A staggering 70% of digital transformations fail. Although most companies and executives know how crucial it is to evolve with technology and create digital processes and solutions, putting it into action is a different story. Many companies have endeavored on digital transformations, only to hit roadblocks. Understanding what went wrong with the following three companies can provide guidelines of things to avoid and point future digital transformations in the right direction. Read More
Technology Archives - Opus Solution
Digital transformation can fall short of business objectives for a number of reasons – so many, in fact, that if you’re stumbling, it may be difficult to determine which obstacles are tripping you up. From inadvertently missed steps, to the absence of the right people on the team, to the fatigue of continuous change, to the confusion around the term itself, digital transformation pitfalls lurk seemingly around every turn. Read More
Ten years ago, Airbnb turned the lodging industry on its head with a digitally driven model to connect lodgers with homeowners looking to rent out space. Today, the company’s internal valuation is estimated at $36 billion. In a similar timeframe, Uber simultaneously became a noun and a verb, defining a new mode of transportation through an on-demand car-service app that uses software to connect drivers with people needing rides. Today the company is worth over $11 billion. Read More
We have reached an inflection point where business success will be determined not just by sound business thinking but by the use of technology to execute on that thinking in an optimal fashion. Digital transformation is all about thinking and imagining how business models and processes are affected by the application of technologies that, up until a few years ago, were nonexistent in the business world or deemed cost-prohibitive. Read More
The digital age has dramatically changed the relationship that companies have with their customers: armed with more information than ever before, customers are now in the driver’s seat. They decide who they’ll buy from, what they want to pay, and even what the product should be. It’s an enormous reversal from the days of “this is my product or service and here’s why and where you should buy it.” Read More
The 2019 edition of the Vietnam ICT Summit is scheduled to take place on August 8 under the theme “Digital Transformation for A Prosperous Vietnam”, the organisers have announced. Read More
Over the last few years, most discussions about the next year’s Digital Transformation trends had begun to feel a bit repetitive: Cloud, Edge Compute, the IoT, AR… It always seemed like the same chairs being rearranged around the same old room. 2020 will be a departure from that. While the same core technologies that dominated these discussions will continue to be foundational to our collective digital transformation journey, 2020 will be defined by a fresh new class of technologies ready to graduate to the sidelines to center stage. Among them: 5G, AI, advanced data analytics, but also some that may surprise you. Without further ado, here are the 10 among them that I believe will be the most significant in 2020. Read More
We talk a lot about key stakeholders in digital transformation. Usually, that means a discussion about members of the C-suite, or other leaders and executives that need to “walk the walk” so employees will get onboard with the change digital transformation inevitably brings. But what about your Board members? For digital transformation to be, well, transformational, board members will need to be fully engaged—and informed—regarding tech advancement, as well. The good news: what your board needs to know about tech isn’t complicated. And it shouldn’t be a hard concept to sell. Read More
Most executives would probably say digital transformation is imperative. But they might be hard pressed to cite an example of a successful digital transformation. Read More
Some enterprises are embracing digital strategies and are roaring ahead. Others are, well, nervous about the consequences. You can’t blame the nervous Nellies — let’s face it: the digital journey isn’t all sweetness and enlightenment. It’s a messy and disruptive process. Existing products may be cannibalized. Witness the pain many publishers are going through as they move from paper-based subscription models to online models. Employees’ jobs may be re-structured, or even eliminated altogether. Consider the changes call-center staffs are seeing, as more inquiry-based tasks are handled by bots. Read More
