Digital Transformation is critical to everything about the future of IT; and, increasingly, of everything else. By converting processes, work products, goods and services into digital formats, it is possible to transform them and manipulate them through software. The manipulation processes are, moreover, similar across the entire universe of digital data. Digitization means information and plans can be communicated instantly; processes can be transformed swiftly; and the whole spectrum of analytics and AI can be applied to the data stream.
Companies need to transform their analog processes into digital equivalents just to catch up with the present; integrating these processes into current software and services will permit them to competitively reach the future.
Here we have a number of videos focusing upon Digital Transformation, along with the explanations provided. These are all available under the standard YouTube license.
Davos 2016 – The Digital Transformation of Industries (World Economic Forum)
What big bets are companies making in the digital transformation of their business models and organizational structures?
On the agenda:
- Defining digital transformation
- Making the right investment decisions
- Designing a digital culture
- Marc R. Benioff, Chairman and Chief Executive Officer, Salesforce, USA.
- Klaus Kleinfeld, Chairman and Chief Executive Officer, Alcoa, USA.
- Jean-Pascal Tricoire, Chairman and Chief Executive Officer, Schneider Electric, France.
- Bernard J. Tyson, Chairman and Chief Executive Officer, Kaiser Permanente, USA.
- Meg Whitman, President and Chief Executive Officer, Hewlett Packard Enterprise, USA.
Moderated by Rich Lesser, Global Chief Executive Officer and President, Boston Consulting Group, USA.
(Creative Commons license; Published on Jan 29, 2016)
Digital Transformation – The Business World of Tomorrow (Detecon International)
Smart business networks, sensors, the Internet of Things, or teamwork which is distributed solely as virtual assignments – many of these innovations will result in substantial changes to business strategies as well. What has not changed, however, is the extreme complexity in the design of digital business models resulting from the frequent lack of transparency concerning concrete operational consequences in the corporate business units.
What capabilities does a company require for the realization of digitalized strategies and processes? What steps are necessary to become “Leading Digital”? And is all of this work even worth the effort? (Published on Jan 22, 2014)
What Digital Transformation Means for Business (MIT Sloan Management Review)
(Published on Jun 28, 2014)
Why Every Leader Should Care About Disruption (McKinsey & Company)
Digitization, automation, and other advances are transforming industries, labor markets, and the global economy. In this interview, MIT’s Andrew McAfee and McKinsey’s James Manyika discuss how executives and policy makers can respond.
The disruptive impact of technology is the topic of a McKinsey-hosted discussion among business leaders, policy makers, and researchers at this year’s meeting of the World Economic Forum, in Davos, Switzerland. In this video, two session participants preview the critical issues that will be discussed, including the impact of digitization and automation on labor markets and how companies can adapt in a world of rapid technological change.
Text from http://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/why-every-leader-should-care-about-digitization-and-disruptive-innovation
(Published on Jan 4, 2015)
Leading Digital Transformation Now – No Matter What Business You’re In (Capgemini Group)
Didier also discusses the principles and practices that lead to successful digital transformation based on a two-part framework: where to invest in digital capabilities, and how to lead the transformation. (Published on Sep 30, 2014)