ILLUMINATION Book Chapters
Digital Intelligence — Chapter 4
Intelligence for Financial Aspect of Ventures
Chapter 1, Chapter 2, Chapter 3, Chapter 4, Chapter 5, Chapter 6a, Chapter 6b, Chapter 7a, Chapter 7b, Chapter 8, Chapter 9, Chapter 10, Chapter 11, Chapter 12, Chapter 13, Chapter 14, Chapter 15, Chapter 16, Chapter 17, Chapter 18, Chapter 19, Chapter 20, Chapter 21
Introduction
Money, especially in the form of return on investment, predominates in digital ventures. From experience, the financial aspect of digital transformation initiatives has been the most important one. This aspect requires specific intelligence.
Let’s put it this way. Even if we create a pinnacle of architecture with impeccable designs, if the solution is economically not viable and does not produce compelling returns on investment, the business stakeholders will consider the venture a failure.
Therefore, financial intelligence for any digital venture is mandatory. The financial aspect always gets priority at the executive level.
In this chapter, I provide a high-level view of digital cost and value propositions. Understanding the financial aspects makes valuable contributions to our digital intelligence.
