We’ve been studying this for the last couple of years and recently wrote a paper focused at C-Suite looking at some of the issues and trends that we’re seeing around the industry, and the first one is really development of risk and strategy. We see a lot of companies have really gone after it more in a piloting approach and kind of a technology du jour verses really thinking of how does it transform my business. How do we change the top line? How do I make new businesses and services out of the data and information I have? How does it change the bottom line and I run things more efficiently?
The first is getting around this developing this holistic strategy. The second is really this change in culture and the impact on the workforce and the skills involved, and companies looking at this as not something dramatically different so they’re not necessarily drafting the workforce as someone that may fear losing their job with this disruption, that robots are going to take my place, that artificial intelligence will eliminate me for anything in the factory and will simply roadblock something robots would imparse. So welcome strategies around the skills, around the training and retraining of the workforce and simply communication plans to set the workforce somewhat at ease. The last piece of it is really around sticking to the plan. So, I developed this holistic plan, I built my roadmap, am I confident to stay with it? Is the C-level team really aligned around it, and in sticking with it, and recognizing it that there will be bumps along the road. I’ll have some failures. Failures aren’t bad as long as I recognize I’m going to fail them fast and move forward. Companies you see are failing at this, when they do fail they regress back to business as usual. Others have stayed the course, recognized as part of the business cycle of distransformation and they’re moving forward and the executive team is aligned and recognizing and accepting these in fast failures.
One of the benefits of being plugged into that is you get to see a steady flow of the thought leadership that we're putting out in the market around these topics and you get to be included and invited into a number of events where we're bringing people together to explore these issues, to define what the needs are of our clients and those participants in in the ecosystem, so that we all can begin to think about new ways to help solve those problems
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