FUTUREPROOF: Large Asian organizations need to futureproof themselves during the current pandemic and here’s why

Game-Changers for the Future of Work. Futureproof and Accelerate Digital Transformation
  1. Smartphone
  2. WiFi
  3. Internet of Things
  4. Voice assistants
  5. Bluetooth
  6. Virtual Private Network (VPN)
  7. Bitcoin
  8. Blockchain
  9. Mp3
  10. Facial Recognition (or Computer Vision technology)
  11. Artificial Intelligence
  12. Drones
  13. DNA testing kit
  14. Quantum computing
  15. Social networking
  16. 3D printing
  17. Video streaming on-demand
  18. Music streaming on-demand
  19. Smart applications on mobile and connected electronics
  20. Autonomous vehicle
  21. RFID
  22. Virtual reality, augmented reality, and mixed reality technologies
  23. Video conferencing
  24. Ransomware
  25. Electronic cigerratte

Source: CNET

Futureproof Your Business to Stay Ahead

The year 2020 began with the Covid-19 global crisis, forcing unprecedented change upon leaders to maneuver into a new norm within their organizations.

During a major crisis like this, leaders must not miss opportunities to plan and execute differently to shape their organization’s culture to quickly embrace the new “Data-Driven Culture”.

Unfortunately, only 8 out of 10 companies found that the business adoption of Big Data and AI initiatives remains a major challenge.

Rapid technological advancement makes business leaders strive hard to stay up the innovation curve to remain competitive in the digital age. 

Scott Steinberg, author of the book Make Change Work For You mentions that discovering how to stay relevant is largely a process of consistently making simple, evolutionary changes versus chasing revolutionary leaps forward in business. 

Source: 7 Strategies to Help You Future-Proof Your Business

In a summary report by the Business for Peace Foundation, the firm recommends three ideas to future-proof businesses by adopting innovation. For example:

  1. Thinking outside of, and across, traditional sectors
  2. Challenging existing paradigms, industries, and truths
  3. Using technologies inclusively
  4. Collaborating across sectors and outside of our own comfort zones, including unlikely alliances

Initiate Data Culture Transformation to Futureproof Your Business

Change is inevitable, and never has it been more apparent than during this Covid-19 pandemic. Many organizations worldwide, large and small, struggle to cope with digital transformation, often at a more accelerated pace than they bargained for.

What used to take years is now happening to them at breakneck speed and compressed into mere months even, and many organizations, especially in Asia, aren’t fully prepared for the huge changes. Yet these changes will chart their future paths and revenue trajectory; therefore they can’t be ignored or swept under the carpet for a later day.

One fundamental change that is crucial for large organizations in the region is data culture transformation. In other words, it is imperative that they get their act together to foster and drive a data-driven culture. This is a necessary, sometimes challenging transformation such organizations need to undergo to futureproof themselves in a post-pandemic world.

Getting the Elephants to Dance

However, the reality is many of these “elephants” need to be taught to dance. Dancing is an acquired skill (yes, even for elephants) and not impossible, as Ms. Sharala Axryd of The Center of Applied Data Science and Harvard Business School’s Professor Dennis Campbell discuss in a recent interview.

In this interview, the two data experts discuss the essentials on the following:

  • The most profound impacts of technology on the business world today
  • The importance of data culture transformation
  • The importance of being agile in a post-pandemic world and why Asian organizations need to do it now
  • What level of readiness Asian leaders of organizations are currently at in terms of digital and data culture transformation and how they’re doing
  • The commitment level of such organizations towards data culture transformation and how they can successfully get to where they want to be

You will also learn the three key success factors for companies implementing digital transformation from watching the interview, apart from many other insights into cultivating a data-driven mindset and a successful digital transformation. Because as we all know, proper execution of a data-driven strategy is meaningless without an organization-wide, top-down cultural transformation.

Watch the video today and learn how you can help your organization attain that seemingly elusive digital and data culture transformation.

Data-Driven Organization Roadmap

Organizations need to develop a data-driven strategy to build an organization-wide data-driven culture and mindset to flourish and thrive.

We have identified 6 pillars of a data-driven organization and developed a comprehensive system to assess organizations’ data-driven maturity level.

Do you want to learn more about how to create a more robust data-driven culture in your organization?

Visit our website to find out more.

Contact us for a data-driven business strategy consultation session based on CADS Data-Driven Organization Roadmap.

Explore the Data-Driven Organization roadmap from The Center of Applied Data Science here. 

Contact us for Data-Driven Maturity Assessment for your organization. 

Expert Interview: Embracing Digital Transformation with Data-Driven Leadership and Culture

SHRI - Embracing Data-driven Leadership

The term “Data” has been a big thing for about a decade now, but do we truly understand what it means for an organization to be data-driven? Even though organizations are generating trillion bytes of raw data every day, only a handful of organizations understand how to harness business value from data with the cutting-edge … Read more Expert Interview: Embracing Digital Transformation with Data-Driven Leadership and Culture

Game Changers for the Future of Work: Interview with Prof. Dennis Campbell & Ms. Sharala Axryd

Game-Changers for the Future of Work. Futureproof and Accelerate Digital Transformation

What are the game-changers that will shape the future?

Policy Horizons recently published a report The Future of Work: Five Game Changers, where they list a list of five “game-changers, “which could transform work, the very character of the economy, and social programs underpinning the economy.

The “game-changers” include: 

  1. Society shifting from long-term and time-based employment to short-term, temporary, and skill-based work.
  2. The location of people work and earn may not be the same as the location where they live and spend
  3. Robotics and automation dramatically reduce the need for human labor 
  4. Artificial Intelligence, Machine learning, and smart machine applications decrease the scarcity of skilled, knowledge workers
  5. Simplification of the supply chain reduces the need for human intermediaries and interactions between process flow 

Read more about how the US and Canada government cope with the change here:

The federal government’s foresight agency has identified five game-changing trends related to technology that could change the future of work.

1. Quantum Computing

2. Devices That Balance Innovation And Privacy

3. Transformer Neural Network Architecture

4. WeChat 

5. Cloud-Based Automated UI Testing

6. Blockchain Security And Compliance Monitoring

7. FIDO2

8. AutoAI

9. Anti-Microbial Visible Light

10. Remote Condition Monitoring

11. Google’s Automated Phone Calls And Answering Help

12. Dual Lens Cameras

13. Telegram Splitting

14. Omniscience And Next-Best-Action Prediction

15. Color-Changing Medical Tattoos

16. Consumer eSIM

The common denominator of technologies listed above is DATA.

Organizations can tap into the rich datasets they have with the help of artificial intelligence to: 

  • Understand market needs
  • Identify consumers’ buying motivations
  • Project future sales 
  • Plan for production and delivery 
  • Manage supply chain
  • Improve operational efficiency
  • Drive customer loyalty
  • Increase brand advocacy
  • Develop new products
  • Generate higher revenue by cross-selling and upselling 
  • Identify and develop top performers 
  • Strategize market expansion plan
  • Prevent wastage of machine operation hours 
  • Enhance manpower and productivity

Data-driven leadership become the ultimate game-changer for the future

Data-driven leadership and culture are becoming increasingly important as business leaders are using data to support business decision-making—in marketing, business development, management, hiring, operations, production, risk management, etc.—with accurate data.

Just aspiring to be data-driven is not enough

Leaders in an organization need to take concrete steps to develop cultures in which a data-driven mindset can flourish.

Emerging technologies such as cloud computing, 4G/5G, biotechnology, artificial intelligence, the Internet of Things, robotics, and automation have demolished 52% of the value of Fortune 500 companies since 2010. (Source: The Myth of Destructive Digital Disruption, Medium)

In the current post-COVID-19 environment, consumer demands and preferences are ever-changing. Companies that have successfully transformed themselves digitally have done so because they have rapidly adapted and adopted digital innovation.

It’s paramount for your organization to keep your workforce up-to-date with digital transformation and technology innovation.

How do you keep your workforce up-to-date with digitalization and accelerate Digital Transformation post #COVID19?

Watch this exclusive interview video below on “Game Changers for the Future of Workforce” with Professor Dennis Campbell from Harvard Business School and Ms. Sharala Axryd, Founder and CEO of The Center of Applied Data Science.

Get insights on what makes or breaks Digital Transformation initiatives and key success factors for companies deploying Digital Transformation.

In this interview, the two data experts discuss the essentials on the following:

  • The most profound impacts of technology on the business world today
  • The importance of data culture transformation
  • The importance of being agile in a post-pandemic world and why Asian organizations need to do it now
  • What level of readiness Asian leaders of organizations are currently at in terms of digital and data culture transformation and how they’re doing
  • The commitment level of such organizations towards data culture transformation and how they can successfully get to where they want to be

Organizations need to develop a data-driven strategy to build an organization-wide data-driven culture and mindset to flourish and thrive.

We have identified 6 pillars of a data-driven organization and developed a comprehensive system to assess organizations’ data-driven maturity level.

Do you want to learn more about how to create a more robust data-driven culture in your organization?

Visit our website to find out more.

Contact us for a data-driven business strategy consultation session based on CADS Data-Driven Organization Roadmap.