Carl-Adam Wachtmeister (Business Development Manager at iCore) recently appeared on the Transforming business podcast hosted by ByBrick management. In the episode, he shares some of his insights into how infrastructure and digital strategy creates the foundation for business development and innovation.
Data and information is the glue that allows the company making the right decisions to drive profits. Without insights about how the market works, it would be impossible to match the ever-changing demand of the customers.
Digital transformation is often triggered by managers based on a fear of losing market position. What we need to understand is that change is a mental journey and it takes time to understand and commit to the new challenges.
The concept of Digitalization was defined by Gartner in 2012. It meant focus on social, mobility, information and cloud services that was changing business at that time. In 2018, the concept of digitalization has evolved!
The governance revolution implies the death of long-term planning. A prerequisite for long-term planning is high market and technology predictability (we can predict the future) – which is no longer available in IT intensive markets.
It is believed that 50% of the traditional companies on the Fortune 500 have disappeared since 2000 due to digitalization. They failed to remain relevant and competitive in a fast-changing business environment and was easily phased out. This is the brutality of digital transformation.
Digitalization is the most complex challenge companies face today. Still, many invest in quick solutions (technology) while neglecting a proper analysis of the root causes and impact of digitalization on their business. Why is that?
We are happy and excited to welcome Hans Gillior as a guest writer on the iCore blog! He will share his insights about the challenges of digital transformation in a series of blog posts during the spring.
iCore will participate at the KOMMEK conference which takes place at Malmömässan on the 22-23rd of August. Together with Arribatec and Xledger, we will talk about how organizations can become more efficient using integrated, automated, and digital processes.
Data analyst company Bisnode Sweden has spent the last years consolidating 17 companies into one. They are now focusing on improving their processes, using agile methods and working closely with company management and day-to-day operations.