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Digital Transformation Workshop (Vision & Capabilities (Challenges…

- - - - Why do we have to be digital
      - Are we going to be able to monetize it?
      - What is the customer value?
      - How to leverage current physical asset?
      - Demonstrating digital profitability
    - - Reluctance to change
      - Cyber security concerns
      - Uncertain job security
      - Benefits to business divisions
    - - Managing transformation with today's business challenges
      - Transitioning innovation culture
      - Skills gap
      - Traditional mindset
      - Legacy system cost
    - - Uncertainty in market directions
      - Customer willingness to transform
      - What is possible
      - Do we need external help
  - - - Build a common understanding of the need and vision for transformation across the business
      - Identify value proposition and future business model
      - Create the digital transformation roadmap
    - - Collaborate with partners to co-create for gaps in capabilites
      - Set up internal digital innovation lab / incubator
      - Set up a small full-time team to drive the initiative
      - Prototype new capabilities with customers
      - horizon scanning for Tech & non-tech opportunities /challenges (legislation)
    - - Map the digital transformation Journey (Roadmap)
      - Define New value proposition & business model
      - Define the future customer experience
      - Start with visible problems first
- - - - Centralised Vs Distributed structure
      - Who owns the digital transformation initiative? IT?
      - Should it be internal or external team?
      - How to avoid silos in the digital future?
    - - is the industry ready for co-creation?
    - - Incremental Vs large delivery
      - Deliver for departments needs today Vs digital vision
  - - - Start as cross-functional centralised team
      - Team should include internal for business expertise and external for technology expertise
      - Should not report to business as usual to avoid short-termism
    - - Agile and 'Lean start-up' MVP based delivery
      - Delivery should be integrated across value chain to avoid future silos
      - Measure performance against vision and not current business set-up
      - Deliver capabilities and not solutions
- - - - Understanding ROI of new capability
      - Training and skills gap
    - - Integrating legacy systems with digital capabilities
      - Integrating data across multiple legacy systems
      - Systems migration
      - Restructuring
  - - - Go-live with valuable product increment on digital system to motivate adoption
      - Map value of vision to business divisions
      - Continuous story telling to reinforce interest through wow factors
    - - Interface digital with niche legacy systems
      - Replace general legacy systems to minimize migration
      - Only migrate what is critical for the vision and can't be digitised (core assets eg, aircraft systems, manufacturing assets)