Probably not many professionals would argue that data analytics is becoming an important skill to have for almost everyone in business organizations.
While complex data crunching is not everyone's forte, neither it needs to be, data-driven decision making is becoming unavoidable every leader.
After watching AWS Re-Invent event last week, I was so impressed to see QuickSight Q machine learning powered capability using natural language processing to answer your business questions.
This means you don't need to think how to slice and dice your data and worry how to visualize it. All is done automatically for you based on your request.
While data analytics is becoming easier to conduct, critical thinking (e.g. what question should I ask) is not yet automated for us. I think it's going to take a while until we can leave all thinking to machines.
This weekend I was cleaning up my cupboards and look what I found - TomTom thingies. This made me wonder how is this company doing these days?
After a bit of research I understood that TomTom went through a very impressive digital transformation. They turned from a B2C company selling navigation devices to a B2B data-driven enterprise empowering the future of self-driving cars.
These days TomTom lives and breathes big data by collecting 19 trillion anonymous data points in total! This data is being used to solve mobility issues, manage traffic real-time and empower e-vehicles of the future.
Truly impressive and inspiring digital transformation by TomTom.
It is becoming more and more evident that business professionals need to collaborate better with IT colleagues and vice versa. There is simply no other way to drive successful digital transformations.
So mutual understanding of each other’s work is crucial here. While these days we have quite many online trainings and webinars on technology skills, business understanding for IT professionals is less covered, in my opinion.
When I get asked by technology gurus who want to better understand business, I always recommend this book - “Value Drivers” by Mark C. Scott. Even though it doesn’t read like an easy ‘novel’, it provides a great holistic view how to look at business from end2end perspective.
Any other book recommendations from others?
Digital transformation heat wave is high these days and it doesn’t seem to go away any time soon! But still so many of those digital initiatives start with huge enthusiasm, yet end up with disappointment.
So what can we learn to increase success rates of digital transformations in business organizations? This time I thought to take a look at LEAN thinking and see what inspiration we could take from there.
What are your lessons learnt from driving digital transformation?