Dell’s Digital Transformation Index 2016
Precog Digital is trying to simplify your digital world, so you don’t have to…
I. Disruption – Dutch bank ING cutting 7,000 jobs in digital transformation (Deccan Chronicle)
II. Business Model Shifts – Embracing a Digital Future (Dell Technologies)
III. Emerging Technologies – Chart: Autonomous Cars Change Every Industry, Even Yours (HBR)
- Link: http://www.web-strategist.com/blog/2016/02/10/flowchart-autonomous-cars-change-every-industry-even-yours/
- Memorable Quote: “That’s right, the human drivers of taxis or Ubers will be cut out by robots who can do it better. Uber’s CEO elaborates further in BusinessInsider as to why they’re developing self-driving cars. Alphabet (formerly Google) is leading the way in self-driving car testing, and today it was even announced that autonomous cars could be considered“drivers.”
- The Precog Take: Human-robot interaction is going to be a bumpy one, displacing many workers and value streams for humans. Without skills to prevent irrelevancy, how will public policy be shaped? and will we have lost generations of under-employed/robot-driven downsized work forces.
IV. Practical Technology Applications – The Top 10 AI And Machine Learning Use Cases Everyone Should Know About The Internet of Things Market Landscape 2016 (Forbes)
- Link: http://www.forbes.com/sites/bernardmarr/2016/09/30/what-are-the-top-10-use-cases-for-machine-learning-and-ai/#30a2da5410cf
- Memorable Quote: “If you’ve flown on an airplane or attended a big public event lately, you almost certainly had to wait in long security screening lines. But machine learning is proving that it can be an asset to help eliminate false alarms and spot things human screeners might miss in security screenings at airports, stadiums, concerts, and other venues.”
- The Precog Take: Technology is entering the impact age – where it doesn’t merely educate, connect or buy stuff, it thinks for us.
V. Leadership/Governance – Digital Transformation: Does It Require A New Kind Of Leadership ? (Forbes)
VI. New Business Models – Nike to quicken shift from ‘cut and sew’ to digital design (The Drum)
- Link: http://www.thedrum.com/news/2016/09/28/nike-quicken-shift-cut-and-sew-digital-design
- Memorable Quote: “Nike chief executive Mark Parker discussed the company’s plans to bring products to market faster, and more importantly directly to consumers rather than through wholesale partners. Part of that shift is dependent on what Parker called “our transition from cut and sow where precision is at the stitch level to digital design where precision is at the pixel level.”
- The Precog Take: Even growing, well-established companies like Nike see the threat around the corner of transformation and are changing their org. structure, partnerships and management capabilities to tackle its next evolution of growth based on digital.
Nike Digital Design
VII. Leadership/Skills- Why a CEO’s Digital IQ Matters (Strategy + Business)
- Link: http://www.strategy-business.com/blog/Why-a-CEOs-Digital-IQ-Matters?gko=fc64c
- Memorable Quote: “While technology investments are generally rising (and hence merit a CEO’s attention), they are also being applied throughout all areas of the business. In fact, the report shows that the majority of technology spending (68 percent) is now coming from budgets outside of IT, a significant increase from 47 percent in 2014. In other words, digital investments are no longer the province of procurement or a chief investment officer. Digital technology and thinking now permeates every business function, including supply chain management, human resources, financing, and sales and marketing. “
- The Precog Take: Transformation and technology is and organization-wide effort. CEOs and leaders need to be fluent in all areas of technology application and lead by example.
VIII. Big Data & Analytics – How Sprint customers will see big change from big data (KC Business Journal)
- Link: http://www.bizjournals.com/kansascity/news/2016/09/16/techweek-sprint-customers-big-data.html
- Memorable Quote: “Sprint’s goal is to boost sales three to five times, increase digital upgrades three to seven times and provide world-class digital care in three years. In short, Derraik’s vision for Sprint is to provide digital sales on par with Amazon, have customer engagement on par with Candy Crush and provide digital care at the same level as Apple. In such a quick time period, Sprint saw a 90 percent reduction in website errors, 150 percent growth in digital sales and a 180 percent increase in digital sales call volume.”
- The Precog Take: Big data has a key role in building a better, sounder customer experience; quick wins can be realized in a short time period.
IX. Futureproofing – Digital transformation: Supermarket of the future (ZD Net)
- Link: http://www.zdnet.com/article/digital-transformation-supermarket-of-the-future/
- Memorable Quote: “But, we think that the technology will allow you to stock products very close to where they have to be replenished. So, the number of products on display on the shelf can be reduced, and you can reopen the space for visitors; the supermarket will become like the squares in the Middle Ages or the galleries of the 19th century.”
- The Precog Take: Retail is going to change quite radically when you free up its spaces from the operational and supply challenges that are imposed on current “brick and mortar” retail.
X. Emerging Technologies – Gartner’s hype cycle, IT crystal ball for 2017: Reading between the lines (ZD Net)
- Link: http://www.zdnet.com/article/gartners-it-crystal-ball-for-2017-reading-between-the-lines/
- Memorable Quote: “By 2020, 100 million consumers will shop in augmented reality. By 2020, 30 percent of web browsing sessions will be done without a screen. By 2019, 20 percent of brands will abandon their mobile apps. By 2020, algorithms will positively alter the behavior of more than 1 billion global workers. By 2022, a blockchain-based business will be worth $10 billion. By 2021, 20 percent of all activities an individual engages in will involve at least one the top-seven digital giants. Through 2019, every $1 enterprises invest in innovation will require an additional $7 in core execution. Through 2020, IoT will increase data center storage demand by less than 3 percent.By 2022, IoT will save consumers and businesses $1 trillion a year in maintenance, services and consumables. By 2020, 40 percent of employees can cut their healthcare costs by wearing a fitness tracker.”
- The Precog Take: Interesting predictions and alarming pace of change – these moves don’t even deal with the knock on effects, specific industry vertical impacts and new businesses that form because these technologies mainstream themselves.
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