BUILDING A DIGITAL ENTERPRISE – HOW TO MONETIZE YOUR BUSINESS WITH DIGITAL TECHNOLOGIES? LESSONS FROM THE FRONT LINE FOR BUSINESS AND IT PRACTITIONERS Mark Skilton Digital Business, PA Consulting Professor of Practice, Information Systems Management, WBS Mark.Skilton@paconsulting.com @mskilton @GoDigitalPA © PA Knowledge Limited 2015 1 Objectives “Digital barometer” showing the leadership, cultural and organizational challenges facing businesses and practitioners as they grapple with the “digital economy” paradigm shift. Examples of a Digital Business Model and its ramifications for the marketplace and the wider technological, economic and social ecosystem. - Hilton International, Coca Cola Enterprise, MasterCard Some concluding remarks will explore the challenges and opportunities that practitioners are looking for answers and direction for best practices in digital business. © PA Knowledge Limited 2015 2 © PA Knowledge Limited 2015 3 © PA Knowledge Limited 2015 4 © PA Knowledge Limited 2015 5 © PA Knowledge Limited 2015 6 © PA Knowledge Limited 2015 7 © PA Knowledge Limited 2015 8 © PA Knowledge Limited 2015 9 © PA Knowledge Limited 2015 10 © PA Knowledge Limited 2015 11 Summary DIGITAL ENGAGEMENT: The digital experience and opportunities that we can create. Engagement needs capabilities to happen DIGITAL CULTURE: The values, behaviours and leadership necessary for digital success. DIGITAL CAPABILITIES: What we need in business and technology to deliver the engagement. Those capabilities require the right culture to succeed © PA Knowledge Limited 2015 12 Digital Business Models © PA Knowledge Limited 2015 13 Smart Hospitality – Digital Enterprise © PA Knowledge Limited 2015 14 The Evolving marketplace & Supply chain © PA Knowledge Limited 2015 15 Digital Finance Ecosystem disruption Digital Payments Experience © PA Knowledge Limited 2015 16 Evolving Practice © PA Knowledge Limited 2015 17 Evolution of technologically enabled (digital) spaces © PA Knowledge Limited 2015 18 © PA Knowledge Limited 2015 19 Towards Digital spaces © PA Knowledge Limited 2015 20 The Microsoft lab 2019 vision 5 minute Youtube video had over 160 innovations There is an explosion of systems and end points Speed and scale moving beyond human parameters © PA Knowledge Limited 2015 21 1 every 2 seconds Towards building digital spaces … © PA Knowledge Limited 2015 22 Convergence of digitization of physical and Virtual space and time © PA Knowledge Limited 2015 23 Transformation of Workplaces by Digitization © PA Knowledge Limited 2015 Workspaces 24 From 2D to multi-dimensional Modeling – ecosystems Loci of Experience Augmented local (Mobility) environments “Web of Networks” microworld Telemetry, nano Realism © PA Knowledge Limited 2015 macrostructures Spatial Awareness macroworld Synthetic life (evolution of computing sciences) Macro environments 25 From 2D to multi-dimensional Modeling – ecosystems (evolution of computing sciences) © PA Knowledge Limited 2015 26 From 2D to multi-dimensional Modeling – ecosystems (evolution of computing sciences) © PA Knowledge Limited 2015 27 © PA Knowledge Limited 2015 28 From 2D to multi-dimensional Modeling – ecosystems (evolution of computing sciences) © PA Knowledge Limited 2015 29 From 2D to multi-dimensional Modeling – ecosystems (evolution of computing sciences) © PA Knowledge Limited 2015 30 Advanced technology Engineering Transformation © PA Knowledge Limited 2015 31 Advanced technology Engineering Transformation © PA Knowledge Limited 2015 32 Towards building digital spaces © PA Knowledge Limited 2015 33 Evolution of technologically enabled (digital) spaces © PA Knowledge Limited 2015 34 HAT is a cluster mediation Towards ecosystem mediations © PA Knowledge Limited 2015 Source: adapted from Youngjin Yoo 2010, 2012, 2014, Henfridsson 2014 35 Digital ecosystem clustering © PA Knowledge Limited 2015 36 Need for new ontology © PA Knowledge Limited 2015 37 Connected Automobile Ecosystem Car security Route Planning In car Brands Retail services Passenger services Entertainment Satellite & Telecoms Operators Location Parking Assist, Refuel, Charging Smart Traffic planning Accessory Manufacturers Virtual Showrooms © PA Knowledge Limited 2015 Driver assist, 38 Vehicle to Vehicle communication Smart Hotel Ecosystem Room facilities Loyalty cards, Connections and Transport services In room services Travel and Booking services Rooms & Facilities Reordering and Brands Reception services Room Cleaning Services © PA Knowledge Limited 2015 39 Maintenance services eRetail © PA Knowledge Limited 2015 40 Data is a manifestation of markets.. © PA Knowledge Limited 2015 41 A manifestation of the Digital Economy © PA Knowledge Limited 2015 42