Business Transformation Requires Transformational Leaders
Leadership and teaming skills are front and center in times of rapid change. Meet today’s constant disruption head on with expert guidance in leadership, business strategy, transformation, and innovation. Whether the disruption du jour is a digitally-driven upending of traditional business models, the pandemic-driven end to business as usual, or the change-driven challenge of staffing that meets your transformation plans—you’ll be prepared with cutting edge techniques and expert knowledge that enable strategic leadership.
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A North American energy-producing company was seeking to understand how to change its status-quo pattern of finding new solutions only when it was abundantly clear it would be unable to meet its yearly market targets. In short, it was looking for a different approach to conducting its operations organization. To that end, I encouraged leadership to focus on several areas, including the topic of this Advisor: fostering a mindset of challenging the status quo on everything.
In the digitized world of financial data, there are truly enormous volumes of heterogeneous structured and unstructured data across siloed data stores. Managing such complexity is beyond human cognitive abilities or comprehension; hence, AI-based smart machines are required to assist human cognition and decision making. We believe that if AI is to achieve its promise, financial institutions are going to have to address a range of challenges.
In this month’s issue of Cutter Business Technology Journal, we examine the latest advancements in technologies related to Industry 4.0 and the impact of these technologies on work, business, and organizations by featuring six articles that cover a range of topics.
We strongly believe our self-organizing model based in full transparency has been key to our success. In this Advisor, we take a look at each of the main positive results our company has been able to achieve thanks to this model.
This issue of Cutter Business Technology Journal examines the latest advancements in technologies related to Industry 4.0 and the impact of these technologies on work, business, and organizations. We feature six articles in this issue that cover a range of topics.
Most executives say agility is critical for the future of their business, yet only a small amount of their transformation efforts are delivering agility. This gap is caused by entrenched legacy culture and general resistance to change. Responding to these challenges and delivering business agility require more than Agile practices. Many organizations are discovering “solution focus” to be the missing piece of their transformation puzzle.
Weiyu Wang and Keng Siau address the ethical and moral predicaments that Industry 4.0 creates. They discuss Industry 4.0 ethical and moral issues from the perspective of different business-oriented forces — stakeholders and business executives, employees, customers/clients, society — and different technical-oriented forces — designers and developers, users, intelligent agents. Their framework in Industry 4.0 considers ethical issues related to data and ethical issues related to systems, technology products, and services. Their discussion will enable business executives and technical designers/developers to have a better understanding and appreciation of the ethical and moral challenges in Industry 4.0.
Keng Siau, Yingrui Xi, and Cui Zou explore the challenges and opportunities that Industry 4.0 presents in four groups of countries: developed, newly industrialized, developing, and least-developed. Industry 4.0 will impact countries in these development stages differently. The article discusses the factors that will impact the development of Industry 4.0 and provides suggestions for countries to avoid the risks inherent in Industry 4.0 and capitalize on opportunities to develop their economies. The article is beneficial to business executives as they contemplate investment decisions related to Industry 4.0.