<img src="https://i0.wp.com/staging-5ba5-digitalbpm.wpcomstaging.com/wp-content/uploads/2024/05/42105e7d-e2a3-442c-9113-d3c2e6f2ed63-1-2.png?resize=640%2C640&amp;ssl=1"> 3 Steps Success Formula 🚀 Looking to supercharge your success?
Here are 3 powerful insights from Napoleon Hill:
1️⃣ Define a Very Specific Purpose: 🔍 Clarity is key! Determine your goals with absolute definiteness. When you know exactly what you want, you pave the path to success.
2️⃣ Decide Your Priorities: 💡 Success often requires sacrifices. Decide what you want to achieve and what you&rsquo;re willing to give up to get there. Focus on what truly matters.
3️⃣ Walk with Confidence: 🚶&zwj;♂️💨 Momentum is everything! Walk with confidence and add energy to your steps. Each action you take brings you closer to your dreams.
💪 Embrace these principles and watch your success soar! #SuccessTips #NapoleonHill #PersonalDevelopment #GoalSetting #Confidence #Motivation #SuccessMindset #LinkedInLearning #ProfessionalDevelopment
Feel free to tweak it further or let me know if you need any changes!

🌟 Unlock Success with Napoleon Hill’s Wisdom! 🌟

<img src="https://i0.wp.com/staging-5ba5-digitalbpm.wpcomstaging.com/wp-content/uploads/2024/03/ee7dc73f-1dac-45d5-9073-de47ea878c96-1.png?resize=640%2C640&amp;ssl=1"> 💼 Today, as we mark International Women&rsquo;s Day and Maha Shivratri, let&rsquo;s infuse our journey with empowerment and the timeless wisdom of Shiva and Shakti! 🚀
🌸 International Women&rsquo;s Day is a tribute to the pioneering efforts of women in leveraging technology for transformation. It&rsquo;s about harnessing digital tools to break barriers, foster inclusivity, and propel us towards a future where every voice is amplified and every talent is cherished.
💫 Amidst digital evolution, Maha Shivratri beckons us to reflect on the profound fusion of masculine and feminine energies. Just as Shiva and Shakti unite in cosmic dance, women leaders embody the synergy of innovation and intuition, using technology with wisdom and empathy to drive meaningful change.
✨ So, as we honor these dual occasions, let&rsquo;s embrace our role as custodians of tech-enabled transformation. Let&rsquo;s champion diversity, nurture inclusivity, and pave the way for a future where every woman&rsquo;s leadership in harnessing technology is celebrated and empowered. Together, let&rsquo;s craft a narrative that&rsquo;s not just digitally transformative but spiritually enriching, ushering in an era of empowerment and progress! 💻🌈
#TechEnabledTransformation #WomenLeaders #Empowerment #ShivaShakti #Spirituality #Inclusion #TechInnovation #BreakBarriers #digitalbusinesstransformation #DSeTConsulting

Two celebrations, infinite inspiration for a woman leader driving tech-enabled transformation!

<figure class="wp-block-image size-large"><img class="wp-image-10069" src="https://i0.wp.com/staging-5ba5-digitalbpm.wpcomstaging.com/wp-content/uploads/2024/02/04fd04cb-2ba2-474d-ad86-63ff6614404f-1.png?resize=591%2C1005&amp;ssl=1" sizes="(max-width: 591px) 100vw, 591px" srcset="https://i0.wp.com/staging-5ba5-digitalbpm.wpcomstaging.com/wp-content/uploads/2024/02/04fd04cb-2ba2-474d-ad86-63ff6614404f-1.png?w=591&amp;ssl=1 591w, https://i0.wp.com/staging-5ba5-digitalbpm.wpcomstaging.com/wp-content/uploads/2024/02/04fd04cb-2ba2-474d-ad86-63ff6614404f-1.png?resize=176%2C300&amp;ssl=1 176w" width="591" height="1005" data-recalc-dims="1" data-attachment-id="10069" data-permalink="https://staging-5ba5-digitalbpm.wpcomstaging.com/2024/02/03/transforming-your-atom-business-to-hybrid/04fd04cb-2ba2-474d-ad86-63ff6614404f-1/" data-orig-file="https://i0.wp.com/staging-5ba5-digitalbpm.wpcomstaging.com/wp-content/uploads/2024/02/04fd04cb-2ba2-474d-ad86-63ff6614404f-1.png?fit=591%2C1005&amp;ssl=1" data-orig-size="591,1005" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="04fd04cb-2ba2-474d-ad86-63ff6614404f-1" data-image-description="" data-image-caption="" data-medium-file="https://i0.wp.com/staging-5ba5-digitalbpm.wpcomstaging.com/wp-content/uploads/2024/02/04fd04cb-2ba2-474d-ad86-63ff6614404f-1.png?fit=176%2C300&amp;ssl=1" data-large-file="https://i0.wp.com/staging-5ba5-digitalbpm.wpcomstaging.com/wp-content/uploads/2024/02/04fd04cb-2ba2-474d-ad86-63ff6614404f-1.png?fit=591%2C1005&amp;ssl=1"></figure>
Are you a conventional business or function constrained by manual processes? When your competitors talk about digital transformation aligning with Industry 4.0 Technologies, are you underperforming?
The following pointers may help:
Foster a culture of continuous learning within your organization, cultivating a mindset that thrives on innovation. Encourage curiosity and exploration to create an environment where employees are not just workers but active learners contributing to the organization&rsquo;s growth.
Forge ahead with digital transformation by securing strong leadership sponsorship and evangelism. Leaders should not only endorse but passionately champion the adoption of digital tools and strategies, setting the tone for the entire organization.
Select and implement platforms and applications strategically, recognizing their critical role in driving transformation and fostering innovation. Consider solutions that align with your business goals and empower your teams to reach new heights.
Establish seamless connections between IT and Business stakeholders, ensuring a collaborative environment for execution. Break down silos to enable a free flow of ideas, expertise, and feedback, enhancing the efficiency of your transformation initiatives.
Embrace decentralization of decision-making to transform your organization into a hyper-sensing entity. This approach allows your company to adapt swiftly to market trends and disruptions, turning challenges into opportunities through collective intelligence.
Recognize the uniqueness of your business in the digital realm. Craft a customized roadmap for your Digital Transformation and innovation journey, tailored to your specific needs and aspirations. One size does not fit all, and a well-crafted roadmap ensures a purposeful and effective transformation.
Now, considering Atom (Conventional) Businesses aspiring to grow, the essence lies in embracing Digital Transformation as a catalyst for that growth. It&rsquo;s not just about adopting digital tools; it&rsquo;s about a holistic shift in mindset and operations. Embrace change, empower your workforce, and leverage technology strategically to drive innovation and sustainable growth in the competitive digital landscape.

Transforming your Atom Business to Hybrid

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Do you need time?
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Immediate action even if imperfect triumphs over perfect but slow action or no action at all. The very thought of doing something perfect ​slows us down. A perfectionist mindset kills many significant ideas due to a lack of action. Immediate action regularly brings incremental improvement.
Many of our passions we could not pursue and some of our primary goals in life never kickstarted ​as we have procrastinated for long due to our perfectionist mindset subconsciously. Inaction breeds laziness and a vicious cycle of procrastination. A regular and fast action although imperfect used to provide growth opportunities.
Imagine a YouTuber say Ms. P, who waits for her videography​ to be perfect to post the first video vs. Ms. I, the one who started posting from where she is. For 30 days, Ms P may have posted none or significantly fewer videos vs. Ms I, who keeps posting her videos and getting better and better at doing so. Over 100 days total number of videos Ms P and Ms I posted varied, and so did the success and monetisation. Arguably quality of the videos that Ms. P produced could be better, but a greater number of videos with more viewership Ms I amassed has a higher probability of success.
&ldquo;Do you need time?&rdquo;​ depends on one&rsquo;s grit to take action and should be substantiated with a timeline. A salesman getting a response like &ldquo;I will come back to you&rdquo; means that the &ldquo;closer&rdquo; has not happened and most probably will never happen, but asking for a timeline for action improves the chance of closer the deal.
&ldquo;Do you need time?&rdquo; Yes, I do. I need &ldquo;me&rdquo; time to introspect, to master new skills, to bring a project from &ldquo;0 to 1&rdquo;, albeit following the set plan I charted for myself.
Immediate and massive action is needed, with progressive improvement.

Immediate massive action triumphs

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<blockquote>
If you could live anywhere in the world, where would it be?
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<figure class="wp-block-image size-large"><img class="wp-image-9343" src="https://i0.wp.com/staging-5ba5-digitalbpm.wpcomstaging.com/wp-content/uploads/2022/10/blog7.png?resize=640%2C457&amp;ssl=1" sizes="(max-width: 640px) 100vw, 640px" srcset="https://i0.wp.com/staging-5ba5-digitalbpm.wpcomstaging.com/wp-content/uploads/2022/10/blog7.png?w=700&amp;ssl=1 700w, https://i0.wp.com/staging-5ba5-digitalbpm.wpcomstaging.com/wp-content/uploads/2022/10/blog7.png?resize=300%2C214&amp;ssl=1 300w, https://i0.wp.com/staging-5ba5-digitalbpm.wpcomstaging.com/wp-content/uploads/2022/10/blog7.png?resize=600%2C429&amp;ssl=1 600w" alt="" width="640" height="457" data-recalc-dims="1" data-attachment-id="9343" data-permalink="https://staging-5ba5-digitalbpm.wpcomstaging.com/2022/10/17/business-model-vs-business-plan/blog7/" data-orig-file="https://i0.wp.com/staging-5ba5-digitalbpm.wpcomstaging.com/wp-content/uploads/2022/10/blog7.png?fit=700%2C500&amp;ssl=1" data-orig-size="700,500" data-comments-opened="1" data-image-meta="{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}" data-image-title="blog7" data-image-description="" data-image-caption="" data-medium-file="https://i0.wp.com/staging-5ba5-digitalbpm.wpcomstaging.com/wp-content/uploads/2022/10/blog7.png?fit=300%2C214&amp;ssl=1" data-large-file="https://i0.wp.com/staging-5ba5-digitalbpm.wpcomstaging.com/wp-content/uploads/2022/10/blog7.png?fit=640%2C457&amp;ssl=1">
<figcaption class="wp-element-caption">DSeT mindset for growth</figcaption>
</figure>
God is omnipresent. His benign presence in every atom of the universe is to lead us in the path of brightness from the shallowness of darkness and ignorance. Every human being is blessed and empowered to achieve greater heights in health, wealth, skill sets and causes of social well-being.
Our own inhibitions, low self-esteem, negative thoughts, stress, habits, situations etc. often hinder us from achieving our potential and living a dream life. With global macroeconomic conditions, job losses have been pervasive. Job loss creates severe stress and trauma for many. With the loss of livelihood, increasing expenses and no immediate income avenues in sight &ndash; many of us suffer from insurmountable mental agony. Family and near and dear ones are affected as well.
If I could live anywhere in the world, it would be the smartphones, tablets, and laptops of every such person who I can inspire and mentor to deset for growth, prosperity and towards a fulfilling life. Digital defaults to our lives and being a digital nomad imparts me the scale and platform to influence and inspire with an execution-oriented program from wherever I am and whatever resources I have.
Our formal education, parents, friends, and relatives, most of them embroiled a thought of good grades, jobs and salvation. This forces us to be enslaved to a single source of income from salary alone. Entrepreneurial spirits are not taught, nurtured or harnessed to generate multiple sources of income. The danger of a single source of income, SALARY is obvious, especially when companies are under pressure due to a poor economy, toxic work culture, inefficient managers, orthodox leadership and many more such factors.
I live in people&rsquo;s devices and inspire, motivate and positively influence towards de-setting for growth in health, wealth, skills, income and social impact one can achieve from wherever they live and whatever resources they have. I dream of living as a digital nomad, living a passionate and fulfilling life while coaching and mentoring a million others to a higher energy, growth and spiritual trajectory.
Feel free to reach out for your DSeT journey with me!

Live in every smartphone to DSeT mindsets for growth

<figure class="wp-block-pullquote">
<blockquote>
Who is the most famous or infamous person you have ever met?
</blockquote>
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Have you ever thought about the most infamous traits that hold you back from achieving your dreams?
Self-doubt and procrastination arguably are two of the most detrimental personas that hold us back. These tendencies are always hiding in oblivion in our minds and ambush our dreams from unleashing the crazy lion in us.
Overcoming self-doubt and procrastination requires conscious effort. Following is a ready reckoner:
Visualise Success
Every day one should visualise achieving the vision, mission, goals and more importantly a vivid memoir of the luxury, richness, influence and power to serve the society it brings in you. Visualisation of success is one of the key techniques to overcome self-doubt and procrastination.
Embrace Imperfection
A perfectionist mindset slows action. Taking imperfect but immediate and massive action helps us overcome these habits.
Celebrate Progress
Pat your back! Success, how small or big it is must be celebrated. The very moment you take your achievement for granted and do not celebrate, you lost the opportunity to make your happy juices flow.
Seek Support
Share your goals with friends, mentors and colleagues. Seek for help. This will help you gain speed and richness in dealing with unknown areas.
Schedule and Execute Your Goals
Deine your goals aligned to your world view, vision, mission and purpose. Execute your goals in bit sizes every day.
Focus on Process
Focusing on action than feelings will make you better to cope with achieving end outcomes than bogged down by results.
Self-love, seeking professional help, scheduling and prioritisation of tasks are some other areas to win over self doubt and procrastination.
Let me know your secret sauce and how you sprinkled It to overcome self doubt and procrastination.

Self doubt and procrastination

First impression DOESN’T last long…

Digital Transformation has remained a global executive priority over the last decade.&nbsp;<a href="https://unctad.org/news/blog-what-industry-40-and-what-will-it-mean-developing-countries#:~:text=Industry%204.0%20refers%20to%20the,%2C%20energy%20efficiency%2C%20and%20sustainability." target="_blank" rel="noreferrer noopener">Industry 4.0</a>&nbsp;revolution, also called 4IR has envisioned closer physical and digital capabilities and their intertwined coexistence that can transform businesses in a VUCA (Volatility, Uncertainty, Complexity and Ambiguity) world. A plethora of such proven digital technologies as&nbsp;<a href="https://www.investopedia.com/terms/c/cloud-computing.asp" target="_blank" rel="noreferrer noopener">cloud computing</a>,&nbsp;<a href="https://www.techopedia.com/definition/190/artificial-intelligence-ai" target="_blank" rel="noreferrer noopener">artificial intelligence</a>,&nbsp;<a href="https://www.investopedia.com/terms/q/quantum-computing.asp">quantum computing</a>,&nbsp;<a href="https://www.ibm.com/topics/what-is-a-digital-twin" target="_blank" rel="noreferrer noopener">digital twins</a>,&nbsp;<a href="https://www.techtarget.com/whatis/definition/augmented-reality-AR" target="_blank" rel="noreferrer noopener">augmented reality</a>,&nbsp;<a href="https://www.britannica.com/technology/virtual-reality" target="_blank" rel="noreferrer noopener">virtual reality</a>,&nbsp;<a href="https://www.oracle.com/in/internet-of-things/what-is-iot/" target="_blank" rel="noreferrer noopener">internet of things</a>,&nbsp;<a href="https://www.investopedia.com/terms/b/blockchain.asp" target="_blank" rel="noreferrer noopener">blockchain</a>, low code no code platforms, business analytics, meta verse, robotic process automation etc. created bountiful of opportunities in the marketplace.
Integrated digital marketing campaigns, advanced analytics, design thinking led personalised &ndash; journeys, products, services and channels, nimble and learning organisation structure, digital processes encompassing such digital capabilities and revamped ways of working, change management, and agile program management &ndash; form part of the consultative orchestration and&nbsp;co-creation&nbsp;of the strategic roadmap for a large digital transformation exercise.
Digital native firms and conventional businesses have embraced the digital transformation journey, irrespective of their current state of maturity. While digital technologies enable innovation, customer journey-centric business models underpinned by human desirability, business viability, and resource feasibility are crucial for innovation and for the success of digital transformation initiatives. Unflinching support from the leadership, clarity of vision, strategy and strategic objectives; suitable organisation structure often decentralised and empowering with defined measurement criteria e.g., balance scorecard including metrics on digital transformation benefits, building people capabilities through innovation and incubations labs, hackathons and similar organic means, percolating a culture that fosters both disruptive and incremental innovation at scale harbinger a successful digital transformation journey.&nbsp;
A successful digital transformation vision cuts across organisation silos, embracing the value chain, value streams, and key functions like finance, human resource, marketing, information technology, supply chain et al. The hyper-sensing and learning organisation thus do not shy away from reimagining its business canvases breeding new core competencies, and expanding markets, customers and streams of revenues. Once an online retailer, Amazon today is the market leader in cloud computing through the Amazon Web Services (AWS) platform, a distinctly different line of business.&nbsp;
<a href="https://www.interaction-design.org/literature/article/what-is-design-thinking-and-why-is-it-so-popular" target="_blank" rel="noreferrer noopener">Design thinking</a>&nbsp;based products, services, channels, touch-points, processes and organisation design and methodically embedding that in customer journeys is an art and science of significant proposition. This creates personalised products, services, ambience, touch-points, channels etc. holistically enriching customer experience. Starbucks&rsquo; convolution from a coffee and snack retailer to an ambience marketing organisation that hears customers&rsquo; feedback by engaging fans, customers and communities through its digital channels, and continually revamping its ambience, product and service design, digital features and capabilities is an apt case in point where open innovation preceded digital technology related prowess.
Conventional sectors like manufacturing, retail, supply chain, banking and financial services, telecom, etc. revamped their offerings, and way of working and rapidly embraced digital at scale. In the Indian context, call taxi provider, Ola owing to disruption by ride-share providers has developed a ride-share platform and now gearing up to multiple offerings like food and grocery delivery, payments etc. A conglomerate business like the Tata group has come up with Tata&nbsp;Neu, a super app that touches various facets of an individual&rsquo;s lifestyle and journeys.
In the retrospect, a few renowned global companies like Kodak, Blackberry, Blockbuster, and Nokia could barely sustain themselves sans the capability to hyper-sense opportunities and disruptions in the marketplace. For example, Kodak though has been privy to digital camera technology, resisted seizing the opportunity, wary about the impact on its then profitable camera rills business. Blockbuster declined the Netflix deal to collaborate on the video streaming segment, probably owing to its complacency, related to its market leadership in the DVD rental business. Lack of clarity of vision, and strategy, internal resistance to&nbsp;digitalisation, lack of executive buy-ins, ineffective change planning, and centralised decision-making are some of the hindrances to a successful digital transformation.
Digital native firms like Google, Amazon, Netflix, Apple, LinkedIn and Facebook (GANALF) have revolutionised their respective business models and set new benchmarks of innovation. While the business models of these large tech firms remained undisputed, lucrative and plausibly insinuated from challenges by far, now stressed. ChatGPT, though a nascent openAI based platform, looks at the search from reinforced learning algorithms, natural language processing chatbots perspective, which is different from Google&rsquo;s MUM (Multitask Unified Model) and other AI-based integrated search ranking algorithms. While Google has NLP know-how, only time will if this is a missed opportunity for Google!
Banking, financial services and the insurance sector witnessed a paradigm shift in how customers consume banking. Be it retail, small businesses, a family office-based wealth management or corporate banking, lending or payments &ndash; the entire value chain has embraced reimagined ways of devising banking products, services and channels. Arguably PhonePe, Paytm and the likes of UPI payment apps garner more transaction volume than any large bank. Younger customers and prospective customers are digitally savvy and often look for alternative asset classes like cryptocurrencies, concerned with sustainability and hence green bonds or alike products. More and more banks are transforming their core systems from a monolithic architecture to open ecosystem-based architecture; making banking more invisible and embedded across customer lifestyle journeys. Differentiated and AI-enabled credit appraisal creates more social inclusion as people and small businesses are getting funding in spite of their lack of credit history. DBS, the world&rsquo;s best bank has continually made banking more invisible thanks to its successful digital transformation program.
We are at a point of inflexion from a people capability point as the requirement of global firms fast-evolving with the market need. About 60-70% of an individual&rsquo;s job description changes over a decade of time, entailing emphasis on continual learning and skills enhancement. Industry 5.0, built upon the industry 4.0 concepts, envision a workplace where humans work with their digital counterparts like robots. Ensuing COVID-19 pandemic has proven the virtual collaborative hybrid workplace, productivity and global endorsements of such a digital-physical ecosystem.As professionals, the resilient and adaptive ones with complex cognitive problem-solving capabilities are in need of the market, who potentially morph as a centaur in the industry 5.0 era!

Digital Transformation in a VUCA world

Business model innovation due to regulatory changes, technology changes, sustainability, a balance between globalisation and hyper localisation et al remained in focus over the last decade. Global macroeconomic factors, embracing new ways of working due to the COVID-19 pandemic, capturing growth markets, better product and service offerings etc. are other key motivations to relook at business models. A business model forms a central artefact that a firm can share with the external world, can be fast to complete, provides a holistic business view, focus on value proposition and provides a structure for ideation.
A winning business model creates a virtuous cycle of value creation and value capture; and is tested in tandem with the business models of competitors and partners of the firm. For example, Boeing 747 enjoyed a monopoly in the market. Airbus has realigned its business model with Airbus 380 and was successful in competing in small and medium category commercial carriers as well. This business model not only boosted Airbus&rsquo; profitability but dented Boeing&rsquo;s business model. Boeing&rsquo;s effort to come up with a stretch of 747 dented the market share of the 747 lines itself.
A value chain model focuses on customer experience by shaping products and services more viable and desirable for customers and how to generate savings for customers by focusing on the critical path of product and service design through to sales and marketing of the same.
A business model captures executive decisions and choices to make the business viable whereas a value chain model makes better customer and savings.

Business model vs. value chain

AI can be applied to decision-making using data through the building, training and deployment of AI models to the production environment.
A typical AI model deployment process for decision is an understanding of the business domain coupled with the understanding of data, followed by the preparation of data for building AI model(s), training and evaluation of the model(s) and deployment.&nbsp;
Creating&nbsp;<a href="https://restfulapi.net/">REST APIs</a>&nbsp;using Flask Webserver, Dockers to reuse the AI models, Kubernetes orchestration platform that enables fault tolerance, auto-scaling, load balancing, rolling service updates among others, model monitoring &amp; recalibration for concept drift, data drift and assessing the model to decide recalibration need &ndash; are other essential elements of how AI can be used for decision making using data in the context of digital transformation.
Most of the cloud services providers viz.&nbsp;<a href="https://cloud.google.com/">GCP</a>,&nbsp;<a href="https://aws.amazon.com/">AWS</a>, and&nbsp;<a href="https://azure.microsoft.com/en-in/">Microsoft Azure</a>&nbsp;have AI services built-in on their offerings and can be used on a pay-as-you-go model. But then building a robust and resilient data pipeline is crucial as multiple compliance and regulations around data privacy and cloud administration are in place by respective authorities that one needs to consider for a successful AI strategy formulation.
While AI-based DevSecOps, and multiple COTS products on the same are available,&nbsp;<a href="https://www.nic.in/blogs/understanding-low-code-no-code-lcnc-platforms/">LCNC</a>&nbsp;platforms like&nbsp;<a href="http://pega.com/">Pega</a>&nbsp;have built-in AI decision engines into their platforms that could be leveraged in SaaS or PaaS models depending on the specific customer&rsquo;s need.
How does AI help in decision-making:
A decision may be categorized as simple, complicated, complex or chaotic. Based on the type of decision an AI model assesses, it aids a human decision-maker or supports a decision or augments the human knowledge and capability using predictive and prescriptive analysis. Mostly for simple decisions, may AI decides autonomously, but nevertheless, human intervention is planned for handling exceptions and errors in the decision.&nbsp;
Few use cases like payroll processing that is simple and predictable with less margin of error may be left to AI for decision automation.&nbsp;
A transaction monitoring system in a bank, where erroneous transactions can be classified based on a classification and regression or any other supervised machine learning model for a human analyst to pick high probability fraud transaction &ndash; is AI-based decision augmentation.&nbsp;
Complex decisions like a diagnosis of say mouth cancer based on multiple image analysis and historical medical data analysis of patients using AI is a decision support and here finally a doctor decides whether a case is positive or not.

AI in decision-making

A business model is a crisp and structured outline of the business proposal on how to create and capture value. This is a short and less time-consuming strategy artefact that is put to test and evolved.
A business plan is a detailed artefact capturing tactics and proposals to gain business matching to the business model &ndash; primarily meant to woo investment. A business model is created before a business plan and is referred back for detailed business plan creation.
The main components of a business model define the key elements for doing business like partners, customers, cost, revenue, value proposition etc. that are more scalable than rigidly fixed. The key ingredients of a business plan are three to five years of revenue projections.

Business Model vs. Business Plan

Digital Transformation is the careful orchestration of an ecosystem that enables an organisation to innovate at scale keeping pace with its current and future business objectives, aided by such digital technologies as cloud, big data, low code no code platforms, intelligent automation, block chain, distributed ledger, virtual &amp; augmented reality, AI &amp; ML, digital twins, IoT, sentient virtual assistants, chatbots, APIs, microservices etc. Human-centred, designing thinking-based customer journeys take centre stage in business and operations design which lead the strategic priorities. An inside-out culture that fosters digital at the core, and promotes disruptive innovations is quintessential to sustaining digital transformation.
A successful digital transformation boost productivity and profitability, make the brand competitive, improve product and services offerings, place the customer experience at the centre, prepare the technology backbone for digital disruptions, help in attracting and retaining talent, make the organisation agile and nimble and thereby preempt competition from the incumbent and new players.
Available proven digital technologies in the market, opportunities to insource, the disruption forced by the pandemic, market opportunities, entry of newer players with digital innovation, and global macro factors make this the right inflexion point for embarking on digital transformation.

What is Digital Transformation

<a href="https://about.google/intl/en/products/" target="_blank" rel="noreferrer noopener">Google</a>,&nbsp;<a href="https://www.aboutamazon.com/our-company" target="_blank" rel="noreferrer noopener">Amazon</a>,&nbsp;<a href="https://media.netflix.com/en/about-netflix" target="_blank" rel="noreferrer noopener">Netflix</a>,&nbsp;<a href="https://investor.apple.com/investor-relations/default.aspx" target="_blank" rel="noreferrer noopener">Apple</a>,&nbsp;<a href="https://about.linkedin.com/" target="_blank" rel="noreferrer noopener">LinkedIn</a>,&nbsp;<a href="https://about.fb.com/" target="_blank" rel="noreferrer noopener">Facebook</a>,&nbsp;<a href="https://about.twitter.com/en_us/company.html" target="_blank" rel="noreferrer noopener">Twitter</a>&nbsp;are at the forefront of digital innovation. Numerous other corporations aspire to transform at such speed and scale apropos to these great innovators. Fear of losing to competition, realizing an enviable leadership position, and customer-centric approach &ndash; drive digital innovation.
<a href="https://marketoonist.com/2020/02/digitaltransformationmeaning.html" target="_blank" rel="noreferrer noopener">Digital transformation</a>&nbsp;is meant to achieve business growth. Leadership support to digital innovation coupled with concrete actions, alignment with business strategy and initiatives to align organizational culture that is doted to embrace digital as the default to the core while shedding the fear of the unknown-technologies are harbingers of embarking a successful digital transformation journey that some executives have embraced.
Strong inspiration to corroborate a strategic vision to achieve more than what an organization doing at a point in time and determination to adopt digital transformation as a means to achieve more is foundational to digital success saga. While most of the large organizations are in a quasi-static state of a business strategy revamp &ndash; the digital innovation program follows the business strategy parlance to build capabilities across projects or teams. Evidence of such disruptive innovation often results in diversification in offerings that reshapes the competitive landscape, e.g., Amazon&rsquo;s diversification and offering on-demand cloud services through Amazon Web Services can arguably one such example to ponder about, where a retailer has matured to provide digital services in cloud space that typically should have come from one of the IT giants.
Leadership initiatives to bring mindset shift from black-box psychosis towards otherwise arcane digital technologies to a soothing collaborative mode of working alongside such digital technologies to achieve an inspiring corporate vision can ensure the success of digital innovation.
The success of digital transformation depends on the&nbsp;<a href="https://hbr.org/sponsored/2020/01/if-you-want-your-digital-transformation-to-succeed-align-your-operating-model-to-your-strategy" target="_blank" rel="noreferrer noopener">alignment of business operating models to the strategy.</a>&nbsp;Prioritization of capabilities, tailored metrics, and a seamless value chain entail a resounding digital vision that is planned to succeed.
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<td>#</td>
<td>Component of Digital Transformation</td>
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<td>1</td>
<td>The&nbsp;Strategy embraces digital transformation&nbsp;as a means</td>
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<td>2</td>
<td>Business Models&nbsp;aligned to support the digital transformation</td>
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<td>3</td>
<td>Building capabilities&nbsp;based on importance, urgency and value proposition</td>
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<td>4</td>
<td>Organizational culture&nbsp;change initiatives to embrace digital innovation</td>
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<figcaption>Components of Digital BPM &ndash; Digital Transformation</figcaption>
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Nevertheless, the order of prioritization of components of digital transformation may have bearing on the effectiveness of the digital transformation and should be prioritized based on the need of the organization.
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Digital transformation is not just about back-office process automation – key components of digital BPM

Digital is the default to the core!
Digital technology trends in tandem with business strategies are bringing paradigm sea change and swiftly causing the industrial revolution for real. Such digital trends as Artificial Intelligence, Internet of Things, Machine learning, Cloud Computing, Virtual Reality, Robotic Process Automation, Chatbots, Blockchain, 3D Printing, DevOps, Data marts, Business intelligence, Edge computing, Low code platforms among others are at the forefront of this industrial revolution. Digital products platforms are scrambling innovations and throwing out of the box features in embellishing the digital disruptions thereby making smarter and easy to implement solutions; able to serve more and more business objectives under a framework with revamped functionalities and performance.
Successful strategies for digital transformation are devised keeping technology, customer experience and building capabilities at the core. An increasing number of Businesses are shedding their forbearance and experimenting with start-ups to bring a cultural shift to embrace innovative digitization around people, processes and technology. This heuristic approach in adopting digital modernization by major firms peters out conventional Business Process Management parlance or necessitates infusion of fresh prowess around: BPM maturity models and measurement criteria &ndash; key performance indicators.
Building the critical mass of resources for digital BPM success requires a fine balance between tech-savvy resources and resources that are just familial with modern digital technologies and product platforms.
Digital BPM attempts to harness a variety of thoughts that are intertwined digital and business strategies underpinning disruptive technology trends, events, processes, people, and the zeitgeist.
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Good company in a journey makes the way seem shorter. &mdash; Izaak Walton
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