Thenewpatterns
- 2. let’s start with five patterns Dividing them into two big insights by connecting dots.
- 3. first insight ▸ Pattern 1: Augmenting Products to Generate Data. ▸ Pattern 2: Digitizing Assets. ▸ Pattern 3: Combining Data Within and Across Industries.
- 4. Questions arise from these patterns Questions that arise from pattern1: 1) Which of the data relate to our products and their use? 2) Which do we now keep and which could we start keeping? Questions that arise from pattern2: 1) Which of our assets are either wholly or essentially digital? 2) How can we use their digital nature to improve or augment their value? Questions that arise from pattern3: 1) How might our data be combined with data held by others to create new value?
- 5. Second insight ▸ Pattern 4: Trading Data. ▸ Pattern 5: Codifying a distinctive Service Capability
- 6. Questions arise from these patterns Questions that arise from pattern4: 1) How could our data be structured and analyzed to yield higher-value information? 2) Is there value in this data to us internally, to our current customers, to potential new customers, or to another industry? Questions that arise from pattern5: 1) Do we possess a distinctive capability that others would value? 2) Is there a way to standardize this capability so that it could be broadly useful? 3) Can we deliver this capability as a digital service?
- 7. Main questions that arise ▸ What data do we have? ▸ What data can we access that we are not capturing? ▸ What data could we create from our products or operations?
- 8. Main questions that arise ▸ What helpful data could we get from others? ▸ What data do others have that we could use in a joint initiative?
- 9. The questions seem simple, but answering them requires considerable thought in most cases.
- 10. “Armed with the answers, the team cycles back through each pattern to explore whether it, or perhaps a modification or combination of patterns, could be applicable in the company’s business context.
- 11. Want big impact?
- 13. Managerial relevance By thinking through what implications the five patterns hold for their businesses, companies and their managers can find ways to engage more fully with the digital economy and cash in on its promise.
- 14. Recap ▸ Two important insights (FIVE PATTERNS). ▸ Managerial Relevance in India.
- 15. THANK YOU 😉