2. Agenda
● The Current Context
● The Digital Transformation
Steps
● Key Elements of Digital
Transformation
● The Desired Action Plan
from Indian CEOs
● Technology Innovation -
www.BotWorx.ai
● The Activity - Game
5. The Context
India & The World
● Top 20 US Unicorns - 1B+
valuation
● Top 7 Indian Companies with
1B+ Valuation
● Fortune 500 going bankrupt
● Digital Transformation as 1st
Strategic Priority
● Key objectives of Digital
Transformation
● Why Digital Transformation
should be a key priority in
2017?
● CEOs must learn how to
prioritize digital
transformation
7. Top 20 US Unicorns - 1B+ valuation
● Some companies
achieved their
high-flying valuations
almost immediately after
raising a first equity
round.
● Slack’s meteoric rise
becomes very clear after
its 4th year. Lyft (nearly
4x valuation jump in less
than a year) and Airbnb
(more than 15x valuation
jump in less than a year).
● Biotech companies can
have very different time
horizons..
● Six companies of the top
20 still-private unicorns
raised their first round in
2007 or earlier:
https://www.cbinsights.com/blog/fastest-unicorns-valuation-startups/
8.
9. Top 7 Indian Unicorns - 1B+ valuation
1. E-commerce biggie - Flipkart
2. e-tailer - Snapdeal
3. Taxi-hailing app - Ola
4. One97 Communications - Paytm
5. Data analytics firm - MuSigma
6. Online classifieds service -- Quikr
7. Mobile advertisement platform - InMobi
"When you have consumers
using your products and
services, you are creating an
inherent value. When you have a
huge customer base with no
substitutes, the valuation soars,"
said founder and CEO of online
furniture marketplace”.
http://timesofindia.indiatimes.com/business/india-business/Eight-Indian-startups-in-global-1bn-club-Report/articleshow/47303933.cms
13. Digital Transformation is the 1st Strategic Priority
https://centricdigital.com/blog/digital-transformation/why-digital-transformation-should-be-a-strategic-priority-in-2017-2/
14. Key Objectives of Digital Transformation
https://www.kelltontech.com/expertise/digital-transformation
16. Why Digital Transformation should be a priority in 2017?
● Operational excellence
● Newer applications for manufacturing, logistics and augmented reality
● Truly holistic customer experience
● Customers are more empowered and pampered than ever before
● Chief innovation officers and Chief Digital Officer will emerge
● Artificial Intelligence is powering conversations, interactions and operations
● APIs will be harnesses for flexible ecosystems
● Retail expands into adjacent areas
● Connected healthcare systems will grow
https://centricdigital.com/blog/digital-transformation/why-digital-transformation-should-be-a-strategic-priority-in-2017-2/
http://www.insideindianabusiness.com/story/35177889/why-digital-transformation-should-be-your-1-business-priority
18. CEO must learn how to prioritize Digital Transformation
● CEOs must define where change is needed most
● They must choreograph the change
● They must Empower People
● They should form young and new “Project Team”-tha works well
● Democracy of Data
● Breaking down the old / hierarchy based boundaries
● Giving these new teams permissions to set new rules & business models
● Providing strategic framework and investments
● Delegate to an “orchestrator,” in the form of a Chief Digital Officer
19. Agenda
● The Current Context
● The Digital Transformation
Steps
● Key Elements of Digital
Transformation
● The Desired Action Plan
from Indian CEOs
● Technology Innovation -
www.BotWorx.ai
● The Activity - Game
25. Step 1: Create a sense of urgency
Create a sense of urgency - Identify crisis /
Potential Crisis and Identify Major Opportunities
26. Step 2: Building a Guiding Coalition
Create a new team with a mix of early adopters,
executive sponsors and even customers
27. Step 3: Develop Vision and Strategy
A good Digital Strategy would have Current state, Competitive and Industry
Analysis, Roadmap that defines high-level initiatives, High-level timeline,
Required Investment and Benefits & ROI.
28. Step 4: Communicate & Enlist Volunteers
Use all the vehicles available to communicate vision and enlist volunteers -
Town Halls, Big meetings, small meetings, Handwritten/electronic memos,
newsletters, formal and by the coffee machine interaction
29. Step 5: Empower & Remove Barriers
Have new agile structure, intake new skills, build new systems and bypass
traditional supervisors to have a flat hierarchy with each one reporting to
the new digital transformation leader
30. Step 6: Reframe Problems before solving
Bring outsiders into the discussions and question the
problems
31. Step 7: Communicate the Success
Communicate regularly on problems solved, milestones
achievements and new customer wins during the process
32. Agenda
● The Current Context
● The Digital Transformation
Steps
● Key Elements of Digital
Transformation
● The Desired Action Plan
from Indian CEOs
● Technology Innovation -
www.BotWorx.ai
● The Activity - Game
39. Digital Transformation Model with Seven Key Elements
Customer Delight
Integrated &
Personalized
Services
Analytics & BI
Master Data
Management
Enterprise Content
Management
Omni Channel
Experience
Future Business
Future Customers
Future Partners
Future Competitor
Future Geo
Org Structure
Matrix
Rigid & Watertight
Flat
CoEs
People
Skillsets
Culture
Innovation
Training
Gen X / Gen Y /
Gen Z
Stage at need
hierarchy
Intern Strategy
Leadership
Development
Technology
Cloud
SaaS
ERP/CRM
Sales Automation
Artificial
Intelligence
Marketing
Automation
Mobile Apps
e-Commerce
Customer Delight Products &
Services Offerings
Organization &
Processes
The People IT Systems &
Capabilities
Processes
Centralized
Semi-Centralized
De-Centralized
Engagement
Model
One Time Fee
Monthly Retainer
Long term
Contracts
40. Agenda
● The Current Context
● The Digital Transformation
Steps
● Key Elements of Digital
Transformation
● The Desired Action Plan
from Indian CEOs
● Technology Innovation -
www.BotWorx.ai
● The Activity - Game
44. The CEO Action Plan - Digital Transformation
1) Hire a Chief Digital Officer
2) Audit customer touch-points & business lead sources
3) Gather & finalize dashboards/reporting requirements
4) Speak with top customers / invite them to visit you
5) Do market research to identify trends / capture Insights
6) Establish innovation fund
7) Identify new products / services / business models and launch pilots
8) Evaluate Pricing models
9) Re-structure hierarchy
10) Establish Centre of Excellences
11) Hire New Skillsets
12) Establish an agile technology roadmap faster
13) Continue with the same cycle every 3 years
45. Agenda
● The Current Context
● The Digital Transformation
Steps
● Key Elements of Digital
Transformation
● The Desired Action Plan
from Indian CEOs
● Technology Innovation -
www.BotWorx.ai
● The Activity - Game
49. Introduction to BotWorx.ai
1) A silicon valley startup venture
2) Within few months of operations
got 3m$ seed funding by Costanoa
Ventures USA
3) Mr. Arvind Gupta *Former BJP head
technology) is Co-founder and
mentor
4) Highly experienced management team
5) Working closely with Facebook
product team
6) Have made a large number of
chatbots live in India and USA
7) In future AI / NLP/ Chat Bots will
replace mobile apps and human
beings and automate processes
51. Agenda
● The Current Context
● The Digital Transformation
Steps
● Key Elements of Digital
Transformation
● The Desired Action Plan
from Indian CEOs
● Technology Innovation -
www.BotWorx.ai
● The Activity - Game
54. Author
Ajay Chhabra
Ajay Chhabra
Chief Digital officer &
Digital Transformation
Expert
D. Pharma, B.A.,
Masters of International
Business (MIB - 1995-97)
ajay@botworx.ai
BrandGrowthVentures@gmail.com
0091-8368440615