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Digital Transformation (Session 4 to 6)

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Digital Transformation
- Business Model, People, Ethics

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Digital Transformation (Session 4 to 6)
 

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Digital Transformation (Session 4 to 6)Online version

Digital Transformation - Business Model, People, Ethics

by MYI IDRIS
1

1 . The " Big Shift " in modern business involves moving away from legacy thinking ( selling a physical product ) to creating a where users , providers , and partners exchange value .
2 . Software " bots " that mimic human actions on a computer screen , such as copying / pasting data and reconciling bank statements , are known as .
3 . Delivering a seamless customer journey that connects mobile browsing , web research , and in - store pick - ups is called an strategy .
4 . To transform from a legacy bank to a top tech company , DBS Bank adopted the culture , emulating tech giants like Google and Netflix while keeping " DBS " at the heart .
5 . When an employee learns entirely new skills for a different job role ? such as a bank teller training to become a Junior Data Analyst ? this is referred to as .

2

1 . A crucial part of digital leadership is establishing Psychological , which creates an environment where employees can point out flaws or suggest radical ideas without fear .
2 . The " Hotel California " effect , where proprietary formats and high cloud egress fees make it incredibly difficult to leave a service provider , is known as Lock - in .
3 . Ensuring that user information stays strictly within national borders to comply with local regulations and trust standards is referred to as Data .
4 . Creating a virtual replica of a physical asset or process ? like testing a jet engine in a virtual wind tunnel before it leaves the ground ? is called a Digital .
5 . The orchestration of multiple technologies like machine learning , process mining , and low - code platforms to achieve a " zero - touch " back office is called .

3

1 . Training an employee to use new tools for their current role , such as a marketer learning Google Analytics 4 , is known as .
2 . A business model that lowers the barrier to entry by offering standard features at no cost while charging for advanced features is called the hook .
3 . Building a composable business where different software systems can talk to each other instantly using standard protocols is a key part of the Economy .
4 . In the realm of cybersecurity , threats have evolved to include 2 . 0 , which utilizes deepfake audio or video to impersonate executives and CEOs .
5 . The accumulation of outdated 20 - year - old ERP systems , siloed data , and custom code that no one knows how to fix creates a digital anchor known as .

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