Competitors can’t compete, and leaders can’t lead if they don’t know the rules of the game. Understanding how points are scored, and what is required to win is key to any competition.
In the age of digital transformation these are the key rules to learn:
- Data is the modern commercial battlefield
- Information dominance is the strategic goal
- It takes an “Optimized Information Logistics Systems” (OILS) to compete
- Advantages in speed, analytics, operational tempos and information logistics - determine the winners
- Real-time operational tempos are required
- Businesses that can “analyze data and act and with speed” dominate those which are slower
- Advantages lead to more advantages (Ax2). When you are out front, you see things first and can react faster.
- Situational awareness enables innovations and operations at a lower cost and with increased efficiencies
- Principal of API Acceleration & Mobility – As demand for mobile apps increases, an even greater demand for new APIs and changes across the business and IT will arise
- Mobile apps provide only as much value as the systems behind them
- The more data that is collected, analyzed and used, the greater the economic value and innovation opportunities it produces
- Data has a shelf life, and the economic value of data diminishes quickly over time
- The economic value of information multiplies when combined with context and right time delivery
- The size of opponents are less representative of power today, than the quality of their sensor systems, mobile communication links and their ability to use information to their advantage
- Ultimately winners will dominate by automating decision-making and executing repetitive work using robotic process automation better and faster than competitors through the implementation of artificial intelligence and machine learning
Read the full text on futureofwork.com
