Podcast
Questions and Answers
What does the acronym SMAC stand for in the context of digital transformation?
What does the acronym SMAC stand for in the context of digital transformation?
Social, Mobile, Analytics, Cloud
According to the SMAC model, which component involves Big Data analytics and mining for meaning using AI?
According to the SMAC model, which component involves Big Data analytics and mining for meaning using AI?
- Social
- Analytics (correct)
- Mobile
- Cloud
According to IDC (2013), how much faster was the investment in 3rd Platform technologies projected to grow compared to 2nd Platform technologies between 2013 and 2020?
According to IDC (2013), how much faster was the investment in 3rd Platform technologies projected to grow compared to 2nd Platform technologies between 2013 and 2020?
Over 20 times faster
What percentage of cumulative investment growth between 2013 and 2020 was attributed to the 3rd Platform?
What percentage of cumulative investment growth between 2013 and 2020 was attributed to the 3rd Platform?
Identify the key technologies associated with the 3rd IT Platform for Business Innovation.
Identify the key technologies associated with the 3rd IT Platform for Business Innovation.
What technologies are characteristic of the 1st Platform of IT Growth?
What technologies are characteristic of the 1st Platform of IT Growth?
What technologies are characteristic of the 2nd Platform of IT Growth?
What technologies are characteristic of the 2nd Platform of IT Growth?
What is described as the '4th Platform' in the context of digital transformation?
What is described as the '4th Platform' in the context of digital transformation?
Define Digital Transformation as putting technology at the heart of an organization.
Define Digital Transformation as putting technology at the heart of an organization.
List some examples of companies often cited in relation to Digital Transformation.
List some examples of companies often cited in relation to Digital Transformation.
List some examples of applications that leverage Digital Transformation concepts.
List some examples of applications that leverage Digital Transformation concepts.
According to The Conference Board (2016), which of the following is NOT listed as one of the six things companies do to succeed in the New Digital Economy?
According to The Conference Board (2016), which of the following is NOT listed as one of the six things companies do to succeed in the New Digital Economy?
List three business challenges mentioned in the context of the digital world.
List three business challenges mentioned in the context of the digital world.
Identify some IT challenges businesses face when trying to meet demands.
Identify some IT challenges businesses face when trying to meet demands.
What are the key objectives of IT Transformation?
What are the key objectives of IT Transformation?
What drives cloud adoption according to the presentation?
What drives cloud adoption according to the presentation?
What benefits does cloud computing provide in the context of IT Transformation?
What benefits does cloud computing provide in the context of IT Transformation?
What are the three main components of IT Transformation discussed?
What are the three main components of IT Transformation discussed?
What changes related to 'People' occur during IT Transformation?
What changes related to 'People' occur during IT Transformation?
What changes related to 'Process' occur during IT Transformation?
What changes related to 'Process' occur during IT Transformation?
What changes related to 'Technology' occur during IT Transformation?
What changes related to 'Technology' occur during IT Transformation?
Flashcards
SMACIT
SMACIT
Social, Mobile, Analytics, Cloud, and Internet of Things. Represents interconnected digital technologies transforming business.
Three IT Platforms
Three IT Platforms
Platforms enable innovative industry solutions and growth, categorized by connectivity and user interaction.
The 4th Platform
The 4th Platform
Combines community, data, devices, and intelligence to create an interconnected digital environment.
Keys to success in the New Digital Economy
Keys to success in the New Digital Economy
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IT Challenges
IT Challenges
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IT Transformation Goals
IT Transformation Goals
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Impact of IT Transformation
Impact of IT Transformation
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Key Technology Components
Key Technology Components
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Study Notes
- Digital transformation involves SMACIT (Social, Mobile, Analytics, Cloud, and IT).
SMAC
- Social refers to platforms, behavior, and business.
- Mobile encompasses mobility, BYOD (Bring Your Own Device), behavior, and abilities.
- Analytics covers big data analytics and mining data to meaning (AI).
- Cloud involves distributed, hybrid, and public scaling models.
- From 2013 to 2020, investments in 3rd platform technologies grew over 20 times faster than investments in 2nd platform technologies.
- The 3rd platform accounts for 95% of cumulative growth in investment during that period.
IT Platforms for Business Innovation
- The first platform includes mainframe, minicomputers, and early PCs, supporting millions of users and thousands of applications.
- The second platform involves networked PCs, LANs, file servers, and the internet, supporting hundreds of millions of users and tens of thousands of apps.
- The third platform consists of web, social, mobility, big data, and cloud computing, supporting billions of users and millions of apps.
- The fourth platform is a fabric of community, data, devices, and intelligence, featuring an omniconnected network.
- It includes sensors (IoT), machine intelligence, and mind/machine UXs.
- The fourth platform enables dynamic contextual services, ecosystem domination, and fully digital business models.
- The third platform facilitates omnichannel user experiences, real-time knowledge flows, and global digital communities.
- The second platform enables sharing, collaboration, and aggregation of IT.
- The first platform focuses on automation and efficiency.
- Digital transformation puts technology at the center of an organization, accelerating business and improving customer experience.
- Digital transformation is exemplified by companies like Uber, Facebook, and Alibaba.
- Digital transformation is also exemplified by applications like Siri, Google Assistant, and Amazon Alexa.
Digital Transformation Strategies
- Companies are buying more digital services as costs decrease and are doing more data analytics.
- Companies are investing more in knowledge-based assets, like training and design and are intensifying the recruitment of tech-savvy workers.
- Companies are forging new partnerships with suppliers and researchers, and are emphasizing resilience and agility.
Business Challenges in Digital Transformation
- Shrinking market opportunities
- Rising Competition
- Implications of the third platform and IoT
- Time to market
- Accurate prediction and planning for future business
IT Challenges
- Data growth
- Aging technology
- Poor scalability and security
- Shadow IT
- Financial pressure
IT Transformation Goals
- Become a strategic business
- Become a service-centric organization
- Build products and services that support business objectives
- IT transformation drives cloud adoption.
Benefits from Cloud Computing
- Business agility leading to quicker time to market
- Reduced IT infrastructure investment
- Improved resource utilization
- Reduced IT management efforts
Aspects of IT Transformation
- People: New roles and a shift in IT skills.
- Process: Automation, self-service, and chargeback models.
- Technology: Modern IT infrastructure, orchestration, and service catalog and self-service portals.
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