“ The pace of digital transformation is accelerating , and IDC expects that by 2021 , at least 60 % of India ’ s GDP will be derived from digital products and services , with growth in every industry driven by digitally enhanced offerings , operations and relationships . The study shows Leaders seeing double the benefits of Followers , with improvements in productivity , cost reductions , and customer advocacy . To remain competitive , organizations must establish new metrics , realign organization structures , and re-architect their technology platform ,”
today through our agile platforms and solutions that prioritize flexibility , integration and trust . We understand what organizations will need to make their journeys a successful one ”, he added .
Riding the Wave of Digital Transformation
Organizations in Asia Pacific need to accelerate their digital transformation journey to reap the full benefits of their initiatives , and to address the invisible revolution brought about the mass adoption of AI . More importantly , companies need to focus on capitalizing their own data in order to gain new market insights , create new digital products and services , and monetize data through data sharing securely , and in collaboration with its ecosystem .
Microsoft recommends organizations to adopt the following strategies to become a digital transformation Leader :
Create a digital culture : An organization need to build a culture of collaboration where it is connected across business functions , and has a vibrant and mature ecosystem of
Daniel-Zoe Jimenez , Research Director Digital Transformation Practice Lead , IDC Asia / Pacific .
customers and partners . Data can then be embraced across organization and functions , where better decisions can be made and ultimately serving the needs of customers and partners better .
Build an information ecosystem : In a digital world , organizations are capture more volumes of data internally and externally . The key to becoming a Leader is for organizations to be able to convert data into capital assets , and enable data sharing and collaboration internally and externally in an open yet trusted manner . In addition , a proper data strategy will allow businesses to start their AI initiatives to identify connections , insights and trends .
Embrace micro-revolutions : In most cases , digital transformation efforts do not start with widespread change , but a series of microrevolutions . These are small , quick projects that deliver positive business outcomes and accrue to a bigger and bolder digital transformation initiatives .
Develop Future Ready Skills for Individuals and Organizations : Organizations today must relook at training and reskilling its workforce so that workers are equipped with future ready skill sets such as complex problem solving , critical thinking and creativity
for the digital economy . More importantly , they need to rebalance the workforce to attain and attract key digital talents , as well as be open in creating a flexible work source model where they tap into skillsbased marketplace . From a digital skills perspective , LinkedIn ’ s latest study outlines the ABCs of digital talents required for future economies in the region – artificial intelligence , big data and cloud computing . In India , the top in-demand skills are big data , artificial intelligence , and cloud computing . �
23 | May 2018 | www . smartgovernance . in