Digital Transformation

We hosted an event last month talking about Digital Transformation at Harry Cary’s. The feedback that we got was great! For those that didn’t attend, it is not a technology or IT thing. It is more about strategy and using technology to support the strategy.

There were some terrific articles and studies referenced and available online:

http://reports.weforum.org/digital-transformation-of-industries/wp-content/blogs.dir/94/mp/files/pages/files/digital-enterprise-narrative-final-january-2016.pdf

http://sloanreview.mit.edu/projects/strategy-drives-digital-transformation/

http://sloanreview.mit.edu/projects/aligning-for-digital-future/

It is about disruption and new ways to do things. It can be a thought provoking and interesting exercise in thinking about your industry segment and how it is changing. It is incredible that some of these starups (called Unicorns) have valuations over $1B.

As we close in one the end of the year, there is a lot of planning that is being done for 2017.

• Goals
• Plans
• Cost-cutting opportunities
• Improved service(s) and/or processes
• New applications
• New ways to engage clients and partners

It is really interesting to review some of the articles and project how it could change/disrupt your business or industry. In IT, build vs. run. You certainly need technology, but people and process solve business challenges.