Agile and Digital Thinking PowerPoint PDF

Agile and Digital Thinking 09/25/2024 1 Discussion Topics This topic discusses how agile and digital thinking is used influences the business today 09/25/2024 2 Learning Outcomes 1 2 3...

Agile and Digital Thinking 09/25/2024 1 Discussion Topics This topic discusses how agile and digital thinking is used influences the business today 09/25/2024 2 Learning Outcomes 1 2 3 4 Define agile Identify the Explain what is Understand how thinking characteristics meant by digital agile thinking of agile mindset thinking and digital thinking are used in the digital era 09/25/2024 3 Topic Agile Thinking Agile Mindset Digital Thinking Case Study 09/25/2024 4 Agile Thinking "Innovation is no longer just about new technology per se. It is about new models of organisation. Design is no longer just about form anymore but is a method of thinking that can let you to see around corners. And the high tech breakthroughs that do count today are not about speed and performance but about collaboration, conversation and co-creation.” - Bruce Nussbaum 09/25/2024 5 Agile Thinking Agile Thinking is the way of thinking which enables the ability to respond to change or solve problems quickly and easily oTake everything as lessons oAdjust actions according to the feedback oProceed toward desired outcomes, resulting in continuous improvement 09/25/2024 6 Agile Mind Set Several characteristics to make up the agile mindset: o Positive attitude o Thirst for knowledge o Goal of team success o Pragmatism o Willingness to fail 09/25/2024 7 Digital Thinking A refinement of the term digital literacy, Digital literacy refers to an individual's ability to describing the variety of thinking skills that find, evaluate, and compose clear information comprise digital literacy through writing and other media on various digital platforms 09/25/2024 8 Digital Thinking Digital Thinking refers to a mindset that leverages digital tools, technologies, and methodologies to solve problems, innovate, and create value in a fast-paced, technology- driven world. It’s a transformative approach that emphasizes the integration of digital capabilities into all aspects of business and daily life, encouraging a more agile, data-driven, and customer-centric approach to decision-making and innovation. 09/25/2024 9  Core Principles of Digital Thinking Customer-Centricity: Data-Driven Decision Agility and Flexibility: Making: Digital thinking puts the customer at Leveraging big data, artificial Digital thinking embraces agile the center of all decisions. This intelligence (AI), and machine learning methodologies, which allow involves understanding customer (ML) to inform decisions and strategies. organizations to rapidly adapt to needs through data analytics, This means making choices based on changes in the market or technology personalizing experiences, and insights derived from data rather than landscape. This involves iterative creating products or services that intuition or past experiences alone. processes, frequent feedback loops, directly address these needs. Businesses can use predictive analytics and a willingness to pivot when For example, e-commerce platforms to anticipate customer behavior and necessary. use customer browsing and purchase optimize marketing strategies or Startups often use agile frameworks to data to suggest products that are more inventory management. develop minimum viable products likely to appeal to individual users. (MVPs) that can be tested and refined quickly based on user feedback. 09/25/2024 10 Application of Digital Thinking Marketing and Customer Digital Transformation: Product Development: Operational Efficiency: Engagement: Applying digital thinking Digital thinking drives the Digital marketing strategies Organizations apply digital leads to digital development of smart, utilize data to target specific thinking to streamline transformation, where connected products that can audiences with personalized operations, reduce costs, and traditional processes are re- collect and transmit data, content, maximizing enhance efficiency. This could engineered to take improving functionality and engagement and conversion involve automating supply advantage of digital user experience over time. rates. Social media, search chains, using AI for predictive technologies. This could For instance, smart home engine optimization (SEO), maintenance, or employing involve automating manual devices like thermostats or and content marketing are blockchain for secure tasks, digitizing customer speakers use IoT technology key areas where digital transactions. interactions, or leveraging to connect and interact with thinking is applied. Manufacturers use digital cloud computing for other devices, creating a Companies like Netflix and twins—virtual replicas of scalability. more integrated and Spotify use data analytics to physical systems—to Banks, for example, have responsive home recommend content that simulate processes and transitioned to digital environment. aligns with user preferences, predict outcomes, leading to platforms, offering mobile increasing user engagement more efficient production and banking apps and online and satisfaction. maintenance schedules. services that replace traditional in-person banking activities. 09/25/2024 11  Challenges on Digital Thinking Cultural Resistance: Cybersecurity Risks: Keeping Pace with Technology: Shifting to a digital mindset requires As organizations become more digital, The rapid pace of technological change significant cultural change, which can they are also more vulnerable to cyber means that organizations must be met with resistance from employees threats. Implementing robust continually update their digital accustomed to traditional ways of cybersecurity measures is critical to capabilities to stay competitive. This working. Leaders must foster a culture protecting data and maintaining trust. requires ongoing investment in that embraces change and continuous technology and training. learning. 09/25/2024 12 Agile and Digital Thinking on Digital Era Agile Thinking Digital Thinking Flexibility and Responsiveness: Data-Driven Decision-Making: o Agile methodologies allow businesses to quickly adapt to o Utilizes big data, analytics, and AI to make informed market changes, technological advancements, and customer needs. decisions. o Enables rapid product development and iterative o Enhances personalization and customer experience. improvements. Automation and Efficiency: Collaborative Work Environment: o Streamlines business operations through digital tools o Encourages cross-functional teams and continuous customer feedback. and technologies. o o Reduces costs, increases efficiency, and optimizes Facilitates innovation through collaborative and transparent processes. resource allocation. Faster Time-to-Market: Innovation and Transformation: o Short development cycles ensure quicker delivery of products o Leverages emerging technologies (e.g., IoT, AI, and services. o Blockchain) to drive innovation. Competitive advantage through faster deployment and updates. o Enables new business models, digital products, and services. 09/25/2024 13 Group Discussion Watch and discuss the content of the video: o https://www.youtube.com/watch?v=NrmMk1Myrxc&feature =youtu.be 09/25/2024 14 Case Study on Airbnb –WATCH THIS VIDEO: ARTICLE: HTTPS://WWW.YOUTUBE.COM/WATCH?V=1TC9YSC HTTPS://WWW.GROWTHMANIFESTO.COM/AIRBNB- MTN8 GROWTH-STRATEGY 09/25/2024 15