Digital Zero to Hero: Myth Debunking (4/8)
This is a series of 8 blogposts on Digital Leadership.
I launched the series of blogposts by polling which topics my followers will be most interested in. One of them asked me to write about Myth Debunking, something I can delightfully pronounced with my French accent. So here you go Luis Saiz Gimeno @isaiz!
Digital can only be led by Millenials
You don’t have to be 20 to get digital. Most successful transformations of incumbents have been led by senior leaders of the industry. But you do have to become Digital (see my post on your DigiFit) and start using it on your day to day routine to develop a technology culture and understand the business case derived from the digital age.
The bank start-up collaboration
Collaboration between Bank and start-up is possible, a recent survey from Nesta indicates that 75% of start-ups and scale-ups that have collaborated with corporates benefited from the experience. There are some pitfalls on the incumbent side:
• Don’t try to box the start-ups. Remember a start-up product evolve very fast. 3 months is very long for them.
• Have being good as an objective. Maybe the collaboration will not go forward but in any case, the resources of your organisation can help the start-up to develop, be by mentorship on business skills or access to one of your supplier. This was the case for the start-up Worapay collaborating with Lloyds Banking Group.
• Develop a sandbox environment where procurement, risk, sourcing and legal can be adapted to this type of collaboration
Blockchain my hero
Luis said ‘Code isn’t law. If your problem isn’t Byzantine then don’t use the B word’. There is a life beyond Blockchain. Blockchain is a disruptive technology enabling distributed infrastructure to work efficiently and cheaply rather than one centralized system. However, Blockchain is still nascent. We know some use cases in investment banking, but it has yet to expand and mature.
Technology is moving faster than ever
Yes, it is as per Moore’s Law, the Intel cofounder, technology has grown exponentially over the past 50 years. Overall, since I graduated from IT engineering 10 years ago, most of the concepts are the same. The fundamental changes, such as personalising your experience in real-time through data analysis (so called System Experts) or coming from the open source community is yet to come.
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The series of 7 blogs is inspired by my daily interactions with senior leaders across industries. As Digital became the norm, several leaders are transitioning their leadership.
2. The DigiFit: How does your leadership score in DigiSkills?
3. Myth Debunking
4. Catching the DigiTrends
5. Digital 3.0 and why it will drive your diversity agenda
6. My DigiHeroes, the true Digital Gurus
7. SmartUp: Open your digital chakras
I am Claire Calmejane, a computer engineer who has spent a decade supporting large organisations harness the power of Digital. I am always scouting for talent across the globe for my projects, if you are passionate, feel free to reach out!
Follow me on Twitter @ccalmeja or Medium Claire Calmejane
