Wednesday, September 22, 2021

g-f(2)510 The Big Picture of the Digital Age (9/22/2021), geniouxfacts, Learning how to make your digital transformation successful


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"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital ageDigital transformation (9/22/2021)  g-f(2)426 

Opportunity


Why Are Some Companies Better At Digital Transformation?, Forbes 
    • Success leaves clues. Companies with successful digital transformations do several things better. The executives own the digital initiative. The team sets compelling goals. Their customers take part in their projects. The track project performance. When things slip, they take predetermined steps to correct the course. Digital programs with significant challenges miss one of these ingredients of success.
    • Why Are Some Companies Better At Digital Transformation?, Tamas Hevizi, September 20, 2021, Forbes.


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    Opportunity, The 4 Tiers of Digital Transformation, HBR 
      • It’s easy to acknowledge the game-changing role digital technologies are playing in the modern economy. The challenge, to which most companies have yet to rise, is figuring out how to fully capture the different kinds of value that these technologies offer.
      • The full range of value that digital technologies can offer highlights the strategic advantages available at a different tier of digital transformation.
        • Tier One: Operational efficiencies.
        • Tier Two: Advanced operational efficiencies. 
        • Tier Three: Data-driven services from value chains.
        • Tier Four: Data-driven services from digital platforms.
      • Of course, not every firm will want or be able to engage in transformations on all of the four tiers discussed in this article. Some may opt to focus on just one or a few — but every firm must nonetheless remain aware of the expanding universe of new possibilities. Opportunities abound, and a thoughtful digital-transformation strategy, based on the framework presented here, will help companies remain relevant in the modern world.
      • The 4 Tiers of Digital Transformation, Mohan Subramaniam, September 21, 2021, Harvard Business Review, BR.

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      Alert, Digital Transformation: Do or Die for American Banks, Traders Magazine
      • America’s banks are facing a new wave of digital transformation that is almost impossible to achieve with their current systems. 
      • There is no room for shortcuts this time – if they don’t invest in overhauling their digital capabilities from the bottom up, U.S. banks might not survive the next decade.
      • The solution lies in building consolidated platforms, particularly for smaller institutions with tighter budgets. Third-party providers will be able to get banks’ estates up to scratch more quickly, consistently and affordably, often while absorbing much of the associated risk. 
      • Digital Transformation: Do or Die for American Banks, Guy Warren, September 22, 2021, Traders Magazine.
      Opportunity, Digital transformation: 4 tips to improve your speed, The Enterprisers Project 
        • Digital transformation has become a buzzword, referring to anything from Artificial Intelligence (AI) and machine learning to cloud migration. How your organization defines it depends on your unique goals and business objectives. But transformation is no longer optional – it is necessary to stay competitive in the modern economy.
        • Here are four ways you can accelerate your digital transformation efforts:
          1. Bypass the pilot program – focus on the minimum viable product
          2. Track your speed
          3. Listen to your teams' feedback
          4. Pivot your thinking on goals and change


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        • Category 2: The Big Picture of the Digital Age
        • [genioux fact deduced or extracted from geniouxfacts]
        • This is a “genioux fact fast solution.”
        • Tag Opportunities those travelling at high speed on GKPath
        • 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.


        References


        “genioux facts”: The online programme on MASTERING “THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)510, Fernando Machuca, September 22, 2021, blog.geniouxfacts.com.


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