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:
- Strategic Framework:
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Important to answer these 3 questions-
- Where is the most interesting digital opportunity or threat opening up?
- How quickly and on what scale is the digital disruption likely to occur?
- What are the best responses to embrace these opportunities proactively and reallocate my resources from the biggest threat?
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Paths:
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Path 1: {Redefining}: Small scale disruption of your own business to enter new space or redefine the existing one.
- Path 2: {Fast following}: The way that is created because of industries evolution.
- Path 3: Aggressively allocating the assets from digitally treated assets to more digitally interesting ones.
- Path 4: Boosting the effectiveness of the existing model through digital approaches.
- Capabilities at scale
- Fast and agile Culture
- Organization and talent