Reading Time: < 1 minute Even prior to COVID-19; 92% of companies said that their business models would need to transform given digitization. However, despite the enormous efforts that companies have put into digital transformation and many of them achieving success, COVID-19 has brought vulnerabilities to surface. In our first KnolBytes session, we spoke to Vikas Hazrati, CEO & Co-Founder at Knoldus about the importance of Digital Transformation in the wake of Continue Reading
Reading Time: 5 minutes Even though businesses are used to disruption, the acute crisis that industry leaders are facing today due to COVID-19 has not been witnessed before. The global economy has never seen such counterproductive conditions. Businesses have been stalled and economic activity has been minimized now because of national lockdowns. Organizations are struggling as conventional best practices become obsolete and the future continues to grow more uncertain. Continue Reading
Reading Time: 5 minutes As companies mature in their digital transformation journey, old technologies and rules of doing business are being re-defined. Capturing customers is no longer enough and companies are focusing on how to keep them engaged with hyper-personalized experiences. There’s an explosion of data sources as everyone and everything is connected with mobile devices, social media, and IoT. What this means for a business is an exponential Continue Reading
Reading Time: 4 minutes In our previous post, we talked about the top IT pain points of the organizations. One of the most prominent ones is the reliance and lack of progress on innovation because of legacy systems. Legacy systems, which form the backbone of many enterprises are holding organizations back from leveraging new digital technologies and creating new experiences for their customers. Many organizations find it difficult to Continue Reading
Reading Time: 3 minutes Digital transformation is a herculean effort, especially if you would like to transform the entire organization. Each department, each team is a different challenge and must be addressed independently. Let us dive into how a couple of laws which are mostly used in software are hugely applicable to the modern digital transformation. Let us first start with the Amdahl’s Law on which Gunther based his Continue Reading
Reading Time: 3 minutes In the previous edition of the Digital Transformation Series, we talked about the forces which are relevant for digital transformation. We understood that Customers, Competition, Data, Innovation and Value play important roles towards the success of a Digital transformation journey. Let us look at the tools which are relevant for the the journey Strategic Ideation Tools These are the tools which allow organisations to come Continue Reading
Reading Time: 3 minutes It is not uncommon today to notice that every business is a digital business. Digital revolution has changed the traditional business strategies upside down. There are some business’ which embraced technology and the digital revolution to come out stronger like Walmart, Starbucks etc, whereas others decided to ignore it to unremarkable results (Sears, Blockbuster, Kodak). At Knoldus, we work with a lot of traditional businesses. Continue Reading
Reading Time: 4 minutes Today, you talk to any CIO, attend any CDO conference and it would have a track about going Digital. Digital transformation is a sought out area to invest … err … throw money. Without knowing how digital is going to help you and what is the technology stack that can allow you to go truly digital, I do not recommend any CIO/CDO to get into the ring.