"Technology helps you do business differently, but the right strategy is not technology-focused. It incorporates the right technologies for the right jobs. It uses high tech where those capabilities are important and low tech where a simple solution can do the job. And when technology is done right, it can help a company launch wave after wave of business innovation — innovation that becomes possible as new technologies become real"
George Westerman, MIT Sloan Management Review March 2018
He advises:-
- Get away from silo thinking.Business and technology leaders need to work together. The most valuable transformation comes from changing the company through a range of technologies, innovative strategy and company-wide focus
- Don't go too fast; it's no good racing after the benefits of AI if you cannot even access 90% of your data. Incremental steps, using small failure to learn and iterate and optimise transformation
- Don't leave it to tech leaders; You need business leaders and technical leaders in step and working to common goals
- Build essential leadership capability; the CEO, The C-Suite and guys at the front-end need to combine vision with common sense
Practical advice from someone successfully involved in transformation for over six years. I had to find out the hard way that long ago so take advantage and follow the link below to avoid digital disappointment
As sexy as it is to speculate about new technologies such as AI, robots, and the internet of things (IoT), the focus on technology can steer the conversation in a dangerous direction. Because when it comes to digital transformation, digital is not the answer. Transformation is. Technology doesn’t provide value to a business. It never has (except for technology in products). Instead, technology’s value comes from doing business differently because technology makes it possible. E-commerce is not about the internet — it’s about selling differently. Analytics is not about databases and machine language algorithms — it’s about understanding customers better, or optimizing maintenance processes, or helping doctors diagnose cancer more accurately. IoT is not about RFID tags — it’s about radically synchronizing operations or changing business models.
https://sloanreview.mit.edu/article/your-company-doesnt-need-a-digital-strategy/
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