Posts

Showing posts from August, 2016

Digital Transformation and the First Law of Thermodynamics

Image
The First Law of Thermodynamics states, "energy can be changed from one form to another, but it cannot be created or destroyed.”  In a business context that can be interpreted to mean if energy is being used to resist change, then it is not available for making change.  Change is difficult.  The default mode for most organizations and people is to resist change. Blockbusters’ own board resisted digital and business model transformation out of concern for short-term profits, which doomed it.  Businesses that can direct energy to fast and positive transformation can exploit many more opportunities than enterprises mired in resistance. Digital transformation and business agility are increasingly important in order to succeed, and both of these consume energy in the form of resources, available funds, credit, skills, change resistance, leadership, mental and emotional energy, time, etc. Enterprises need a method by which they can measure and monitor the amount of energy they have

Digitally Transform and Jettison the Baggage

Image
Organizations today must transform themselves and jettison the heavy baggage that comes as a result of decades of institutionalized methodologies and paradigms, developed and codified in an analog era - an era operating at a far slower operational tempo. Enterprises must recognize that the pace of business, and the pace of change in a digital world surpasses anything yet experienced.  We must recognize the new digital realities, and look for guidance from industries that have already experienced rapid technology and digital transformation. Our survey findings reveal that becoming a digitally transformed enterprise is not something that can be delayed, as digital leaders are already gaining competitive advantages and recognizing increased revenue and reduced, costs but there are even more rewards available.  Executives believe that if they did everything possible to digitally transform today, they could increase the revenue impact of digital technologies by a third.  Looking forwar

Digital Transformation and Guarantees

Image
Digital transformation is about replacing conjecture,  an opinion or conclusion formed on the basis of incomplete information,  with more complete information.  A more complete picture is achieved by networking systems and applications together, deploying sensors, connecting fleets with telematics, mobilizing workforces, collecting online data in real-time, employing omnichannel strategies and analyzing and managing it all with an OILS (optimized information logistics systems) in real-time.  In the past most enterprises operated on a conjecture or estimate basis for much of their work, but today reducing the amount of conjecture is one of the top goals of digital transformation.  With the availability of massive volumes of new data many missing pieces of the picture puzzle can now be found or replaced.  Digital transformation is about recognizing pieces of the puzzle are missing, and finding ways of innovating with digital technologies to fill them in.   Digital transformation