A Playbook for Managing Digital Transformation
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According to the World Economic Forum by 2025, 85 million jobs will be displaced by automation and technology but 97 million new roles will be created by 2025 as humans, machines and algorithms work together. These include robots to aid physical activities such as coral reef conservation, drones to deliver much needed medicine to remote locations, generative artificial intelligence to create new media and automation to remove routine tasks.
How Will We Get There?
According to Microsoft, Irish organisations could tap into a $100 trillion market through successful Digital Transformation of their business models. However, businesses that do not digitally transform their business model in the next 2 years, risk losing out.
The Covid-19 pandemic has had wide reaching impacts on society and business alike as we navigate digital disruption, remote working, eCommerce and even Zoom fatigue. According to McKinsey, we are entering the “next normal” – a world where digital transformation is at the heart of value creation, it is critical if businesses are to survive and thrive post-pandemic. But where do boards start?
Digital disruption can transform how industries and organizations operate. Once a multi billion dollar business, Blockbuster is now a memory of the time long gone replaced by cloud streaming and instant access. Business leaders must prepare for technological changes in their future. But this can be an overwhelming task. This list of the top 10 emerging technologies have the most potential to impact business in the near-term. To find out more about emerging technology and digital transformation check out our training.