Whether digital transformation is a totally alien concept or your single most important business objective, we’ve collated some fascinating facts to test what you know and need to do next. So grab the hot beverage of your choice and get stuck in.
You need people to make technology work. On the one hand there is supposedly a IT skills shortage in danger of throttling digital transformation, while at the same time we’re told that the hordes of millennials entering the workplace every year are enriching organisations with tonnes of tech-savvy know-how.
According to a survey by Capgemini, how many companies consider their shortfall in skills to be the key hurdle to their digital transformation?
*A: 77% *B: 47% *C: 7%
While people are important, so too is automation. Isn’t that the purpose of technology after all? With automation comes the science-fiction reality of artificial intelligence (AI), and the acceptance that living and working alongside clever machines will help organisations perform far more efficiently than ever before.
Leading industry analysts Gartner Group made which of the following AI predictions last year?
*A: By 2018, three million people worldwide will be supervised by a ‘robo-boss’ *B: By 2020, one million people worldwide will be supervised by a ‘robo-boss’ *C: The first workers will be supervised by a ‘robo-boss’ around the year 2025
Achieving digital transformation hinges on the understanding that technology plays out on a far broader canvas that a bunch of employees and customers sat behind hardwired PCs. Smart devices and IP endpoints are seemingly everywhere, or least within the most developed parts of the world. So, according to research by Cisco, in what year did (or will) the number of things connected to the Internet exceed the number of people on earth?
*A: 2008 *B: 2016 *C: 2024
Many claims have been overstated in the recent past, such as the forecasted impact of a revolutionary new networked device: Google Glass, the faintly ludicrous looking wearable headset that records your surroundings and projects a tiny screen onto your eyeball. It goes to show that not everything ends up having the ability to deliver digital transformation, especially when it has so many usability bugs and privacy problems.
Nobody knows how many Google Glass products were ever sold, though most estimates settle around the 50,000 mark. But, back in 2013, how many units did Business Insider forecast would be sold by the end of this year?
*A: 7,040,107 *B: 4,007,701 *C: 140,707
Big numbers are easy to throw around, but big data is a much more complicated beast and vital to the realisation of business transformation through technology. That’s because software-driven processes are dominating the day-to-day operations of successful organisations, and all of them produce huge quantities of data. Applying data science to decoding the patterns and specific occurrences within all this is like the proverbial search for needles in a haystack. It’s just that these needles are made of solid gold.
In fact Accenture Analytics found that of the more than 1,000 respondents to its recent survey, 89% said that their use of big data was ‘very important to their transformation into digital’. The question is, what are they doing with it?
*A: 94% use big data to identify new sources of revenue; 89% to develop new products and services *B: 54% use big data to reduce costs; 39% to improve customer service *C: 61% use big data to justify their position; 77% to produce interesting reports
One could argue that new things won’t happen until the future arrives, and that means waiting for tomorrow’s generation of CEOs to get through puberty and start leading the way to a technology revolution. But what about who is teaching them the habits they need to apply their digital leisure habits to study and enterprise?
According to Logicalis’ 2016 Real-Time Generation survey, how many UK 13-17 year olds think their teachers do a great job integrating digital learning into class?
*A: 81% *B: 18% *C: 1%
HOW DID YOU DO?
Mostly As Congratulations! Your comprehensive understanding of digital dynamics will stand you in good stead as you address the challenges of introducing new technology initiatives into your organisation. As everything from big data and AI, to the weird and wacky world of Internet ‘things’, competes for your attention, keep focused on your vision for a bold digital future.
Mostly Bs Well done; you were on the right lines and just a few more As would have got you a gold star. What’s really important is knowing what’s important to know about the path to digital transformation. We think that starts with coming to terms with your business objectives and accepting the key role technology can play in getting you there.
Mostly Cs Alas you were wide of the mark on too many questions, but we hope this diverting bit of fun helped you learn something valuable about the world that surrounds your digital transformation possibilities. Rest assured that only a swot would know all the answers (or just cheat and Google them) and the most important thing is determination and a positive attitude to the money making and time saving benefits your business can achieve through better use of technology.
Why not check out the following posts for more practical help about applying digital strategy and using technology to find the path to profit.