06Jun

Before the coronavirus crisis, digital priorities were so much at the top of organizational priorities that “digital transformation” had achieved the status of business buzzword.

IT departments were busy with initiatives to, as Salesforce once explained, “create new — or modify existing — business processes, culture, and customer experiences to meet changing business and market requirements.”

Despite the high visibility businesses gave to digital transformation, the process was slow. CIO.com says, “Most organizations aren’t the digital entities they seek to be.”

“Experts say organizations and their teams need to think of transformation not as a program or project with a start or end date, but rather a new way of operating,” says CIO.com in an article the website for tech leaders entitled “Does digital transformation ever end?

Jeff Thomas, CTO and acting co-CIO of Sentara Healthcare, offers an answer, “I don’t think the journey ends.”

His view is reflected in the findings of multiple surveys all echoing similar results: Corporate leaders declare themselves fully invested in digital transformation, but struggle to achieve the success they are looking for.

PwC provided an explanation of why. In 2020 Global Digital IQ, PwC said that of the 2,380 executives it surveyed around the world it “discovered a group of companies that consistently generate payback and get significant value on their digital investments in every area we assess — from growth and profits to innovation, customer experience, people and more.”

Those companies – 5% of the companies surveyed – succeed because, PwC says, “Transformation never ends… Their cultural DNA empowers them to navigate change and be prepared for anything.”

“Digital is their corporate strategy, not a line item or ‘special effort’.”

Commenting on the report, PwC Global Chief Experience Officer David Clarke tells CIO.com writer Mary K. Pratt, “We look at companies doing well and find that they’re committed to constant change… Digital transformation is more of a DNA thing, it’s more of how you operate, it’s the idea that you’ll never be finished, because you never know what the next great idea or technology will be.”

While the entire C-suite needs to be committed to digital transformation, “the CIO is the person best suited to take that on,” maintains Arthur M. Langer, academic director of the Executive MS in Tech Management program at Columbia University.

“Successful CIOs are not only focused on the technology but also on the strategy and how to work with the business units to assimilate new ways in which people will work, how they use technologies, how to predict obsolescence of products and how to advise boards.”

As companies slowly reopen their doors and initiatives put on hold during the pandemic are revisited, successful digital transformation will come not from successive major projects, but from small steps.

“Change fatigue is very real,” Trent Mayberry, chief digital officer at UST Global tells CIO.com. “The idea that I’m going to do Program A and then B and then C and I’m never going to stop that change, then that’s exhausting.”

Instead, “Build an organization that can change incrementally every day, where every day you’re getting better. That’s how business should work, where transformation is constant minor degrees of change.”

Photo by NeONBRAND on Unsplash

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Green Key

Green Key Unlocked: The Effect of Tech Layoffs

Companies such as Microsoft and Google have cut thousands of positions in the last few months. In an effort to prepare for a darker economy, there are new layoff announcements emerging from Big Tech every day.

Tech Trends Right Out of Science Fiction

At the start of every year, and often well into it, we’re bombarded with predictions about trends in every imaginable industry. Tech is no exception, and it may be the sector with the most experts issuing forecasts.

Recently, CBInsights published its own 12 Tech Trends To Watch Closely In 2021. What makes this list stand out is its almost sci-fi feel. This is no ordinary collection of trends.

Take quantum computing. Even if most of us have no idea what it is, we’ve heard enough to know that quantum computers are the coming thing and that their computing ability dwarfs anything we have today.

But CBInsights tells us that these computers have arrived. We hear about a Chinese quantum computer that last year solved an essentially unsolvable problem in a little over 3 minutes. The report reinforces the point that these computers are here now by noting that “equity deals to quantum computing startups set a new record of 37 rounds last year, an annual increase of 42%.”

The trend the report identifies is not about when these computers will be available on Amazon. Instead, it’s that “businesses will be forced to secure data faster than these computers can decrypt it.”

“The industry’s rising momentum is creating an arms race to secure data faster than quantum computers can decrypt it,” says the report, informing us that companies like IBM and Microsoft are already developing new encryption methods to address the coming problem.

That trend dovetails with the first of CBInsights’ dozen: the Chief Prepper Officer. “Companies shaken by the pandemic,” predicts the report, “Will start prioritizing resilience and turn to emerging tech as they look to onshore operations, build robust supply chains, and ready themselves for the next big crisis.”

Whether a company actually creates a Chief Prepper role, they are already investing in diversification of supply chains, sales and distribution alternatives and buying or developing AI forecasting tools.

As futuristic as these two trends seem at first glance, they fall back into the realm of good business practices with the CBInsights’ discussion.

One trend that still seems to have a foot in science fiction is the prediction about “affective computing.” The report predicts, “Businesses will prioritize building AI technologies that can interpret and respond to human emotions as they look to connect with consumers.”

The report tells us there already are startups that “use emotion AI to analyze elements of speech, like tone and vocal emphasis, to best match service agents and customers across industries.”

We read about how Amazon is using voice analysis in its wellness tracker to identify the emotions users may be feeling. And there’s s brief, but fascinating description of the auto industry’s use of AI. One existing application assesses driver fatigue. Hyundai and MIT are developing AI controls that “can optimize the environment of a vehicle based on passengers’ emotional states.”

Not every trend is as futuristic or novel. Some of the trends are familiar.

We’ve all heard about the workplace changes the COVID pandemic has caused or, like working from home, accelerated. Agreeing with the many predictions that remote work is here to stay, CBInsights tells us to “expect to see offices becoming increasingly like hotels used for short visits, and less like the cushy big tech ‘campuses’ that came into fashion in the pre-Covid era.”

“Many companies will see an irrevocable shift in office culture in the coming years. They will need to be prepared for a future where employees treat going into the office less like showing up at their home away from home, and more like a special occasion, like checking into a hotel.”

Photo by Josh Hild on Unsplash

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