Tags ArchivesDigital Business

Innovation Culture and Digital Business standard

In a recent blog, we discussed Humanity and the Law of Hyperconnection and concluded that being increasingly connected to people, places and things will require greater mindfulness and self-awareness so we can operate from what is true and authentic within each of us.  We ended speaking briefly to the organizational imperative to be empathetic to the humans within and outside our corporate walls. I’d like to take the organizational imperative to focus on the human factor to the next level.  It’s not just a good HR idea to support employees, partners, and customers by being sensitive to peoples’ need for meaningful, ‘truly’ connected experiences in a hyper— often disconnected— world, but it might be the ticket to using digital as a way of ...

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Demystifying Digital Transformation standard

Are you getting burned out over the endless hype that is Digital Transformation and its attendant terrors: is your business being Ubered, will you be swallowed by the Digital Tsunami, are you pursuing data-driven business models, etc.? Beneath the hype are some core questions about what this Digital Business phenomenon really means to executives, their businesses, and entire – yes, reconstituted – industries. Here at Digital Bridge Partners, we’ve been demystifying the what, why and how of Digital Business Innovation by examining the ways digital is changing the axis of competition and value creation from what we call digitally-enabled value creation to digitally-driven value creation. As the graphic indicates, digitally-enabled value creation pertains to digital acting upon traditional physical elements (basically ...

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Finding Enterprise Value in Hyperconnection standard

Last week we responded to a great Economist article about how Moore’s law– that overall processing power for computers doubles every two years– is slowing. Now SW algorithms and deep learning, the connected cloud and specialized chips embedded in the cloud are what are increasing computational power. A new “Law of Hyperconnection” states that overall network performance doubles every 2 years.  According to Digital Universe that’s how often the world’s data is doubling, so that seems to work. This law gets really exciting  when we start seeing the financial value of all those doubling connections. McKinsey recently calculated that interoperability will drive 40-60 percent of value created by IoT– that’s  $1.5 to 6.7 trillion by 2025. That’s a lot of value ...

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Humanity and the Law of Hyperconnection image

In a recent blog post we introduced “The Law of Hyperconnection,” which states that overall network performance will double every 2 years—a riff off Moore’s Law, which no longer works or matters that much in a networked-focused vs. device-focused world. We opined that it’s the relationship of data, stuff, people and processes that powers the value equation of the Law of Hyperconnection.  Presumably the value accrues to all sides of the network – companies who make stuff, people who consume it and everyone in between. But what happens to our individual and collective humanity when the data in the known universe doubles every 24 months and increasingly EVERYTHING is digitized?  Pay attention to what Facebook, Google, Microsoft, Apple and Amazon are up to with the ...

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Hyperconnection and the Future of Computing standard

A great article in the Economist on March 12th, “After Moore’s law: The Future of Computing,” got me thinking. According to Moore’s Law, “processing power doubles roughly every two years as smaller transistors are packed ever more tightly onto silicon wafers.” However, this rate, consistent for the last 50 years, has now slowed down to every 2.5 years. The author says that computational progress will not actually slow, but come increasingly from improved algorithms and deep learning, the connected cloud, and access to specialized chips embedded in the cloud. The Economist forgot to name the revised law, so I’m calling it The Law of Hyperconnection. According to the Law of Hyperconnection, overall network performance doubles every 2 years; according to ...

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Digital Business Innovation, Actually standard

If you are trying to get your head around the meaning of digital transformation, one of the first steps is distinguishing between a tool and the use of the tool. It’s obvious that digital transformation must include and be defined by digital tools, data, and experiences. But, a common trap is to restrict the transformation to digital, when in fact, transformation is not about digital, it’s about business. That’s why we like to use the term digital business innovation instead of digital transformation to describe what CIOs need to drive now. Digital business innovation is the use of digital foundations- pillars, processes, and tools- to transform how businesses create value. The digital opportunities and threats that business leaders face today demand ...

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Digital Transformation- The CIO Moment standard

In Darrell Rigby’s article last week in Harvard Business Review, “Two Digital Myths That Trip Up the C-Suite,” he debunks the idea that “every individual or organizational unit must be self-sufficient in digital technologies” and that LoB decision makers need to develop their own digital infrastructure. His argument against this approach is based primarily on the “shadow IT” problem, and he highlights the range of negative impacts shadow IT can have. He then says that a more effective strategy for digital infrastructure creation is structured around team-based, agile innovation and he highlights a range of examples where this has been successful. We agree strongly with his proposed approach, but for different reasons. First we don’t believe that the fundamental problem ...

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The sweet spot for CIO focus today standard

In our recent client work, we’ve developed a maturity model for innovation within digital transformation. We feel two stages in the maturity model represent a sweet spot for CIO focus: Conviction: Solid examples of how digital transformation contributes to the bottom line, as well as the implications of doing nothing. Capability: Providing internal business partners with the infrastructure required to develop and deliver pilot projects, including both partner and technical resources. CIOs should focus on the following questions to accelerate conviction and drive pilot project success: How can we, within the CIO organization, act as an agile catalyst of change at the micro and macro levels to bring about this transformation? Are we prioritizing the discovery of new sources of ...

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Digital Strategy In Context standard

For many years Digital Bridge Partners has been focused on Enterprise Digital Transformation. Our perspective is deeply rooted in looking at how “Digital” has and will create new operating and business models (in many cases new industries) and transform everything about an incumbent business. We’ve learned in the process how difficult it is for incumbents to actually make change and compete. Our work has focused on examining the market forces, operational change, technology impact, and business model transformations required, and trying to help the organizations (Fortune 500 to start ups) understand how to operate successfully in the new environment. Some of our past projects include: Telecom Helping clients understand and respond to the challenge posed to the Yellow Pages business ...

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Why partnering is critical to Chief Digital Officer success standard

In the media crush around digital transformation, much has been said about the rise of the Chief Digital Officer. A Constellation Research Report describes the importance and role of CDOs as being critical to: Designing new experiences and business models Developing a digital culture Applying new technologies to existing infrastructure Moving from gut- to data-driven decisions

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New IT Channel Ecosystem standard

Channel roles are changing and no longer as black and white as they used to be, eg ISV, SI, LOB Consultant, Reseller etc. These companies are taking on blended functions, including resale, development, LOB consulting, systems consulting, implementation etc. Most vendor partner programs don’t address the channel’s needs for more flexible engagement. The stakes are high as it is now forecasted that 80% of vendor channel contribution will come from hybrid partners who embrace third platform as well as on-premise solutions and from born-in-the-cloud partners who have no or very limited connection to the legacy business that drove second platform businesses. These evolving and new partners do not want to work with inflexible, top-down, prescriptive programs but are increasingly demanding ...

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Digital Transformation and Partner Networks standard

Digital disruption is breaking apart traditional business models and forcing companies to adapt. Partner networks will be crucial strategic levers in the new landscape, however they will need to evolve to be more agile, flexible, and less hierarchical, moving from a “Program” to a “Platform” approach. In our point of view deck below, we lay out some of the key building blocks we see for this new architecture and pose a series of questions that companies will need to consider as they evaluate the implications on their own business networks. Click the image above to open our point of view deck

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