A doctoral program that produces outstanding scholars who are leading in their fields of research. A digital company innovates to deliver enhanced products, services, and customer engagement. How to Create a Data-Driven Culture Ben Shields, senior lecturer at the MIT Sloan School of Management, outlines three steps to steward a data-driven … What most companies consider digital transformation is the equivalent of collecting fondue sets, Nils Fonstad, MIT CISR research scientist, said at the MIT Sloan CIO Symposium. We updated our original 2014 framework to reflect changes in the state of digital transformation over the past six years. Digital is exciting, thrilling — and a bit unnerving! Bring a business perspective to your technical and quantitative expertise with a bachelor’s degree in management, business analytics, or finance. “There’s an impatience to get going and show results, but becoming a successful digital business is not easy,” said Jeanne Ross, principal research scientist at the MIT Sloan Center for Information Systems Research. Here’s a pragmatic framework for blending the best of the past with your ambitions for the future. CISR’s five building blocks unfortunately do not come with assembly instructions. At MIT Sloan, we invent the future. Gerald C. (Jerry) Kane, professor at Boston College Carroll School of Management, shares four strategic steps organizations can take on their trajectory toward digital maturity. Ross is a principal research scientist with MIT Sloan’s Center for Information Systems Research, and her collaborators worked with her to distill the findings from five years of research, including surveys of hundreds of business and IT leaders and case studies of dozens of companies. “We've seen a couple of companies — GE is the big example — that started by saying, ‘Why don't we build a platform?’ But if you don't have a strong operational backbone, which they didn't, and if you don't have strong customer insights and a way to keep ratcheting those up, the platform you build is much more likely to be a waste of money,” Ross said. Ross’s word of advice: “Don’t start with an external developer platform, and don’t start this too soon. Along with fellow CISR colleague Martin Mocker and UT Austin professor emeritus Cynthia Beath, Ross spent years studying companies at the forefront of digital transformation, including DBS Bank, LEGO, Toyota, Royal Philips, and USAA, among many other global organizations. A more prudent approach, she said, is to get started on the operational backbone and customer insights, and let them drive the incremental buildout of a digital platform.Progress will feel slow, Ross warned, but your cash outlay will be low and your company’s existing bottom line protected. He can … Sloan … Digital transformation is the integration of digital technology into all areas of a business, fundamentally changing how you operate and deliver value to customers. ... Discount is valid on all MIT Sloan … Sign up for Tuesday insights. “There’s an impatience to get going and show results, but becoming a successful digital business is not easy,” said Jeanne Ross, principal research scientist at the MIT Sloan … The What-and-How of Digital Transformation separately in social media, digital product design, custom manufacturing, and other areas (See page 19). Drawing on cutting-edge research conducted at MIT Sloan’s Center for Information Systems Research (CISR), this course provides a powerful framework for transforming businesses on two dimensions: … Our next-generation campus has expanded online and distance-learning opportunities to address the evolving demands of executives. A 12-month program focused on applying the tools of modern data science, optimization and machine learning to solve real-world business problems. MIT ideas every week. MIT Sloan Executive Education is collaborating with online education provider Emeritus to deliver its executive programs through a dynamic, interactive, digital learning platform. It's also a cultural change that requires organizations to continually challenge the status quo, experiment, and get comfortable with failure. How to have productive conversations about race at work, Softening the blow of COVID-19 bankruptcies, How banks and investors can back diverse entrepreneurs. The other two are organizational capabilities: shared customer insights, and an accountability framework that coordinates the efforts of autonomous teams. MIT ideas every week. ... Great article with an interesting framework for digital transformation… A full-time MBA program for mid-career leaders eager to dedicate one year of discovery for a lifetime of impact. With that in mind, MIT Center for Digital Business and Capgemini Consulting set out investigate the ways in which large traditional companies around the world are managing – and benefiting from – Digital … ... Massachusetts Institute of Technology. Ben Shields, senior lecturer at the MIT Sloan School of Management, outlines three steps to steward a data-driven culture inside your organization. Three of the five are technology platforms: an operational backbone, a digital platform, and an external developer platform. Earn your master’s degree in engineering and management. Gerald C. (Jerry) Kane, professor at Boston College Carroll School of Business, shares key findings from his research with MIT Sloan Management Review on digitally transforming organizations. A joint program for mid-career professionals that integrates engineering and systems thinking. 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