The pace of technological change is accelerating, hyper competition is growing, opportunities for business model disruption are exploding, and comprehensive cloud delivery is readily available. These factors challenge every aspect of business technology strategy. The Innovators Imperative: Rapid Technology Adoption for Digital Transformation prepares twenty-first century businesses leaders for competing and leading in this disruptive digital environment.
Five years of research conducted by the authors suggests that leading companies have all but abandoned the requirements analysis and modeling best practices of the twentieth century. Accordingly, the authors put forth the innovators imperative that contends:
All companies wanting to be competitive should adopt emerging and disruptive technologies as quickly as possible, and in many cases, immediately.
Technology is driving business strategy, and companies are rethinking their technology strategy, especially the governance that determines how and why technology investments are made. Based on their research the authors have developed a five-step framework for digital transformation:
1.Model and simulate
2.Identify high-leverage opportunities
3.Prioritize transformational targets
4.Identify digital opportunities
5.Find courageous leaders
The book explains each of these steps to guide business leaders in architecting digital transformation projects according to their organizations market positions, budgets, objectives, and corporate culture.
Hyper-competitive, disruptive companies are jumping across technology adoption phases without regard to any phasing whatsoever. Companies focused on digital transformation often adopt emerging technologies immediately. They have become early adopters of technologies that can impact existing'and create whole new'business models and processes. This book examines this jump into new technologies, processes, and business models to prepare twenty-first century business leaders to make that leap.
1. Technology Adoption and Digital Transformation
Emerging Technology and Digital Transformation
Step 1: Model and Simulate
Step 2: Identify High-Leverage Opportunities
Step 3: Prioritize Transformation Targets
Step 4: Identify Digital Opportunities
Step 5: Find Courageous Leaders
A Growing Threat
2. Phased Technology Adoption in the 20th Century
Traditional Technology Adoption Models
The Obsolescence of Traditional Technology
Adoption Models
Historic Strategy Formation
Crossing the Chasm
The Innovators Dilemma-Plus Solution
3. Rapid Technology Adoption in the 21st Century
Findings
Statistical Analysis
The New Normal
4. The Technology-Driven Enterprise
Accelerating Consumerization
Technologies Available for Immediate Adoption
Competitive Fear
Digital Transformation
Participatory, Shared Federated Governance
Postfederated/Decentralized Technology Adoption and Delivery
Agile Technology-Enabled Business Models and Processes
Continuous, Permanent Digital Transformation
Governance!
Technology-Driven Opportunities
Operational and Strategic Opportunities
Reality Checks
Sources of (Temporary) Worry
Most Important Management Concerns
What Keeps Technology Leaders up at Night
Where the Money Goes
Spending Trends
More People (But Less Security)
Chief Information Officers Lifestyle
From Therapy to Adoption to Transformation
The Technology-Driven Enterprise
5. Forward Guidance
Whats Happening?
Enterprise IT Is Dying
Birth of Digital
Digital Transformation Skills and Competencies
Digital Transformation Readiness
Skills and Competencies for Digital Transformation
Filling the Gaps
Good Technology Clusters
Bad Technology Clusters
Transformation-Ready Industries
So What?
The Innovation Challenge
Wake up, Smell the Technology and Transform
Appendix A: Technology Adoption Survey
Appendix B: Interview Questions and Selected Responses
Appendix C: Statistical Tests
