As far as the business is concerned, every era has its own buzzword. In the late 1990s, it was the internet. At the beginning of the first decade of this century, it was social media. Now, it’s digital transformation. The gigantic importance that it has achieved can be gauged when John Chambers, former Executive Chairman of Cisco System, says, “At least 40% of all businesses will die in the next 10 years if they don’t figure out how to change their entire company to accommodate new technologies.” Clearly, digital transformation is critical to the survival of businesses – not just because of the vitality that it gives to an organization by upping its operational efficiency, but due to its ability to let an organization act proactively by taking the right decision as well. But despite such resounding affirmation from the leading lights of the market, only 34% of companies have undergone a digital transformation. Before going into the depth of the reasons behind it and the benefits of digital transformation, it’s important to have a detailed idea of the term digital transformation
Digital Transformation is the process of digitally bringing organizational changes in all possible business operations. Basically, it’s a way of changing how you function and deliver value to customers. It can be considered as a cultural change that obliges organizations to challenge the status quo and experiment repeatedly. In short, digital transformation demands an examination and reinvention of most, if not all, areas within an organization, from its supply chain and workflow, to its employee skill sets and order management, to its customer interactions and its value to stakeholders. As it deals primarily with people, it commences with empowering the employees with first-hand tools and methodologies to create data-driven strategies and innovation.
Digital transformation changes the way an organization operates. Systems, processes, workflow, and culture are all part of this process. This transformation affects each level of an organization and brings together data across areas to work together more effectively. Nigerian organizations are well positioned to be successful, achieve unprecedented growth, scale and deliver value beyond the shores of Nigeria using technology as a lever.
The course is designed to address some of the ways leaders of organisations can identify, manage and mitigate technology risks. It also helps C-level executives of banks, government Ministries departments and Agencies, and other organisations in the private sector to appreciate ICT and its transformative capabilities as an enabler to help organization prosper and grow in the digital economy. This course is none like no other as it takes into consideration; the Nigerian environment and juxtaposes the nuances of doing business with international best practices and draws insight from various economies around the world.
Leading Digital Transformation in the Digital Economy is a complex and multi-layered subject that requires a solid understanding of the fundamentals of both technology and business management, plus the ability to be flexible to the changing requirements of international businesses and organisations in industry 4.0 and the Fourth Industrial Revolution (4IR) . All aspects of the enterprise process have to work together in unison for a business operation to succeed. This five-day intensive training is designed to serve as a roadmap for understanding the key aspects and issues involved in Leading Digital Transformation. From understanding business needs and requirements to identifying tools and technology resources to complement and enable the workforce to deliver value.
Understand the Digital Transformation in the context of:
Technology is an enabler, in the same sense, it could be a disabler with the potential to cause disruptions to business operations. One specific new element of this course is the addition of the risks posed by the increasing problems of untested Software deployment in an enterprise.
We operate a cabaret-style set-up, with participants working together to consider information, develop and practice tools and solve real-world-based case studies.
Our approach is very much “discovery” led. This involves group discussions, team-based exercises quizzes and case studies and the use of audio-visual presentations. There is, of course, some formal teaching supported by good quality “workbook” and hand-outs with valuable information sources. We often bring in a competitive element to the final case study, with a modest prize for the winning team.
Each day will start with recapping on previous work and setting goals for the day. The last part of the day will almost inevitably be a case study based on some or all of the work covered to date.
The final (main) case study can be competitive, or it can also be used as part of the successful completion criteria.