Sparity

Contact Us

Tag: #digitaltransformation

The ‘North Star’ of Digital Transformation is a ‘Data First’ Strategy: HPE CEO

The “North Star” of digital transformation, according to Antonio Neri, president and CEO of Hewlett Packard Enterprise, is a “data first” strategy. Neri examines the need of aligning strategic, organizational, and technological decisions with the overarching goal of exploiting data as a strategic asset in a piece he wrote for the World Economic Forum Annual Conference. He references research showing that the average company had a data maturity score (the capacity to produce value from data) of only 2.6 out of 5. This suggests a lack of fundamental capacities for doing so, which in turn hinders firms’ capacity to create crucial results including increasing sales, innovating, expanding customer experience, increasing environmental sustainability, and raising humanitarian standards across their supply chains. Neri’s answer is to bridge this divide by achieving a high level of data maturity and strengthening control over that data leading to a new “digital divide” where companies who take a data first approach have a strong lead against competitors who are disconnected with the power of their data With the ability to access, control, protect, govern, and unlock the value of data regardless of where it is generated or housed, he predicts that enterprises will emerge as data platforms in their own right. Neri advocates for decentralized, scalable data architectures that facilitate cross-organizational and cross-national sharing of data and analytics without compromising on privacy or control. To unlock the value from an organization’s data, Neri recommends several actions to start: defining a data strategy with clear objectives aligned with the organization’s overall goals, assigning strategic investments to data initiatives, appointing a senior-level data officer with accountability for the data strategy, creating an effective architecture to manage data end-to-end securely, and establishing the skills to master advanced analytics methodologies. Source: weforum

Forget digital transformation: data transformation is what you need

The founder of Eggcelerate, Stefano Maifreni, discusses why it is important for business organizations to focus on data transformation to maximize long-term value. He defines digital transformation as using new technologies to restructure an organization and its processes to improve efficiency and meet customer needs. Digital transformation initiatives can involve IT modernization, process automation, cloud technology, artificial intelligence and machine learning, and transforming communication with customers. Data is the cornerstone of any successful digital transformation strategy, and it is important to understand how your organization uses data to optimize data usage and apply analytics and insights to drive better business outcomes. Without a data strategy in place, your organization will likely struggle with leveraging data for digital transformation efforts. Digital transformation is vital for businesses to restructure their processes to meet customer needs and improve efficiency. To leverage data for digital transformation efforts, organizations must understand their data sources and determine which data sources they need and where they can find them. They must also consider how to best process, analyze, and transform their data to maximize its value. Finally, they must identify which data transformation initiatives will impact their organization most and ensure they have the necessary resources and budget to make these efforts a reality. Data transformation is an entirely new way of doing things that requires organizations to come up with innovative methods for gathering data and turning unusable data sources into something valuable. Source: information-age   🔥 Trending Stories 14 Tech Leaders Offer Their Best Pieces of Advice to New Entrepreneurs Ultimate Guide For Hiring On-demand Developers For Your Startup Top 25 Digital Transformation Influencers You Need to Follow

Digital transformation in Huawei Cloud: Key steps to a smarter future

Roc Bai, VP: Huawei Cloud Southern Africa, explains that African organizations have an opportunity to leapfrog the rest of the world, but they must advance through their digital transformation journeys now. To achieve operational excellence, enable a hybrid and remote workforce, and deliver insights at scale, organizations should align with top digital transformation trends. Successful digital transformation can create value for business in three key ways: better experience for customers, users, partners, suppliers and employees, improved efficiency in R&D, production, distribution and service, and reduce work costs and management risks. Huawei Cloud is one of the first cloud service providers to install nodes in Africa, as well as the first to establish its network across the continent. Huawei Cloud inherits Huawei’s more than 10 years of industry experience in the ICT field, deeply understands industry scenarios and combines the capabilities of ecological partners to find the right technology for industry customers and do a good job of implementation. Huawei Cloud actively encourages deep digitalization and everything is a service. It invests in infrastructure, R&D and technology investment to accelerate application modernization, and provides industry digital transformation experience to enable industry to go to the cloud. It also releases the latest technologies such as AI and tools for software development, data governance and digital content production, all openly on the cloud. Technology drives transformation and Huawei’s key technologies are the unified cloud infrastructure, unified data lake base, unified integration platform, and unified security control platform. The unified cloud infrastructure speeds up service rollout, provisioning, and implement DevOps. The united data lake base enables efficient decision-making and business value mining, while the united integration platform enables the integration and docking of data, messages and APIs between cross-business systems. The security control platform provides security service capabilities and a security governance platform to help enterprises take into account security compliance and provide escort for business. Digital transformation is a deep business change for an organization and five areas of change are recommended to support it: change of consciousness, organizational transformation, culture shift, transformation of methods, and paradigm shift. Huawei Cloud aims to make the cloud ubiquitous, make intelligence omnipresent, and build an intelligent world cloud base together. It has built a contract management center to realize the capabilities of automatic contract review, global contract review, intelligent response to bids, similar contract recommendation, automatic analysis of terms and conditions and intelligent identification of risks. Source: itweb 🔥 Trending Stories 14 Tech Leaders Offer Their Best Pieces of Advice to New Entrepreneurs Ultimate Guide For Hiring On-demand Developers For Your Startup Top 25 Digital Transformation Influencers You Need to Follow  

How the rise of A2P SMS is shaping Africa’s digital transformation?

Africa is in the midst of a golden age of digital transformation and e-commerce expansion, made possible by the proliferation of A2P SMS (Application-to-Person Short Message Service). As the percentage of people with mobile subscriptions continues to climb across the continent, businesses are searching for fresh and novel approaches to consumer communication. A new study estimates that the market in Africa would be worth $14.2 billion by the year 2025, which is a considerable increase from its present valuation of $6.6 billion. Its expansion is being driven by the increased demand for mobile messaging services across a variety of industries, including retail, healthcare, and banking, among others. E-commerce has also exploded across the continent, with 21% of Africans already purchasing online and that number is anticipated to climb to 40% by the year 2025. The expansion of messaging platforms that provide comprehensive SMS API services, such as SMS.to, will continue, and businesses have a responsibility to make the most of this opportunity in order to improve their communication strategies and propel their expansion. Source: Business Insider 🔥 Trending Stories 14 Tech Leaders Offer Their Best Pieces of Advice to New Entrepreneurs Ultimate Guide For Hiring On-demand Developers For Your Startup Top 25 Digital Transformation Influencers You Need to Follow  

Where 500 CxOs See Digital Transformation Headed In 2023

The Forbes CxO Growth Survey 3.0 surveyed over 500 global C-Suite executives and found that C-suite leaders have an insatiable appetite for cutting-edge tech moving into 2023. CIOs are focused on deploying AI/machine learning, expanding the use of IoT, and implementing augmented reality, while CMOs are mostly focused on increasing investment in cybersecurity, IoT, and AI. CFOs are prepared to invest in AI collaboration tools, and advanced workflows, while CEOs are focused on increasing budget for data and analytics and advanced workflow solutions. CHROs intend to increase expenditure on collaborative tools and improved cybersecurity solutions for the hybrid workforce. Despite uncertainty, interest in emerging technologies is increasing. CxOs are responding to volatile factors, such as cybersecurity threats, regulations & corporate tax rates, inflation and geopolitical instability, by prioritizing cutting-edge tech. The majority of CIOs anticipate that their digital transformation initiatives will be more rapid and expansive in 2023. Nearly half (48%) of CMOs consider investing in Web 3.0 initiatives—even during difficult economic times—is important and guarantees businesses keep up with developing trends and CxOs are so optimistic that they want to invest more money and resources in artificial intelligence and Web 3.0 during the next two years. Furthermore, 45% of CMOs seek to improve cybersecurity, because they believe it is directly related to providing a positive customer experience. When it comes to the supply chain, CFOs are not doing enough to reduce risk. Only 27% of CFOs plan to change their supply chains in the next two years. To optimize supply chains, CFOs will look to four specific areas of opportunity: transitioning to a digitized supply chain, partnering with more diverse suppliers, using data to identify inefficiencies, and repricing in order to meet higher costs. Source: Forbes 🔥 Trending Stories 14 Tech Leaders Offer Their Best Pieces of Advice to New Entrepreneurs Ultimate Guide For Hiring On-demand Developers For Your Startup Top 25 Digital Transformation Influencers You Need to Follow

Social media & sharing icons powered by UltimatelySocial