Deciphering Digital Transformation

Computing power has allowed us to crunch data, to have so much data being processed in ways that were not possible 20 years ago.

- Rajesh Nair

We have seen multifarious changes in business cycles, black swan events like pandemics, recessions, and geopolitical turmoil. The world has always been in a state of flux. Yet with all these uncertainties, we constantly strive to use the best of management thought and technology to cope with and dominate.

There are several paradigms shifts that have occurred in management thought. The pace of change and the relevance of experience is being questioned in every field, as the truisms of yesterday seem like an afterthought today. The experience accumulated on repetitive tasks has limited use today as artificial intelligence mediums are taking over and bringing unprecedented efficiencies there. The entire first wave of digitization has adequately addressed the easy monotonous and set tasks and made them literally 'hands-free' or people-free. Artificial Intelligence goes in deeper and builds algorithms for possible outcomes. The entire subject of digital radicalisation is not the subject I am delving here and hence I digress.