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Showing posts from July, 2016

Business is Not as Usual in the Age of Digital Transformation

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Digital transformation typically begins as low cost POCs (proof of concepts), that evolve into mission critical corporate initiatives as positive results, consumer demands and market trends converge.  Digital transformation becomes mission critical when consumers vote with their money to accept the digital replacements for physical products, services and processes.  Last month a regional retail book and entertainment chain, Hastings, filed for bankruptcy.  CFO Duane Huesers blamed “a decline in the market for “physical media properties” like music, movies, books, games and media rentals.”  Hastings joins chains like Blockbuster, Borders Group and Tower Records that went out of business as a result of not making the transition to digital fast enough.  The strange part of this story is that Hastings never changed.  Faced with overwhelming evidence, market trend data and their own sales data that showed consumers were moving to Netflix, Amazon and streaming music, they simply could

15 Rules for Winning in Digital Transformation and the Doctrine to Match

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Competitors can’t compete, and leaders can’t lead if they don’t know the rules of the game.  Understanding how points are scored, and what is required to win is key to any competition.  In the age of digital transformation there are key rules to learn: Data is the modern commercial battlefield Information dominance is the strategic goal It takes an “Optimized Information Logistics Systems” (OILS) to compete Advantages in speed, analytics, operational tempos and information logistics - determine the winners Real-time operational tempos are required Businesses that can “analyze data and act and with speed” dominate those which are slower Advantages exponentially increase competitive advantages Situational awareness enables innovations and operations at a lower cost and with increased efficiencies Principal of API Acceleration & Mobility  – As demand for mobile apps increases, an even greater demand for new APIs and changes across the business and IT will arise Mobile ap