CHRIS DIGITALIZATION PART 2

Question 1

What is a Business Model and how is it impacted by digitalization?

Answer 1

describes the value offered by company. Digitalization has significant impact on success of businesses due to different value propositions, revenue streams and technologies.

Question 2

Describe the 4 Layers of Digitalization

Answer 2

Process Layer: adopting new digital tools and streamline processes by reducing manual steps
Optimization Layer: offering new services and discarding obsolete practices and offering existing services in new ways
Business domain layer: changing roles and value chains in ecosystems
Society layer: changing society structures (e.g.type of work)

Question 3

Describe the Triangle of Transformation with example

Answer 3

Architecture - appropriate communication & organizational structures
INFRASTRUCTURE - test automation (unit integration, acceptance)
SKILLS & EXPERTISE - domain, scrum/kanban, Coding, Technologies
CLIENT CENTRICITY - client oriented methods (design thinking, personas)
MANAGEMENT FRAMEWORK
- focusing & result orientation
LEADERSHIP & VALUES
- modern leadership principles, self orga. & personal responsibilities

Question 4

Describe how digitalization is impacting business environment by 2 focuses

Answer 4

1. Focus: internal efficiencey - improved way of working via digital means and re-planning internal processes
2. Focus: external opportunities: new business opportunities in existing business domains (new services, new customers–)

Question 5

What does Agility mean?

Answer 5

Agility is the capability of individuals, Teams & organizations to act customer-centric, flexible and autonomous,

Question 6

Name the key advantages of Agile against Transitional Leadership

Answer 6

FLEXIBILITY - shorter cycles allow faster reaction
VISIBILITY - constantly integrating clients increases visability
RISK IN DELIVERANCE - minimised; due to interaction
BUSINESS IMPACT
higher; due to priori zing along with customers

Question 7

What are the Roles within an Agile working environment?

Answer 7

AGILE COACH - supports the process
AGILE TEAM - working autonomously
PRODUCT OWNER - makes decision on products

Question 8

Traditional vs Agile leadership on the example of a MISSLE (Agile) and Cannon Ball (Tradition)

Answer 8

MISSILE
moving target, change is part of deal, adjustment expected, customer need unknown, product-market-fit unknown, explorative environment, agility works better
CANNON BALL
fixed target, no change expected, adjustments undesired, customer need know, product-market-fit known, exploitative environment - Traditional methods better?

Question 9

Describe the terms Trend and Megatrands

Answer 9

TREND
Instrument for describing changes and trends in all areas of society, devided in observable and predictable trend research (can be influenced by advertising)
MEGATREND
particularly profound and sustainable trend, affecting social and technological changes (ex. Wellness)

Question 10

What is AI?

Answer 10

Artifical Intelligence is the generic term for applications in which machines provide human-like intelligence (including Machine Learning, Natural language Processing, Deep Learning)
Basic Idea is approaching central functions of the human brain such as learning judgement & problem solving

Question 11

Difference between strong and weak AI

Answer 11

Strong AI - Ability to think
form which has the same intellectual abilities as human or even surpasses him in it - capabilities: plan, learn, logical thinking, communicate in natural language
WEAK AI-Simulating thinking
is generally developed or used for specific application domains, assertion that machines could possibly act as they are intelligent - capabilities: expert systems, Navigation systems, voice recognition, character recognition

Question 12

What are techniques to classify trends?

Answer 12

Gartner Hype-Cycle = shows which phases of public attention new tech. goes through when it is introduced
Gärtner Priority Matrix - what level of benefit can an enterprise gain from a technology?, when is tech. mature enough for an enterprise to derive this benefit at acceptable level of risk
Gartners Trend Report -
Gartner Magic Quadrant - provide a qualitative analyses into a market and its direction, maturity and participants

Question 13

Steps of Gartners Trend Report

Answer 13

1. Definition
2. Position & Adoption-Speed Justification
3. User Advice
4. .Business Impact
5. Benefit Rating
6. Market Penetration
7. Maturity
8. Sample Vendors - 9.Recommended Reading

Question 14

What is an Algorithm and what are the characteristics?

Answer 14

Procedure or formula for solving a problem based on conducting a sequence of specified actions. Character: Commands that are simple and extremely detailed to prevent misunderstandings and commands that are absolutely clear

Question 15

How are algorithms recorded

Answer 15

by programming languages due to the difficulty of understanding natural language. Programming Languages use English well defined keywords paired with mathematical operators

Question 16

What are Platforms

Answer 16

frameworks that permit collaborators - users, peers, providers - to undertake a range of activities, often creating de facto standards, forming entire ecosystems for value creation and capture
Platform reside in cloud which is infrastructure, marketplace and ecosystem at once

Question 17

How do platforms impact?

Answer 17

With algorithm, internet & cloud as building blocks we contend being a digital transformation which will extend to the internet of things and beyond. Likely to release enormous creativity but also wicked problems of management

Question 18

Types of Platforms

Answer 18

Search & Social Media: Google, Facebook
Marketplace: Amazon, Etsy
Infrastructure & Tools: Airbnb Uber

Question 19

Forms of Platforms

Answer 19

COMMONERS
creating and providing free access to public goods (wikipedia, fab lab)
MISSION-DRIVEN-PL
intermediating btw. peers to promote social cause (peerby, couchsurfing)
SHARED INFRASTRUCTUR PROVIDERS
providing monetised access to a centralised pool of proprietary resources (ZipCar, TechShip)
MATCHMAKERS
intermediating btw. peers to develop decentralised marked transactions (Uber, Airbnb)

Question 20

Name the requirements for a platform economy

Answer 20

INFRASTRUCTURE
what type?
TRAINING & SKILLS
new set of skills? widespread comfort needed, heavier investment in STEM design and art?
SOCIAL PROTECTIONS
in work contract arrangements
REGUALTORY TRANSITIONS
struggles about protections for communities, clients, work and market itself

Question 21

Describe brain computer interface

Answer 21

direct communication between an wired brain and an external device. devices that enables its users to interact with computers by mean of brain-activity only measered by an EEG. It is primarily used in the medical field to research, map, assist, augment or repair human cognitive or sensory-motor functions. Most BCIs are bi-directional means that they can both record and stimulate the nervous system.