Digital Leaders Blog

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At a recent Symposium, Gartner analysts revealed their top IT predictions for the next few years.

By 2020, five of the top seven digital giants will willfully “self-disrupt” to create their next leadership opportunity; the banking industry will derive $1 billion in business value from the use of blockchain-based cryptocurrencies; AI-driven creation of “counterfeit reality,” or fake content, will outpace AI’s ability to detect it, fomenting digital distrust; IoT technology will be in 95 percent of electronics for new product design.

By 2021, early adopter brands that redesign their websites to support visual- and voice-search will increase digital commerce revenue by 30 percent; more than 50 percent of enterprises will be spending more per annum on bots and chatbot creations than traditional mobile app developments; 40 percent of IT staff will be versatilists, holding multiple roles, most of which will be business, rather than technology-related.

By 2022, most people in mature economies will consume more false information than true information.

Read more here.

Take care.

Jim H

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An interesting Infographic and video from Gartner covering the Top 10 Strategic Technology Trends for 2018.

Artificial intelligence, immersive experiences, digital twins, event-thinking and continuous adaptive security create a foundation for the next generation of digital business models and ecosystems.

The Intelligent Digital Mesh

"The entwining of people, devices, content and services. The Intelligent Digital Mesh is enabling digital models, business platforms and a rich, intelligent set of services to support digital business."

Intelligent: How AI is seeping into virtually every technology and with a defined, well-scoped focus can allow more dynamic, flexible and potentially autonomous systems.

Digital: Blending the virtual and real worlds to create an immersive digitally enhanced and connected environment.

Mesh: The connections between an expanding set of people, business, devices, content and services to deliver digital outcomes.

Read more here

Jim H

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New Book: Digital to the Core

Published this week, Digital to the Core by Mark Raskino and Graham Waller from Gartner, represents a very important addition to the growing literature on digital disruption, digital transformation and digital leadership.

The core argument of the authors is that standing still in an era of turbulent digital change is not an option. Enterprises and leaders must re-master themselves to succeed. Leaders must identify the key macro-digital forces impacting on their industry/organisation then provide leadership at three main levels industry, enterprise and self.

All leaders need to understand the impact of the digital revolution on their industries, organisations and leadership style.

The core of the book is structured around what the authors call the three primary disruptive forces of the digital age as shown in Figure 1 below:

Resolution Revolution: Sensors will lead to every product and service being digitally remastered. The Internet of Things, Industrial Internet and Big Data will allow us to accurately measure and precisely control things and events. Technology’s ability to capture and process entirely new kinds of data in ever richer detail will underpin the major breakthroughs of the digital age.

Compound Uncertainty: The daunting uncertainty that arises from the complex effects of rapid digital change; uncertainty that undermines and shifts the mind-sets, structures, and practices on which leaders have previously relied. Digital leaders must account for three crucial factors when estimating the timing of markets and digital changes – the ‘triple tipping points’ of technology, culture, and regulation.

Boundary Blurring: Merging of the digital and physical worlds, leading to alterations in the core products, propositions, and possibilities for industries as we know them and softening the dividing lines between industries. The effect then cascades across ecosystems, enterprises, people, and things transforming industries as we know them.

Building on the above, digital leaders must lead their organisation at three distinct levels:

  • Remap Your Industry: How your worldview needs to change. What fundamental industry paradigms must you rethink?
  • Remodel Your Enterprise: What does your enterprise need to become and how will you redefine your company?
  • Remake Yourself: Who do you need to be and how must you remake yourself as a digital era relevant leader?

Figure 1: Digital to the Core (Raskino and Waller, 2015)

Numerous case examples are presented to illustrate the key points raised above, with practical advice given on how to get there.

Digital to the Core is a highly recommended read for anyone serious about the impact of digital disruption on their industry, company and self.

More details can be found on Amazon and on the accompanying web site for the book. The latter contains three short videos summarising the key themes. As always, feedback and comment are very welcome.

Take care.

Jim H

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