Traditionally, information technology investments have been viewed as a method of supporting business process, as a means of achieving business objectives. However, as the importance of digital technology continues to increase, organisations around the world are beginning to realise the potential of ‘big data’, with an analogous push to capitalise on the game changing innovations that could fundamentally change business models, strategies and potentially entire business ecosystems.
1. Blockchain - What and Why?
Digitisation and
the Digital
Supply Chain
and Integrations.
Digitisation is far more than the conversion of paper records into digital data. It represents a shift in organisational mindset towards embracing new ways of doing business and leveraging new capabilities to better serve and expand customer bases. It is the redesign of organisational processes to drive innovation and agility.
As digitalisation transforms the way organisations work, the success of market leaders will be demonstrated through their ability to connect and collaborate with all parts of their supply chain, leveraging data, artificial intelligence and blockchain technologies to deliver services and products that span far beyond established boundaries.
More Than I.T.
The Ecosystems
The past and the future.
Trust & Transparency
And how it changes businesses.
The global trust shortage is the result of storm that has been brewing over the last two decades. Significant events such as the 2008 global financial crisis, increasing levels of government surveillance and a proliferation of disinformation and deceit on large digital platforms such as Google, Facebook and Twitter have all contributed to a global shortage of trust and transparency.
Organisations are now entering a new era of accountability where people are harnessing their collective power and intelligence, to push for change and demand greater leadership and action from governments and businesses alike. The luxury (or deception) of selectively choosing what information to reveal will no longer work; consumers expect companies to fill the void where governments fail. Silence is no longer golden – rather it is now symbolic of something to hide.
Blockchain is already transforming the way in which companies share product traceability information with consumers. As adoption of this technology increases, the immutable, decentralised nature of blockchain will be the passport that gives companies access to a world of engaged and loyal consumers.
From Experiment to Business Ready
How far along are companies with Blockchain?
As companies move away from theoretical ‘proof-of-concept’ experiments and pursue real business ready solutions, the reality is that blockchain is here to stay. Across the world, many industries have already adopted many forms of frontier technology, including Blockchain, with over 84% of respondents in a PwC survey actively involved with blockchain. In Australia over half of all blockchain activities are in the financial/insurance and professional, scientific and technical services sectors.
(Source: PWC, 2018)
