What Is Your Tech Strategy?

Dec 10

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The first personal computers were launched in 1985 and the next 30 years were marked by huge changes in technology. So, what about the next 30 years? Are we on the brink of a seismic shift in technology that will radically alter the business landscape? What will do you do when machines do everything? What is your Tech Strategy?

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In This Episode, You'll Get Some Great Tips on Your Tech Strategy...

We are now in the digital age, which is the fourth industrial revolution. Only 1% of the impact of technology changes have occurred over the last 30 years, and 99% will happen over next 30 years. This makes it essential to have a Tech Strategy as part of your overall Strategy.
Data is the new oil and all companies regardless of size can make far better use of data as a competitive advantage. Listen to the comparison between the two main supermarket chains in Australia: one chain is using data in a very smart way.
The jobs bloodbath is a myth as the many of the changes are about tasks, not jobs. Consequently, many mundane tasks will be automated. Changes in technology will, therefore, create new jobs for knowledge workers.

Your Tech Strategy - Resources

Questions posed by the interview: Your Tech Strategy

How deeply and critically are you thinking about the impact of technology changes on your business? What, therefore, is your tech strategy?
Given that data is the new oil, what data in your business could you be using to grow your sales and profits?
Standing still is not an option. There are three ways you can adapt to the changes. In other words: what could you eliminate, transform and create in your business?

Introducing Michael Burke

Michael is a Corporate Strategist and Mentoring Specialist. He is your business “external safety net” and he works with you to ensure you develop and more importantly, implement a good business strategy.

Michael works equally in facilitating corporate strategy and direction in the corporate arena with boards and senior management and mentoring senior executives.

The #jobs #bloodbath is a myth as the many of the changes are about tasks not jobs. What could you eliminate, transform or create?

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Simon Fawkes

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Summary

Article Name

What To Do When Machines Do Everything? What's Your Tech Strategy?

Description

Michael Burke talks about the book "What To Do When Machines Do Everything?" He stresses the importance of a robust Tech Strategy and the importance of data, which is the new oil.

Author

Simon Fawkes

Publisher Name

Business to Markets Ltd

Publisher Logo

About the Author

I believe in thinking differently and I love challenging perceived ideas and ways of working. This brings new insights that can be the catalyst for taking a different approach. That’s why I love coaching SME business leaders to help them increase sales and profits.

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