OF THE DIGITAL AGE, MIT TASK FORCE ON THE WORK OF THE FUTURE, AI Today, and the General Intelligence of Work.

Most of the AI deployed today, while novel and impressive, still falls under a category of “specialized AI.”
Artificial general intelligence (AGI), the idea of a truly artificial human-like brain, remains a topic of deep research interest but a goal that experts agree is far in the future.
The ability to adapt to entirely novel situations is still an enormous challenge for AI and robotics, a key reason for companies’ continued reliance on human workers for a variety of tasks.
From a work perspective, these technologies tend to be task oriented, that is they execute limited sets of tasks, more than the full set of activities comprising an occupation.

g-f(2)55 The Big Picture of Digital Transformation (1/1/2021) in a Single “g-f KBP” Chart

MASTER “THE BIG PICTURE OF THE DIGITAL AGE” to increase the chances of a successful Digital Transformation

The Digital Age as a source of disruptions that are transforming the world makes a holistic vision extraordinarily necessary to fully understand its challenges, opportunities and risks for individuals, businesses, organizations of any kind and for peoples, cities, states, and countries.
The technological and multidisciplinary knowledge to achieve a successful Digital Transformation evolves day by day.
Digital Transformation grows increasingly complex, competitive advantages have evolved and it is needed a more systematic approach to strategy and execution.
Advances in a host of technologies, such as the internet of things, artificial intelligence, virtual and augmented reality, and 5G, have opened new avenues for value creation.
Only 10% of companies obtain significant financial benefits from artificial intelligence technologies. Companies obtain significant financial benefits from AI when the strategic focus is organizational learning, not just machine learning.

Category 2: The Big Picture of the Digital Age

[genioux fact produced, deduced or extracted from geniouxfacts]

Type of essential knowledge of this “genioux fact”: Essential Analyzed Knowledge (EAK).

Type of validity of the "genioux fact".

Inherited from sources + Supported by the knowledge of one or more experts + Supported by research.

Authors of the genioux fact

Fernando Machuca

References

“genioux facts”: The online programme on MASTERING “THE BIG PICTURE OF THE DIGITAL AGE”, Fernando Machuca, March 1, 2021, blog.geniouxfacts.com, geniouxfacts.com, Genioux.com Corporation.

ABOUT THE AUTHORS

Fernando Machuca

CEO ‎Genioux.com Corporation

PhD with awarded honors in computer science in France

Fernando is the director of "genioux facts". He is the entrepreneur, researcher and professor who has a disruptive proposal in The Digital Age to improve the world and reduce poverty + ignorance + violence. A critical piece of the solution puzzle is "genioux facts". The Innovation Value of "genioux facts" is exceptional for individuals, companies and any kind of organization.