Digital Reporter
Robert A. Vergara Jr.
The continuous discovery of new things to ease current business operations is seen to flourish until the future. During the Digital Transformation Summit 2017 held last May 24‑25 at SMX Convention Center in SM Aura Premiere, Taguig City, tech leaders from all over the country shared their thoughts about artificial intelligence, deep learning, Internet of Things, big data, and analytics.
I’d been talking to senior executives in the Philippines in the past two years and for them, digital transformation was a hype, like big data… Now it is [a] reality. We need to break it down further to more understandable components so that executives—those who will make decisions on digital transformation&mdashcan understand.
Business value is also accelerating because of digital transformation. Before, value was created by big companies. But now, value is created by digital companies.
Technology is accelerating. And a lot of things that we are seeing were science fiction in the past. What do you think will shape the future? The question should not be what—it’s who.
The thing that will shape the future is not technology; it’s the people. People will direct, teach, adapt, and train AI’s to be able to serve humans. We have to design a technology for humans. And that’s the trend: technology by people for people.
The winners in this digital transformation are the ones who make the rules.
The opportunity is in our people. The key and most important thing in digital transformation are the people—how fast they can adapt.
Technology is very harsh to those who do not want to innovate because if you look at it, if you don’t innovate, you’ll fall behind. Technology now dictates companies how to be more deliberate in what they want to do and their objectives.
There has to be a right balance between technology and how you get to infuse it in your organization.
Digitization is coming and big data is something that is essential to all our businesses.
The car ownership model is going to be changed. The millennials’ mindset of transportation and mobility is completely different from ours.
Digital transformation is all about culture. It involves changing the mindset of everyone in the organization, up to the executive positions.
We are living in this unprecedented time. The technological advancement and adaption rate is so much faster. And you can look at this digital transformation in two ways. You can look at it as an opportunity, but in some ways it can be seen as a threat.
We call artificial intelligence really as the weapon of mass disruption. It is a game changer. For one who knows how to see opportunities, it’s a weapon of mass progression.
With digital transformation, you will no longer need cheap labor.
If we don’t see what’s around the corner and see the great value and potential that data, data analytics, industrial internet can bring to our businesses, any sort of industrial business will be left behind.
Digital strategy drives digital maturity. Digital maturing companies are five times more likely to have a clear digital strategy.
Cybersecurity is not just about technology and computers. It’s about the people, information, and culture you have in your organization…When we talk about cybersecurity, it’s very important that everyone in the organization is aware of the things that they need to do as they implement security control. Information security is very important for a business, but the key thing is that, are all the people in the business aware of the things that they need to do on how to implement effective security measures and controls?
