Wednesday, March 20, 2024

How The Chief Digital Officer (CDO) Role Leads Digital Transformation Initiatives

 

The following is from Jeff Winter, Sr. Director of Industry Strategy, Manufacturing at Hitachi Solutions America. Digital transformation (DT) is a comprehensive organizational shift that involves integrating digital technologies with business processes, necessitating revised or entirely new business models. This process is not automatic and requires substantial support and leadership. Many organizations are now introducing a ๐‚๐ก๐ข๐ž๐Ÿ ๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐Ž๐Ÿ๐Ÿ๐ข๐œ๐ž๐ซ (๐‚๐ƒ๐Ž) role to lead DT initiatives. The CDO role, still in its nascent stages, can vary significantly across organizations, depending on factors like the company's digital maturity and the current Chief Information Officer's responsibilities. CDO functions align with the development of ๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐ƒ๐ฒ๐ง๐š๐ฆ๐ข๐œ ๐‚๐š๐ฉ๐š๐›๐ข๐ฅ๐ข๐ญ๐ข๐ž๐ฌ (๐ƒ๐ƒ๐‚) โ€” the ability to build, integrate, and reconfigure resources and competencies for digital transformation. CDOs are responsible for fostering: โ€ข ๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐ฌ๐ž๐ง๐ฌ๐ข๐ง๐  - Identifying trends and potential disruptions โ€ข ๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐ฌ๐ž๐ข๐ณ๐ข๐ง๐  - Utilizing digital platforms and new business models โ€ข ๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐ญ๐ซ๐š๐ง๐ฌ๐Ÿ๐จ๐ซ๐ฆ๐ข๐ง๐  - Continual realignment of assets for DT The implementation of these functions largely depends on the company's digitalization pressure and the effectiveness of its cross-functional teams. The decision to establish a CDO position is contingent upon these factors. ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:

https://www.sciencedirect.com/science/article/pii/S0040162522002979

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Friday, September 25, 2020

What Is The Most Important Question For Data Science (And Digital Transformation)?

With so many buzzwords surrounding AI and machine learning, understanding which can bring business value and which are best left in the lab to mature is difficult. While machine learning offers significant power in driving digital transformations, a business must start with the right questions and leave the math to the development teams.
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