Digital Transformation: Strategy, Execution, and Technology

Digital transformation is a multidimensional concept and involves many moving parts. Successful digital transformation requires a fresh approach to harnessing people, processes, technology, and data to develop new business models and digital ecosystems. One main barrier could be an overemphasis on applying technology to expand the business rather than transforming the people's mindsets to do things differently. Thus, it is important to develop a holistic view of these parts and assemble them to foster the right conditions for digital transformation to happen. Business leaders and executives must be equipped with a wide range of digital competencies to thrive in a rapidly changing digital environment. Digital Transformation: Strategy, Execution, and Technology provides an overall view on the strategy, execution, and technology for organizations aiming to transform digitally. It offers insights on how to become more successful in the digital age by explaining the importance and relevance of the various building blocks which form the foundation of a digital organization. It shows the reader how to develop these building blocks in the organization as part of the digital transformation journey from both a business and technical perspective. Highlights of the book include: Digital transformation strategy Digital governance and risk management Digital organization and change management Experimental learning and design thinking Digital product management Agile and DevSecOps Digital enterprise architecture Business applications of digital technology This practical guide is written keeping business and information technology professionals and digital transformation practitioners in mind. It is also suitable for students pursuing postgraduate degrees and participants attending executive education programs in business and information technology. This book provides insights on strategy, execution and technology to enable transformation into a digital organization. It offers advice to organizations on how to become successful in this new digital age by explaining the importance and relevance of the different building blocks which form the foundation of a digital organization. Cover 1 Half Title 2 Title Page 4 Copyright Page 5 Table of Contents 6 Preface 10 Acknowledgments 12 Author 14 Introduction 16 About the Book 16 How the Book Is Organized 17 Chapter 1: Digital Transformation Strategy 20 A Transformation Journey 20 From Traditional to New Business Models 23 Digital Platforms and Ecosystems 26 Strategy Development 29 IT Capability Enhancement 33 Case Illustration 35 Summary 36 References 36 Chapter 2: Digital Governance and Risk Management 38 Balancing Conformance and Performance 38 Digital Portfolio Management 40 Risk Management 43 Performance Management 47 Data Governance 50 Case Illustration 51 Summary 51 References 52 Chapter 3: Digital Organization and Change Management 54 A Digitally Ready Workforce 54 Transforming the Way People Think and Act 56 Fundamentals of Managing Change 57 Managing Key Stakeholders 60 Managing Communication 65 Managing Competencies 67 Sustaining Change 70 Case Illustration 72 Summary 73 References 73 Chapter 4: Experimental Learning and Design Thinking 76 Learning by Trying Out New Things 76 Understanding User Behaviors 78 An Iterative Process of Discovery 80 User Experience Design 86 Case Illustration 87 Summary 88 References 89 Chapter 5: Digital Product Management 92 New Products Drive Growth 92 A Boundary Spanning Role 93 A Walkthrough of Activities 95 Core Competencies Required 97 Project Management Revisited 98 Case Illustration 103 Summary 103 References 104 Chapter 6: Agile and DevSecOps 106 Moving Quickly and Easily 106 Agile Principles and Implementation 107 Bring Together Software Development and IT Operations 110 Adding the IT Security Component 113 Transforming Organizational Culture 114 Case Illustration 117 Summary 118 References 118 Chapter 7: Digital Enterprise Architecture 120 Business and IT Alignment 120 An Enterprise-wide View 121 Enterprise Architecture Domains 123 How Information Technology Works 125 Networks 126 Data 128 IT Security 129 Cloud Computing 130 Case Illustration 131 Summary 132 References 132 Chapter 8: Business Applications of Digital Technology 134 Unlocking Limitless Possibilities 134 Artificial Intelligence 135 Big Data Analytics 137 Internet of Things 139 Wearables 140 Augmented Reality 142 Social Media 143 Robotic Process Automation 144 Cybersecurity 145 Case Illustration 145 Summary 146 References 146 Conclusion 150 Understanding the Building Blocks 150 Developing Digital Competencies 151 Final Thoughts 153 Index 154 Agile;,DevSecOps;,Digital,Governance;,change,management;,design,thinking;,innovation;,Enterprise,Systems,Mangement;,Risk,Management Agile,DevSecOps,Digital Governance,change management,design thinking,innovation,Enterprise Systems Mangement,Risk Management