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Core Elements for Digital Transformation

  1. Core Elements for Digital Transformation Chun Kang Kyobo LifePlanet June 4, 2019
  2. Table Of Content • Introduction about Chun Kang • Overview of Digital Transformation • Pioneers on Digital Transformation • Core Elements for Digital Transformation 11:54:14 PM 2Core Elements for Digital Transformation (4Th June, 2019)
  3. Chun Kang • X Generation • Husband of a beautiful wife • Father of wonderful two kids • Living on North Seoul near border in South Korea • Thirsty in software development from 1984 by 8-bit computer • Experienced to build large scale services for 192+ countries and 400M+ users • Experienced various cultures at Multi National Companies including Korea, US, UK, China, Japan, India and etc. • Driving Digital Transformation 11:54:14 PM 3Core Elements for Digital Transformation (4Th June, 2019)
  4. Chun Kang • Experienced from Pager to LTE • Experienced from Vinyl to Streaming Media • Experienced from Post Card to Social Media • Experienced from Traditional Market to Mobile Market 11:54:14 PM 4Core Elements for Digital Transformation (4Th June, 2019)
  5. Experienced means “Need efforts for Transformation” 11:54:14 PM 5Core Elements for Digital Transformation (4Th June, 2019)
  6. Startups are usually innovative, because they just bypass legacy tools when create something new from the scratch. 11:54:14 PM 6Core Elements for Digital Transformation (4Th June, 2019)
  7. Why Stereotypes are bad? What you can do about them? 11:54:14 PM 7Core Elements for Digital Transformation (4Th June, 2019) (Fixed Idea, 고정관념, 固定観念)
  8. 11:54:14 PM 8Core Elements for Digital Transformation (4Th June, 2019)
  9. 11:54:14 PM 9Core Elements for Digital Transformation (4Th June, 2019) Ham Burger is not the only food in America
  10. 11:54:14 PM 10Core Elements for Digital Transformation (4Th June, 2019) UK has sunny day like other countries, but people used to say UK is a rainy country
  11. 11:54:14 PM 11Core Elements for Digital Transformation (4Th June, 2019) Not all the Busan people have many chance to eat sashimi
  12. 11:54:14 PM 12Core Elements for Digital Transformation (4Th June, 2019)
  13. What is Digital Transformation? • Digital Transformation (DT) is not necessarily about digital technology, but about the fact that technology, which is digital, allows people to solve their traditional problems. • The transformation stage means that digital usages inherently enable new types of innovation and creativity in a particular domain, rather than simply enhance and support traditional methods. • In a narrower sense, "digital transformation" may refer to the concept of "going paperless", and reaching a "digital business maturity" which affects both individual businesses and whole segments of society, such as government, mass communications, art, medicine, and science. 11:54:14 PM 13Core Elements for Digital Transformation (4Th June, 2019)
  14. Sometimes rookie brings a disruptive idea from legacy issues. What they wanted to do is just for solving problem. 11:54:14 PM 14Core Elements for Digital Transformation (4Th June, 2019)
  15. Pioneers on Digital Transformation • Sometimes disruptive ideas are coming from traditional inconvenience, and solved by unknown creators having no presence on that industry. 11:54:14 PM 15Core Elements for Digital Transformation (4Th June, 2019)
  16. What disruptors intended are delivering better value/experience to their customers 11:54:14 PM 16Core Elements for Digital Transformation (4Th June, 2019)
  17. • Disruption often comes from outside of your sector • What we need to avoid is “Not Invented Here” 11:54:14 PM 17Core Elements for Digital Transformation (4Th June, 2019)
  18. • Why cross-industry innovation is so important? • Different Demands, Same Journey 11:54:14 PM 18Core Elements for Digital Transformation (4Th June, 2019)
  19. Digital Transformation in old Companies 11:54:14 PM 19Core Elements for Digital Transformation (4Th June, 2019)
  20. • Cal Zeiss started from Compound Microscope for microorganism, and now covers Virtual Reality as well. Cal Zeiss hear the voice of customers and enhance their product continuously. 11:54:14 PM 20Core Elements for Digital Transformation (4Th June, 2019) Reference: https://www.zeiss.com/corporate/int/about-zeiss/history.html
  21. • Samsung is started from grocery store, and now transformed to the world’s largest producers of electronic devices including appliances, digital media devices, semiconductors, memory chips, and integrated systems. 11:54:14 PM 21Core Elements for Digital Transformation (4Th June, 2019)
  22. • Microsoft started from Computer Operating System, and now transformed to Cloud Solution Company supporting multiple operating systems including Mac OS and Linux. 11:54:14 PM 22Core Elements for Digital Transformation (4Th June, 2019)
  23. Core Elements on Digital Transformation 11:54:14 PM 23Core Elements for Digital Transformation (4Th June, 2019)
  24. • What disruptors thinking are how to enhance user experience, instead of trying to find an idea how to sell 11:54:14 PM 24Core Elements for Digital Transformation (4Th June, 2019) Customer Experience Operational Process Business Model> >
  25. Transforming Customer Experience 11:54:14 PM 25Core Elements for Digital Transformation (4Th June, 2019) • Customer Understanding triggers more engagements and consumptions Reference: https://www.edureka.co/blog/data-science-vs-big-data-vs-data-analytics/
  26. • Most of A.I. solutions are mainly focused on Search & Recommendation that needs more metadata and big-data based on service use cases. 11:54:14 PM 26Core Elements for Digital Transformation (4Th June, 2019) Unstructured data is important, but makes more value/power when the model is designed based on the use cases, so it helps to deliver better search & recommendation by its associated information. Metadata is a basic foundation when design a service model.
  27. Transforming Customer Experience 11:54:14 PM 27Core Elements for Digital Transformation (4Th June, 2019) • Optimizing Process – simple/comfortable process triggers service Lock-in
  28. Transforming Customer Experience 11:54:14 PM 28Core Elements for Digital Transformation (4Th June, 2019) • Omni channel experience boost more customer engagements Source: https://catchpr.co.uk/omnichannel/
  29. Transforming Operational Processes 11:54:14 PM 29Core Elements for Digital Transformation (4Th June, 2019) • Robotic Process Automation makes expected results quickly without any human errors, so the existing workers can have more chances on creative job. Sorenson Media (acquired by Nielson) saved 90% of cost on quality testing from live TV stream for 24/7/365 by computer vision and machine learning on cloud.
  30. • Digital ecosystem like public clouds and assistant tools contributed to have PoC(Proof of Concept) in a cheaper and easier way, so many start-ups try creative ideas better easily, but none of the existing regulations cover all the cases on earth. 11:54:14 PM 30Core Elements for Digital Transformation (4Th June, 2019) New items breaking stereotypes cannot be controlled by legacy regulations Public Cloud triggered to try new idea as PoC without pre-investigation on server infrastructures
  31. Transforming Operational Processes 11:54:14 PM 31Core Elements for Digital Transformation (4Th June, 2019) • Digital tools for collaboration makes more performance and transparency Collaborative Group Chat : Slack, HipChat, Yammer, …. Collaborative Writing : Confluence, Google Docs, … Social Development : GitHub, BitBucket, Bamboo, …
  32. Transforming Operational Processes 11:54:14 PM 32Core Elements for Digital Transformation (4Th June, 2019) • Data Driven Management gives more balance and efficiency when Agile-based project is running A Kanban board gives predictability, quality and time-to-market performance A burndown chart can do more than just monitoring progress
  33. Transforming Business Models 11:54:14 PM 33Core Elements for Digital Transformation (4Th June, 2019) • Digital Buyers actively use digital tools like Reviews & Recommendations
  34. Transforming Business Models 11:54:14 PM 34Core Elements for Digital Transformation (4Th June, 2019) • Internet-based behaviors boost remote service using internet banking
  35. Transforming Business Models 11:54:14 PM 35Core Elements for Digital Transformation (4Th June, 2019) • New generations like Millennials and Gen-Z prefers digital media and service instead of face-to-face processing
  36. Transforming Business Models 11:54:14 PM 36Core Elements for Digital Transformation (4Th June, 2019) • Digital Globalization expands and accelerates the movement and exchange of ideas and commodities over vast distances.
  37. • What you need for Digital Transformation • Creative Idea to make more value • Challenge to working smart by digital solutions • What you will be faced is to Solve Problems • Stereotypes people having in the legacy orgs • Environmental Regulations like Security, Privacy and etc. 11:54:14 PM 37Core Elements for Digital Transformation (4Th June, 2019)
  38. 11:54:14 PM 38Core Elements for Digital Transformation (4Th June, 2019)
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