About the course
The course tends to be a handy guide to help a traditional business innovate, embrace, change and adopt the latest technologies to continuously optimize their products.
Innovation including Technology Adoption is no longer a disruption. It is a reality for futuristic, sustainable & profitable business operating models. It involves a vision for the future of consumer behaviour and trends in your industry and affiliate business verticals.
Businesses should overcome 6 major types of challenges while adopting tech: Organizational development, Talent Management & Retention, Analytics and insights, Resistance, Digital transformation of products and delivery.
We have incorporated 6 different modules for the course:
1. Vision & Strategy
3. Tracking and analysis
4. Change Management
5. Innovation & digital journey
6. Reiterations, Recalibrations
After this course you will:
Knowledge you will acquire
Skills you will acquire
About early registrations
The financial technology education you’ve been waiting for is just around the corner. A new range of cutting-edge courses in digital finance are coming soon!
You could be among the first few to access to a wide-ranging selection of short courses at a fraction of the price!
Pre-registrations are open for a limited time and only for the first 200 learners!
About Raj Khosla
Founder & Managing Director MyMoneyMantra
A Chartered Accountant qualified in 1979, Raj worked overseas with KPMG for 2 years and practiced professionally in Delhi for a decade before founding MyMoneyMantra 1989. His visionary and pioneering effort helped set the tone for a flourishing distribution industry for retail financial products in India. An active golfer, he has been the Captain of the Delhi Golf Club and served on the board of Indian Golf Union (IGU). He is a very highly regarded figure in the financial products distribution arena and advises several banks on their distribution strategy.
Chapter 1 | Digital Transformation: What it is & why your business needs to marry tech?
Digital transformation is integration of Technology into various areas of a business such as its ecosystem, processes and models for end to end customer fulfilment.
In 2021, a business needs innovate and marry tech to effectively meet changing customer expectations, societal shifts, and industry disruptions. The traditional business needs to become more customer-focused, agile, adaptive to new opportunities and use omni-channels to stay competitive and relevant.
The change is not only strategic or restricted to change in processes; it’s going to be a cultural shift which will challenge the existing entity, infrastructure & stakeholders. The business needs to ensure minimal loss of current resources and talent, while repositioning itself in the digital economy.
A progressive business understands that customer habits evolve continuously and so should an organisation’s operations and strategies. Innovation is thus ongoing.
Chapter 2 | Why digital transformations fail? Key barriers & challenges
Digital Transformation is the process that cannot be delegated or outsourced wholly. The leadership needs to involve itself from transition to transformation and this is one of the most challenging parts. The Founder/ CEO needs to re-imagine, reconstitute business vision and scope of change internally & externally. This may take much of the time of the CEO in underlying the repositioning of the business to the stakeholders. As business begins to walk on digital transformation pathway, common challenges may include:
- Culture Shift.
- Digital Strategy and Vision- which may continue to evolve during the path.
- IT infrastructure and digital expertise- identifying latest tech trends & assembling the same.
- Organizational Structure- retaining & upgrading existing talent, breaking silos, and adopting collaborative systems for new vision.
- Ability to quickly innovate, test & adopt.
- Scalability of business models, products, and deliveries.
Chapter 3 | What are 3 main drivers for digital transformation?
According to one report, “GE, Ford and other major players poured $1.3 trillion into transformation initiatives, 70% of which — or $900 billion —was wasted on failed programs. The biggest reason: failure to effectively communicate their goals, strategy, purpose and outlook with their employees.”
Thus, 3 drivers for successful digital adoption will be:
- Communication & Leadership – for re-imagination, sharing vision and repositioning mindsets.
- Technology – for building rapid solutions.
- Human capital- talent retention & development
It’s all about innovation, adoption, and organisational change.