digital transformation · 2020. 11. 9. · digital transformation failure could see a third of...
TRANSCRIPT
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Digital Transformation Crash course
Robert Farrell
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Lecturer / TrainerGriffith College, Irish Times Training, Corporates
ExperienceHubspot, Digital Marketing Institute, DBS, NCI, IBAT
QualificationsDigital Transformation, Digital Marketing, Strategy, Cyberpsychology
Industry JudgeSpider Awards, Digital Media Awards, Education Awards
ConferencesDigital Transformation, Digital Marketing, Technology Trends
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Agenda
1. Digital Disruption & Transformation
2. Emerging Technology & Trends
3. Succeeding with your Digital Transformation
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What is Digital Transformation
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Digital Disruption & Transformation
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What is Digital Disruption‘an effect that changes the fundamental expectations and behaviors in a culture, market, industry or process that is caused by, or expressed through, digital capabilities, channels or assets’. Gartner
‘the process of using digital technologies to create new — or modify existing — business processes, culture, and customer experiences to meet changing
business and market requirements. This reimagining of business in the digital age is digital transformation’.
Salesforce
What is Digital Transformation
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Digital Transformation is your response to shifting external forces or upgrades required
inside the organisation
It is not just about technology, it requires adaptation to your organisations people and
process operations
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Technology & Trends
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Poll
What is your knowledge of current technologies impacting your company or industry?
● I deeply understand the technologies and their impacts
● Im very aware but would like to deepen by understanding
● I’m somewhat aware of some but no all technologies
● I’m unaware of the technologies and their impacts
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Gartner Hype Cycle Emerging Technologies 2020
Highlights technology that will significantly change society & business over next 5-10 years
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Current & Emerging Technologies
● Big Data● Cloud computing● Internet of Things (IoT)● Additive manufacturing (3D printing)● Artificial Intelligence (AI)● Distributed Ledger (Blockchain)
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Trends: 5 Domains of DT (David Rogers, 2016)
CUSTOMERS ● Customers are connected (Web, social media, review sites etc)● Active networks, Not passive segments
COMPETITION ● Competition from adjacent industries (AirBnB vs hotels)● Platform business model, not products
DATA ● Data is a ASSET● More is captured via IoT● Big data analysis to describe & predict
INNOVATION ● Quick development (Minimum viable product)● Lots of testing & iteration● Agile vs Waterfall
VALUE ● ‘If you can’t beat em, join em’ (NY Met Online)● Customers want SOLUTIONs not products
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Framework for Success
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Poll
What are the key elements to manage on a Digital Transformation journey?
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Digital Transformation Framework (BCG)
Planning
Implementation
Enablers
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● How is digital changing the industry + how should the organisation adapt
● Monitor trends & technology
● Digital strategy as part of overall strategy (not seperate)
Planning
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Implementation
Digitize the core:
● Use technology to streamline existing operations
● Cloud, Mobile, IoT, AI, RPA
Digital Growth:
● Implement new opportunities● eCommerce● Product vs Platform business
model
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Enablers that must be put in place
Enablers
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Recommended ReadingIrish enterprises are struggling with digital transformation
Digital transformation failure could see a third of Irish companies shut down by 2020
$1.3 trillion to be spent on digital transformation technologies in 2018
5 reasons companies struggle with digital transformation
Boston Consulting Group
McKinsey
Accenture
MIT Sloan School
CIO Magazine
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Digital Transformation is about more than technology. It is about leaders with the foresight to see change and the courage to reinvent their
organisations before others force them to
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Thank you
Questions?