Monday, May 20, 2019 | ePaper

Digital transformation and robotics

  • Print


G. John Cole :
Digital transformation, digital disruption, technology management, strategy, innovation, and technology are very hot topics that executives can't ignore anymore-whatever their field. Embracing the exciting world of the smart workplace is an essential challenge for established leaders who wish to drive their organizations forward.
Artificial intelligence (AI) is already changing the way that business is done. From electronic grocery store clerks (hardly R2D2!) to advanced factory networks that know how much to build, how to build it, and when to order more parts, automation ranges from the mundane to the revolutionary. So does IoT and Blockchain. Let's take a look at how these new technologies are changing business, and why business leaders must know about them.
Digital Transformation will impact everybody, including executives
CEOs at the top of the chain are turning this into an opportunity to change the way they work. Automation redefines and redistributes human resources so that employees can focus on their uniquely human strengths: talent and intellect. Repetitive tasks, including up to 20% of the average CEO's workload, can be passed on to the robot in the corner.
And it's not just the ground level realm of store checkouts and factory floors. Algorithms that can gather, verify, and consolidate data - and learn from what they find - are finding their place in the financial sector. These bots can process transactions, spot errors or patterns, and monitor compliance.
Those topics will be on their shoulders
All but the smallest of businesses will have their own digital leaders on board to establish, action, and streamline these automated processes. But home business entrepreneurs and corporate CEOs alike need to understand how the systems work and identify how they can use such systems to disrupt their respective industries and power their daily operations.
"With the 21st-century digital transformation, the adoption cycle has inverted," writes Thomas Siebel, chairman and CEO of C3 IoT. "Visionary CEOs, individually, are the engines of massive change that is unprecedented in the history of information technology-possibly unprecedented in the history of commerce."
In short, a leader shouldn't merely know what is happening in IT. He or she should understand what is possible.
A CEO who develops an intuitive understanding of what they might achieve through digital transformation is uniquely positioned to put their imagination to work strategizing a brave new future for their business.
Leaders need to gain trust from IT
If this is a moment of massive change, of course it comes with an element of doubt. Management is worried about costs and re-training. Employees are concerned for their jobs. The shareholders are nervous of the future.
To do right by these interested parties, a CxO needs vision. And to gain this vision, the leader needs to have confidence in themselves. They can discover this through a thorough knowledge of the factors at play, and an open dialogue about where technology is taking the business-and what this means for all involved.
41 North Business School attends to the needs of executives and leaders who want to be ready for digitalization, in partnership with Grenoble Ecole de Management and ESMT Berlin, both triple-accredited schools by AACSB, EQUIS, and AMBA, focusing on innovation and technology.
Set in the dynamic city of Istanbul-historically a bridge between East and West and acting as a learning hub in-between -- 41 North Business School offers academic and executive education programs adapted to business leaders' needs: an Executive MBA, a DBA, and a Digital Excellence Post Graduate Certificate.
The Executive MBA is strictly part-time, with 3-4 live classes per month (two of which are on weekends) and an online hybrid learning system to enable distance study and networking.
Istanbul's first stand-alone business school is dedicated to improving business practices in the Digital Transformation Age, focusing in innovation, technology, and strategy. Its purpose is to transform executives to leaders, pushing them to disrupt their businesses.
Executives with at least seven years of experience in decision-making positions will make the most of the school and participants will have the ability to continue their work in the meantime.
Some will look to their executive education program as a means to compete for a higher position within or outside of their present company. Others will disrupt their business, innovate, and redirect their business strategy.
Meanwhile, in the physical realm, Turkish Airlines flights run from East Mediterranean, the Middle East, and Central Asian countries. Turkey does not require a visa from many of these places, and for those who do need one, the e-visa application system is fast and straightforward.
Smart business practices begin with smart decisions. Are you ready to transform?

More News For this Category

Bring Back Native Languages

Bring Back Native Languages

Campus Desk :Native Americans spoke as many as 300 languages at one time in history. But centuries of conflict, forced removal and forced assimilation killed half of the languages.Bringing

Social Media and Global Friendship

Social Media and Global Friendship

Md. Nasir Mia :I forget to take the necessary things when I go out but do not forget to take mobile. I forget to pay the fee but don't

Life Skills Based Education

Life Skills Based Education

Gazi Md. Abdur Rashid :Education is the process of achieving all the latent peace and overall development of human body and soul. Education is the physical, emotional and characteristic

English Language Center starts at CIU

Campus Report :Chittagong Independent University (CIU) has formally launched its English Language Center (ELC) through   a short inaugural program followed by the very first class of a remedial course

DIU holds discussion on Liberation War

DIU holds discussion on Liberation War

Campus Report :Daffodil International University (DIU) arranged a discussion session on "Independence Day Celebration" with the freedom fighters and their Ward/Child studying at Daffodil International University recently at 71

Seminar on Study in Sweden at DU

Seminar on Study in Sweden at DU

Campus Report :A seminar on study in Sweden was held on Monday at the Central Gallery of Dhaka University (DU) Botany Department. DU Vice-Chancellor Prof Dr Md. Akhtaruzzaman inaugurated

Upgrading School

Upgrading School

John Kim :It used to be that you risked detention for disrupting an elementary school classroom. Nowadays, disrupting the entire school system can earn you millions of dollars in

Tribute to Prof Momen

Tribute to Prof Momen

Md Shafiul Alam  :It is hard to believe that Professor Abdul Momen is no more with us. He left us on 10 May 2016. Prof Momen was a wonderful

Teaching Leadership

Teaching Leadership

Scott A. Snook, Rakesh Khurana and Nitin Nohria :It has been more than twenty-five years since a handful of intrepid associates in West Point's Department of Behavioral Sciences and

Poverty in UK education

Poverty in UK education

Lola Okolosie :As A-level exams draw nearer, I have returned to teaching Arthur Miller's Death of a Salesman. A cautionary tale on being wedded to an ideal that is