DIGITAL TRANSFORMATION
Digital Transformation Definition
Digital transformation is cross-departmental collaboration in pairing business-focused philosophies with rapid application development models, using technology, people and processes to fundamentally change business performance.
Digital is powered by cloud, mobile, big data, analytics, social and related technologies – to provide a uniform customer experience, engage as per customer convenience and create an intimate customer engagement unserved and underserved markets.
Digital Transformation Strategy
Digital transformation is planned and executed holistically, spanning all aspects of operation and organization.
The organization’s Digital transformation affects interactively its business model, internal and external processes and functions, its content, and culture.
An overall view of the design of a Digital transformation program considers the design, development and implementation of:
- A Digital core, automation, and interfaces in technology
- Partnerships, innovation and culture in market strategy.
A value proposition is developed, guided by competition, cost, technology, data and expectations driving Digital transformation.
Goals include agility, a flexible core, with APIs, partnerships, and innovation.
Digital Transformation in Finance
Inadequacies in the World’s traditional Financial Systems have hindered growth
Digital Financial Systems Transformation aims for a double bottom line of impact as well as profitability.
The World Economic Forum Cites 6 Causes
FinTech (Financial Technology) has emerged to transform Financial Services. It is the integration of software and other technologies into offerings to improve customer experience and operational efficiency. FinTechs have greatly accelerated the reach, scale and pace of development
With innovative business models and new technology platforms over greatly expanded telecommunications networks, FinTech has reached into unserved and underserved markets
Technology has great potential to help deliver the SDGs, but it can also be at the root of exclusion and inequality. We need to harness the benefits of advanced technologies for all –
UN Secretary-General Antonio Guterres, 2018
Benchmarks: Telecom Access
Current Benchmarks
Global population with cellular network access now % = 100
Global Population with Cellular Subscriptions now % = 107
Range Cellular Subscriptions % DPRK 15 – Macao 345
Global Population with Subscriptions % 2000 = 12, 1980 = .001
What Stanwork Delivers
Technology and Communications Ecosystem and Market assessment
Digital Transformation Strategy, Roadmap
Transformation Program Management, PMO development
Stakeholder engagement and communication
Program Evaluation and Health-checks
Stanwork Principal Experience
Leadership roles at Oracle Corporation: Global Financial Services Consulting, Global Industrial Consulting, Emerging Markets
Global Digital Transformation Program Director Roles at Unisys, Merrill Lynch, Society of Manufacturing Engineers
Technology implementation and capacity building advisory on World Bank Technical Assistance programs
Development and Delivery of Training on Digital Transformation in Financial Services for International Finance Corporation
Vision, project design, stakeholder consensus, funding and PMO setup for Science Applications International Corporation
Telecom market evaluation and entry plan for Motorola Solutions