I am fortunate to take digital transformation in my last semester of the MBA program. Time flies and it’s time to move on although I hate to say goodbye. Digital transformation is one of the most interactive classes I have ever taken during my entire school life. I was told by Professor Kane that in this class, we are learning not only from the lecture but most of the time learning from peers. I was confused by such an innovative class, but now I get it and believe this is a great course structure for us to get the hands-on experience of learning materials.
One of my favorite parts of the class is the classmates’ presentations. The presentations provide us opportunities to dive deep to understand the foundation of the different technology, the various use cases built on the foundation to solve actual problems, the concerns of the technology, and the potential future of the technology adopted with depth and insights. Along with the presentations is the blog post. The blog post forces me to think differently about the technology I want to share with the class. Previously, I am more concerned about the technology itself, digging into the algorithms, theories, and coding areas, but now, my research’s focus has shifted to the business setting of the technology, which enriched my knowledge on the consumer and client-side. Twitter allows us to obtain the latest technology trends and discuss interesting topics during the class. Before I was passively feeding the technology news while I’m proactively searching for the technology news so that I’m one step ahead of others.
The second half of the class was talking about the book Technology Fallacy and the research Professor Kane did with MIT and Deloitte, with guest speakers from various industries. The lecture was helpful to explain the reasoning behind technology fallacy and technology transformation logically. I have learned what business decision-makers were thinking about technology and how it closely related to the companies themselves. I was impressed by the comparisons between companies’ adoption rates from different stages from beginning to maturing. As my family’s business is in the process of digital transformation, I understood how much pain it causes to successfully transform from a traditional company to a digitally enabled company. From the class, I learned how important to align strategic thinking to the decision-making for technology adoption and transformation.
Below are three main takeaways for me:
- The potential for blockchain is huge, the decentralized network reduces the agency cost generated during the transactions. With the appropriate laws and policies, blockchain benefits businesses more than it does to hurt business.
- Becoming a digital organization. It is the digital fallacy that caused the digital transformation. Businesses should align their strategy with technology and people is plays a more crucial role during transformation.
- Big Data and AI are changing the world. Both of which are the double-sided sword. Businesses should apply AI to appropriate sectors and parts of the business.
The takeaways and knowledge I gained from the class cannot be explained by just one blog, I believe in the future, the knowledge and skills I learned from this class will benefit me a lot.