The Savings-Led Digital Transformation: Being More By Doing Less
Jan 09, 2025 - forbes.com
The article discusses the parallels between Roger Federer's insights from his commencement speech at Dartmouth College and the ongoing digital transformation (DX) in business. Federer emphasized that "effortless is a myth," and similarly, transitioning to modern enterprise technology like cloud-first, AI-led, and ML-enabled systems requires effort, practice, and patience. The article highlights the importance of a savings-led digital transformation approach, which allows businesses to adopt new technologies without incurring technical debt, thereby freeing up resources and enhancing efficiency and productivity.
The article further explores how advanced technologies like AI and ML are transforming industries such as healthcare by improving efficiency and allowing professionals to focus on more critical tasks. This transformation does not make people redundant but rather increases the demand for skilled professionals as systems become more efficient and faster to build. The savings-led transformation approach aims to unify technological solutions, enabling human talent to focus on higher-value tasks and fostering growth and innovation.
Key takeaways:
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Effortless transformation is a myth; it requires time, practice, and patience.
Savings-led digital transformation allows businesses to invest in new tech without incurring technical debt.
AI and ML can enhance efficiency and free up human resources for higher-value tasks.
Improving efficiency increases demand for processes and products, leading to more opportunities for people.
