The Impact of Increasing Digital Maturity
Enthought breaks digital maturity into five categories. In our experience, this allows management to develop a strategy and plan for the investment to ‘facilitate and accelerate transformation’, in parallel with delivering early business results.
Here, Mike Connell, COO & Chief Digital Transformation Officer (CDxO) summarizes digital maturity, and why it is important to progress with an integrated approach across the organization, giving priority to developing the digital leaders of the future.
Mike Connell | 1m49s | Business Impact Through Increasing Digital Maturity
Fundamental Elements of Digital Maturity for Science Driven Businesses
Digital Strategy: A long term, business driven vision, including organizational change management. A repeatable approach, engaging senior management, with the executive function providing governance.
Digital Skills: Start with curiosity and a problem finding mindset, and the ability to evaluate the underlying physics. Turn scientists and engineers into their digital equivalent, teaching them to rapidly develop skills that help them think and approach problems computationally.
Digital Tools: Prioritized by business value, these enable the rapid development of GUI-based tools that allow digital scientists and engineers to build their own custom solutions to solve their business problems.
Data Infrastructure & Data: Focusing on scientific data that is stored, curated, validated, and accessed through a platform, in support of a new generation of business-driven research and development workflows.
A Structure for Increasing Digital Maturity
For science-based businesses, Enthought breaks digital maturity into five categories, which in our experience allows management to develop strategy and plan for the investment to ‘facilitate and accelerate their transformation’. These categories also allow individuals and functions across the organization to understand where they fit, and what needs to be done.
Here, Mike Connell discusses the five elements of Digital Maturity, and how it is necessary that they are progressed through an integrated approach to achieve true transformative results.
Mike Connell | 0m59s |The Five Elements of Digital Maturity
“On average, Digirati (companies with the digital maturity not only to build digital innovations, but also to drive enterprise-wide transformation) are 26% more profitable than their industry competitors.
They generate 9% more revenue through their employees and physical assets, and they create more value, generating 12% higher market valuation ratios.”
— “The Digital Advantage: How digital leaders outperform their peers in every industry”
CapGemini Consulting, with the MIT Sloan School of Management
Organization Immune Responses to Digital Transformation
The strategy element of digital maturity is difficult for organizations to handle, as it is the main driver of change. People are resistant to change for many reasons. They may be concerned about no longer being expert, or having a completely new set of demands placed upon their function.
In this video, Mike discusses how resistance to change in the organization triggers what can be thought of as immune responses. For managers and leaders, it is not just governing the organization. It is about governing the transition from the machine being run today, to the machine that will be run in the future, with all the different situations that will come up during the journey.
Mike Connell | 2m27s | Strategy, Change, and Immune Responses in Digital Transformation
Develop Scientists and Engineers into Leaders of the Digital Future
The Digital Transformation Technical Leaders Program is a multi-year effort designed to develop scientists and engineers into digital scientists and engineers who will become the technical leaders of tomorrow.
The program combines training, apprenticeship, and and real workplace problem solving to accelerate the development of technical teams.