Top Posts Curated By The Digital Transformation People 7th - 21st Apr 2022

Welcome to the latest edition of the Digital Transformation newsletter.

Some more quality content from the world of digital transformation that you may have missed.

Top Picks

Innovation Project Governance Do's & Don’ts

By Noel Sobelman

Leadership’s primary role in innovation is to establish a strategic ambition while empowering teams to discover, validate, and scale new opportunities. Companies that do this well have established a decision-making group and process that connects exploratory growth strategy to implementation. Here are some practical do's and don’ts to consider as you stand up and build exploratory innovation governance capability in an established organization.

Democratizing Transformation: Give your entire workforce the capacity to become innovators.

by Marco Iansiti and Satya Nadella

Many companies struggle to reap the benefits of investments in digital transformation, while others see enormous gains. What do successful firms do differently?

This article describes the five stages of digital transformation, from the traditional stage, where digital and technology are the province of the IT department, through to the platform stage, where a comprehensive software foundation enables the rapid deployment of AI applications.

Hybrid - The Things You Don't Know

A post?by?Dr Richard Claydon

There are some huge pros in doing hybrid work well. There are many cons in doing it badly.

The big question you have to ask yourself relates to the risk of losing all your talent to smaller, more agile competitors if you don't become more flexible, adaptable and hybrid, and whether that risk outweighs the pain of poorly implemented hybrid in the long-term.

Once you've decided on that comes the question of what good hybrid looks like.

Very little of the stuff we've seen provides decision-makers with any kind of meaningful overview of the complexities of doing, or not doing, hybrid.

Hence, we wrote this...

ROI from Digital Transformation

by Geoffrey Moore author, speaker, advisor, and best known for Crossing the Chasm and Zone to Win

When it comes to funding investment in cost-center functions like IT, efforts can often go underfunded because the ROI doesn’t meet the normal cost-justification hurdles. That’s because we are used to evaluating?Productivity Zone ?investments on the basis of direct impact on the bottom line.?

Digital transformation poses a challenge to this mindset. It can, of course, reduce costs and improve productivity, but its real impact is in changing the power of your enterprise to compete successfully in an age of disruption. That means its ROI needs to be measured by?power metrics,?not just?performance metrics. So, how can a CIO put the power equation clearly in view such that the enterprise makes better investment decisions in digital assets and services? And what are good metrics for calculating?power ROI?when applied to Productivity Zone investments??

What it takes to transform organisations for beyond digital

From David Lancefield in no. 27 of his excellent podcast series Lancefield On The Line - in this episode David speaks to two former colleagues from Strategy& , Paul Leinwand ?and?Mahadeva Matt Mani who set out seven leadership imperatives for transforming companies in the new digital era based on extensive research of twelve companies, including Philips, Microsoft and Adobe.

Signs that you need to transform your business and how to do this

by Karen Thomas-Bland

Whatever motivates you and your leadership team to embark on a transformation, it’s often easier in the immediate term not to undertake the challenge or delay the decision for just a little longer. This is often why stories of successful corporate transformation efforts are so rare. Yet strategic transformation, adapting a core business to disruptive change while also creating growth around new products, services and business models may be the leadership imperative of the 2020’s.

The cost of getting a transformation wrong in all these scenarios ranges from stalled or lower growth, reputation damage and job loss to lower shareholder value and disillusioned investors.

With only 30% of business transformations achieving their intended outcomes, the stakes couldn’t be higher. So how do you do this?

Setting your digital transformation leadership up for success.

by Tim Ellis

Leading it successfully is one of the leadership challenges of our times and with failure rates estimated to be anything from 70 -95% what can businesses do to improve their chance of success ??

What is Enterprise ModelOps: And why it's strategic for C Suite to unleash AI & ML at scale in IT and in the business.

Dion Hinchcliffe ?VP and Principal Analyst at Constellation Research shares his?latest thoughts on how the?#CIO ?can better prepare for enterprise-wide management and governance of?#AI ...

State of the CIO, 2022: Focus turns to IT fundamentals

CIOs are once again walking a tightrope between innovation and operational excellence—this time, buoyed by strong LOB alliances and a lingering pandemic glow.

The top five areas IT leaders say they have prioritized as a result of current socio-economic pressures, according to the 2022 State of the CIO:

?- Increase cybersecurity protections (65%)

- Increase operational efficiency (59%)

- Improve customer experience (57%)

- Transform existing business processes (55%)

- Improving profitability (48%)

Thanks Isaac Sacolick for summarising.?

Market Places

The Great Marketplace Gamble

As more retailers including?B&Q ?and?Superdrug ?decide to launch their own marketplaces,?Steve Collinge ?unpicks whether this is the right strategy or whether the risk to their margin and core brand values are just too high.

Steve is an International Speaker, Thought Leader, 2022 Top Retail Influencer, MD Insight Retail Group & Executive Editor Insight DIY

How do the big players monetize?? their marketplaces?

A great?post ?from?Sjoerd Handgraaf ?Marketplace advisor / CMO @Sharetribe / Librarian @?MarketplaceLibrary.com

The best marketplaces run on commission

Sharetribe studied how the top 100 marketplaces of 2021 make money. Our findings can help entrepreneurs determine the best strategies to monetize their platform.?

Becoming a Platform is Not a Strategy : A roadmap for how platforms typically evolve into being - by Geoffrey Moore

By?Geoffrey Moore? author, speaker, advisor, and best known for Crossing the Chasm and Zone to Win describes?a sequence of steps to get from current state to platform state.

How Can We Help?

Community & Knowledge Base

Join The Digital Transformation People Community & Learning Platform ?dedicated to you - The Digital Transformation People - who are tasked with leading digital transformation in your business or organisation.?

Packed full of premium content curated by us it’s designed to connect you to your peers, premium resources and conversations you wouldn’t want to miss -?on demand.

All curated around a body of knowledge to help you orientate, get started and execute on your digital transformation.??

Helping You Secure The Talent You Need To Succeed

Getting the right talent on board is critical to the success of your digital transformation. With 70% of corporations bringing in their transformation leaders from outside something is surely wrong when 84% of them continue to fail.

As specialists in the field we know what good looks like so?talk to us about our talent solutions ?for digital transformation and improve your chances of success. To start the conversation?direct message me ?here on LinkedIn.