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INF.- How to Jump-Start a Digital Transformation

In industries such as energy, health care, industrial goods, and logistics, many companies have held off implementing digital technology because they lack the organizational mind-set and capabilities required to succeed. These late adopters need to embrace the concept of “fail fast and fail cheap,” developing their experience and digital capabilities through a three-step transformation framework. Secure Quick Wins at the Outset Speed is more important than perfection. Companies should launch small-scale digital initiatives to improve the customer experience, bring new products and services to the market, and digitize internal processes. Scale Up Successful Initiatives Once they have identified promising digital ventures, companies need to scale them up and establish the right organizational model to integrate them with existing operations. Lead and Sustain Change Successful digital transformations require strong leadership, alignment between IT and the business units, and a culture that celebrates risk-taking and rapid...

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The Second Machine Age

 The Second Machine Age, written by Erik Brynjolfsson and Andrew Mcfee, is the recommendation of the Professional Reading Club for November. A look at how digital technology is transforming our work and our lives. In recent years, Google’s autonomous cars have logged thousands of miles on American highways and IBM’s Watson trounced the best human Jeopardy! players. Digital technologies―with hardware, software, and networks at their core―will in the near future diagnose diseases more accurately than doctors can, apply enormous data sets to transform retailing, and accomplish many tasks once considered uniquely human. In The Second Machine Age MIT’s Erik Brynjolfsson and Andrew McAfee―two thinkers at the forefront of their field―reveal the forces driving the reinvention of our lives and our economy. As the full impact of digital technologies is felt, we will realize immense bounty in the form of dazzling personal technology, advanced infrastructure, and near-boundless access to the cultural items that enrich our lives. Amid this bounty will also be wrenching change. Professions of all kinds―from lawyers to truck drivers―will be forever upended. Companies will be forced to transform or die. Recent economic indicators reflect this shift: fewer people are working, and wages are falling even as productivity and profits soar. Drawing on years of research and up-to-the-minute trends, Brynjolfsson and McAfee identify the best strategies for survival and offer a new path to prosperity. These include revamping education so that it prepares people for the next economy instead of the last one, designing new collaborations that pair brute processing power with human ingenuity, and embracing policies that make sense in a radically transformed landscape. A fundamentally optimistic book, The Second Machine Age will alter how we think about issues of technological, societal, and economic...

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