Welcome to the first edition of the DX Notebook, our weekly round-up of stories and resources about digital transformation.
As the following articles indicate, learning about digital transformation is not just about finding new tools and technology. That’s the fun part! But first, we need to identify where and how these advancements can add real value to our business.
In this edition:
- 5 Articles worth Reading: DX case studies, Federal government digital initiatives, unlocking value, changing mindset, and preparing for failure.
- Course recommendations
- Interesting companies
- Quote of the week
5 Articles Worth Reading
Highlighting 5 use cases where digital transformation, and specifically Infrastructure as a Service (IaaS), was used to create real value, save money, and improve efficiencies in a diverse set of industries, including oil and gas, fintech, location-based tech, and parking.
It’s not just the private sector. The US Air Force version of DX is known as the Digital Air Force Initiative, where they improve operations across their operations by incorporating an array of digital tools and smart processes.
In some cases, this means transforming legacy systems with over 400 outdated applications in use.
Speaking of legacy systems, in this Podcast, well-known consultant and author Bruce Sinclair discusses how to unlock value and potentially disrupt legacy business models using 5 data-driven core models.
These core data models include Product data-driven business, Product-Service data-driven business, Service data-driven business, Service-Outcome data-driven business model, and Outcome data-driven business model.
As discussed by Oxford Professor Tom Davenport during a “fireside chat” hosted by Red Hat, and summed up nicely in this LinkedIn post, digital transformation is not just about the technology.
In fact, confronting change and transforming the culture and mindset of an organization is often where the biggest challenges lie. Nice infographic included as well!
It’s a fact that most digital transformations fail. The main reason is that companies are in a rush to push new technologies without demonstrating the actual value these tools will bring to customer engagement and/or business operations. And without getting adequate buy-in from stakeholders.
This approach brings significant risk on many levels. So, how do you save a failed digital transformation? A lot has to do with accepting that it’s part of the process.
Recommended Courses on Digital Transformation and Related Skill Sets
We’ll add new courses from time to time. Here are a few great places to start, though:
- For low-cost, general and foundational online classes, the LinkedIn Learning Digital Transformation curriculum offers a few good options.
- To take it a step further, BU offers a comprehensive 8-week course on DX strategy.
- And if you’re a senior-level manager, this course from Berkeley could set you apart as a DX leader
- For specific skill sets: Understanding how to analyze and apply data is one of the keys to harnessing the power of digital transformation. If you want to develop this skill-set, this course on Data Strategy is the perfect place to start.
- Pyramid Analytics: This big data and “decision intelligence” platform uses AI to power data analytics for companies like HP, Dell, Deloitte, VW and more. And theu just raised another $120 million dollars.
- V7: An AI company with technology that handles automated image annotating and labeling.
Quote of the week
“Every industry and every organization will have to transform itself in the next few years. What is coming at us is bigger than the original internet and you need to understand it, get on board with it and figure out how to transform your business.”
– Tim O’Reilly, Founder, and CEO, O’Reilly Media
Whether you’re a small company or a large corporation, digital transformation will affect your business operations and customer interactions. Our goal is to understand it, embrace it, and grow from it.
Join us next week for a new round of interesting reads and resources.