Authored by Subbu Iyer & Siddharth Patel The Five Ingredients to Create Value for a Higher Quality of Life What kind of existence offers nothing to look forward to? For the last 150 years, we’ve been trapped in a cycle of monotony, occasionally interrupted by disasters. Now, we find ourselves on the brink of an existential crisis across all aspects of life, yet life goes on as if nothing is amiss. Even the discussions surrounding the new normal post-Covid have diminished. The prioritization of commerce over human life has shaped and influenced every individual in every society. We are charging ahead with Artificial Intelligence (AI) and Agentic Frameworks without addressing the fundamental causes of intelligence.
We are not prioritizing learning as a key driver of intelligence, nor are we leveraging the advancements of digital technologies to forge something new. Is this really the future we can embrace? We need to ensure that technological advancements are effectively utilized, stemming from the data continuum — ranging from its creation to consumption. It’s crucial to recognize that this process does not occur in isolation with the barriers of functions, departments, and business units. The primary requirement for intelligence is that data must be accessible to life operating within an ecosystem. This dynamic process fosters intelligence through the roles created by its activities.
Without this visualization, a gap remains between the computing capabilities of Artificial Intelligence (AI) and Generative Intelligence (GI), which is intended to connect potential with performance. Value Creation is not in whipping a dead horse but rather raising a great race horse. Value Creation is a process of Inquiry, Exploration and Discovery that humans who have the sixth sense need to master to interpret outcomes fusing the five elements of Data, Talent, Resources / Materials / Energy, Financial Capital and Intelligent Infrastructure that intuitively ushers in the New. The Creation of Value is not through the Optimization of Operations for Performance but rather through Innovation that radically unfolds the potential of the new.
Global Capability Centers
Worldwide spending on digital transformation reached 1.85 trillion U.S. dollars in 2022, up over 16 percent on the previous year. Enterprises have made these investments in the pursuit of efficiencies but it is now time to pursue efficacy. There is now clarity that outsourcing to insourcing is not enough. There is a fundamental need for shifting mindsets from sourcing to collaboration which is a mutually inclusive Structural (Relationships), Synergy (Culture) and Systems (Technology) shift. Unfortunately, despite a two decade lead time, this is yet to manifest itself in most of the incumbent Competency Centers and Enterprises who have been early adopters.
The underlying labor / cost arbitrage continues with newer buzzwords and metaphors being invented and wasted upon truly life changing technologies that present the opportunity to harness potential for a completely different set of Key Performance Indicators (KPI) to perform to. Digital leaders have widened their competitive distance by 60% in the past three years, according to senior partner Eric Lamarre and colleagues at McKinsey. But tortoises have a way of catching up: to stay ahead, leaders will have to accelerate their transformations.
The Glocal Capability Maturity Scale will indicate your success at Creating Value The five elements of Data, Talent, Resources / Materials / Energy, Financial Capital and Intelligent Infrastructure have to be curated anew. For long, humans have tried to master technology. It is time to reverse the trend as the new systems will not work purely with software and hardware created in isolation. It will also combine firmware, embedded Ware and Virtual Ware. The journey of NVidia is a sterling example that Industry Leaders including and AMD have missed and need to emulate. The Operating System (OS) for the new Systems is not the one we have been used to so far, limited by computing power of the machines we use.
It is the ability of humans being able to design and overcome the limitations. Where computing devices are not just the conventional computers but also IOT, Sensors, Scanners, Wearables and Devices all connected to a Master User and used interchangeably.
Digital Maturity
Both established companies and startups need a strong digital core to thrive and stay relevant in the future. Although startups are often assumed as naturally innovative, established businesses must also adopt innovation to confront the emerging challenges presented by startups offering new products and services. Achieving innovation requires Digital Maturity, which involves Simplifying existing processes, Modernizing Technology, and Embracing Disruption. This journey can be represented by three key stripes: Systemic Innovation: A groundbreaking model that sets a new standard, this approach fosters innovative products and services by embracing the new.
In today’s world, it is essential to transform lives for improved quality of life while integrating sustainability and diversity, equity, and inclusion (DEI) into its processes. You can picture this as the front wheel of a bicycle, enhancing the rhythm of progressive growth as it drives forward. For example, the C4 Platform, envisioned by Giggr Technologies, exemplifies this category of innovation. It accelerates the pursuit of excellence for individuals, industries, and institutions, making systemic innovation a regular practice that catalyzes the rapid cycles of growth demanded by the market. The need would be to disrupt Life / Industry with Sustainable Solutions. Systems’ Innovation: This approach involves utilizing out-of-the-box