AI adoption and tools are nice, shiny things, but in a business context, they don't really matter. The only moat is somewhere totally different. It's within your company and your brain, and it's called strategy.
Data is the key to the future – whether for efficient mobility concepts, personalized education or medical progress. Nevertheless, ignorance and concerns are hindering its use, even though it could significantly increase innovation and quality of life.
What can we do when we face uncertainty? This article gives an insight into the fundamental questions we should ask ourselfs in order to adapt to a new world.
Advances in digital technologies continue to spawn trends that are touted as solutions to solve many problems in one fell swoop. The latest example is artificial intelligence, which promises to finally shift organizations up a gear in the implementation of their digital transformation. But especially with deep digital maturity, it would be better to take care of the basics instead of putting resources into "magic" solutions like artificial intelligence.
Futurology is science, trend research is the interpretation and extrapolation of already existing trends. What exactly it is and how you can benefit from both disciplines as an entrepreneur, you can read here.
The pandemic has also shown it: state institutions and many companies are facing some challenges with digitalisation. It is no longer just about a comprehensive systematic introduction of new applications. For a quick reaction to drastic changes, modern architectures are needed first and foremost. However, their introduction requires expertise and professional project management.
In a company crisis, I have to change my leadership style in order to avoid lasting negative effects on myself and my team. The first step is to understand my own previous leadership style and then adapt it to the psychological and social challenges of my team.
Covid is forcing companies to transform their daily operations. Automation is no longer seen as a costly and complicated way for accountants to lose their jobs. Instead, it is an urgent necessity and brings with it a host of benefits.
This is the second article in the series dealing with the topic of the great transformation. I have already explained in detail in the first article that this is a large subject area that goes far beyond currently frequently discussed topics such as digital transformation, work 2.0, home office work and New Work.
In this article, I now propose a process that I consider meaningful and promising for harmonizing your company or organization as well as possible with the challenges of our time in the purpose of a location determination and realignment. This dynamic process, which is not to be understood as a concept or model, has the goal of promoting a more holistic way of thinking, which ultimately also leads to new types of structures, processes and an image of man that is better suited to the demands of our time. In my view, this is long overdue, because time is pressing, new approaches are required, and untapped potential that has been overlooked so far should be uncovered and utilized.
This is the first article in a series of articles dealing with the topic of the great transformation we are at the beginning of. The subject is complex, and the tasks to be solved are large and challenging. Not only because we are facing multiple changes that affect all areas of our lives. But also because there are so many of them (accumulation), which are coming at us at the same time, which have to be mastered under time pressure, and which are also closely related to one another (complexity).
Digital transformation can support us in many ways in coping with the tasks ahead, but it is ultimately only one part of a larger and more comprehensive set of issues. As a first step, this article aims to show why this is the case and thus lay the foundation for further articles that propose concrete ways and approaches on how we can best prepare ourselves for the future that is not yet clearly defined. The path will ultimately be to not only anticipate our future as best we can, but also to actively help shape it based on this - as individuals, as companies and as a society.
The digitization of purchasing not only brings enormous efficiency gains and cost optimization. With the digital transformation of procurement processes, entirely new workflows become possible that change the way ordered products are handled - and open up further savings potential, for example in merchandise management.