Digital Quotient

It is an important element of our life to be digitized.

4 dimensions

  • Strategy - Do you think in a digital frame or in a non-digital frame?
  • Investment - Are you willing to invest in digital capabilities?
  • Adaptability - Do you have an adaptive mindset? This is a must for Data analytics to surprise you
  • Alignment - Are you willing to realign your skills with the digital era?

DQ has a Multiplier effect on each one of these dimensions.

DQ= Score (S) X Score (I) X Score (AM) X Score (A)

DQ primary means that you have an existing business and need to realign your existing one to a digital frame.

Buckets:

  1. Strategic Framework:
  2. Important to answer these 3 questions-

    1. Where is the most interesting digital opportunity or threat opening up?
    2. How quickly and on what scale is the digital disruption likely to occur?
    3. What are the best responses to embrace these opportunities proactively and reallocate my resources from the biggest threat?
    4. Paths:

    5. Path 1: {Redefining}: Small scale disruption of your own business to enter new space or redefine the existing one.

    6. Path 2: {Fast following}: The way that is created because of industries evolution.
    7. Path 3: Aggressively allocating the assets from digitally treated assets to more digitally interesting ones.
    8. Path 4: Boosting the effectiveness of the existing model through digital approaches.
    9. Capabilities at scale
    10. Fast and agile Culture
    11. Organization and talent