Think tomorrow, think AI
Digital Transformation In The Age Of AI
Why Digital Transformation?
Better Customers Experience
Businesses with superior digital experience comparatively achieve far more customer satisfaction and customer retention
Improved Productivity
Digital transformation enables businesses to make better data driven decisions, manage resources better and hence achieve improved productivity.
Increased Profitability
Digitally transformed businesses achieve higher efficiency and as a result achive more profitability. They also achieve reduced operational cost
Ayoks Digital Model For Business Transformation
Ayoks Digital Model is a framework to guide successful digital transformation of businesses. It recommends a holistic and coordinated transformation program for businesses. It presents four elements as the core drivers of digital transformation, which must be strategically coordinated to achieve successful digital transformation
Vision
At the center of every successful digital transformation project is an inspiring vision. Read more.
Culture
This transformation project must be supported by the right organisational culture. Read more
Process
Digital transformation is a journey and consists of several iterative processes
Technology
Digital technologies provide the platform to enhance operational efficiency and fulfill customers’ needs
Driving Digital Business Transformation
Ayoks Digital Wheel
It infers that successful digital transformations are centered around inspiring business vision, nurtured by the right organizational culture, follow iterative processes and are powered by one or more digital technologies. These are captured as different layers of the Ayoks digital wheel
The Right Way To Digital Transformation
Building Awesome Digital Products
Key Drivers Of Digital Transformation
Cloud Computing
Cloud computing offers businesses on-demand availability of computing resources to implement their digital transformation initiatives Read more ..
AI & Machine Learning
The increasing availability and use of computers (machines) to preform tasks that normally require human intelligence is one of the things enabling digital transformation.
Mobile
Mobile technologies used in smartphones and wearable have significantly changed how people communicate, shop, work and do business. The adoption of mobile is on the increase, according to Statista, in 2018 over 50 percent of internet traffic came from mobile devices. This is of great importance to business – hence smart businesses are adopting a mobile-first approach
Social Media
There has been an increase in social media platforms like Facebook, Twitter, Instagram, LinkedIn etc.
These platforms dedicated to community based input, collaboration and content sharing have provided businesses new opportunities to engage their existing customers, prospect and acquire new ones
Data Science
This enables businesses to understand customer experience of their products and services, it gives business insights to how, when and where their products and services are consumed.
This is of great importance in understanding what the customers want. This is a major driver for digital transformation of businesses
Internet of Thins (IoT)
This emerging technology creates a system where internet connectivity is extended to everyday objects like electronic devices, mechanical devices, people and animal. IoT is set to provide a turning point in the world of business. As the number of IoT devices continue to increase globally, businesses can take advantage of this in the transformation of their businesses
Digital Transformation Process
Digital transformation of your business is a journey that consists of several iterative processes.
Determine your mvp
Minimum Viable Product (MVP) is your value proposition (i.e the problem you solve) packaged as a product for the market in its basic form. Define your MVP with a focus on the value that your customers will get and what they are willing to pay for.
An understanding of the value you offer is important to transforming your business, as it enables you to rethink your products while improving on the value. Value is not disrupted, it is products that are disrupted. Watch…
design your business model
You need to redesign your business model to leverage digital capabilities. Your business model refers to how your business operates, creates and captures value for stakeholders in a competitive marketplace. It involves how you structure your cost and revenue streams.
Some business models you may use (modify) are; market place, freemium, subscription, lease, auction, pay-as-you-go, franchise, affiliate, razor blade etc. Read more
design Your DAP
Designing your ‘Digital Awesome Product’ (DAP) is important for digital transformation of your business. This involves making your customers journey seamless and giving them great experience consuming your product. You can achieve this by imbedding digital values into your minimum viable product (MVP) and address pain points on your customers journey.
deploy Your DAP
Implement your digital awesome product (DAP) preferably using agile methodology. It affords you the opportunity to deploy in phases and going through rapid iterations based on customer feedback. The principle here is to deploy, fail fast, learn and improve. Continue until you achieve that product that gives customers a ‘wow!’ experience.
Build an ecosystem
Create an integrated (plug and play) platform that brings together stakeholders. Create a system that continuously offers benefits to the members of the ecosystem
What Digital Leaders say
“Digital transformation isn’t just about procuring a CRM, ERP, or office automation system. It requires building out what we refer to as systems of intelligence — digital feedback loops that help you better engage with your customers, empower your employees, optimize your operations, and reinvent products and business models”
“In Today’s era of volatility, there is no other way but to re-invent. the only sustainable advantage you can have over others is agility, that’s it. Because nothing else is sustainable, everything else you create, somebody else will replicate”
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Resources & Insights
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The interesting thing about #AI is that you don’t need to be a techie to leverage its transformative power. Everyone can benefit from AI – Below are some ways AI-powered applications like Microsoft #Copilot and ChatGPT can help you boost daily #productivity. 1) 🚀...
Cloud Adoption: A Catalyst for AI Transformation
The synergy between cloud computing and artificial intelligence (AI) has revolutionized the way businesses operate. Cloud adoption has become a pivotal factor in accelerating AI transformation, offering numerous benefits that significantly enhance AI capabilities and...
Digital Transformation in the Age of AI – Get the fundamentals right
Yes! We are in the era of AI, where technology has
become an indispensable ally, it’s paramount for
businesses to harness its transformative power. Yet,
amidst the digital revolution, the timeless
fundamentals of business success remain
unwavering.
While AI opens the door to innovation and
efficiency, it is the mastery of these enduring
principles that truly defines an organization’s ability
to thrive. Success is rooted in a solid foundation that
combines the brilliance of technology with the
timeless essentials of strategy, leadership, customer
focus, and unwavering commitment to excellence.
In the age of AI, let us not forget that it’s the
confluence of tradition and innovation that paves the
path to sustainable success, here I present to you
the Ayoks Digital Model.
Ayoks Digital Model is a framework to guide
successful digital transformation of businesses. It
recommends a holistic and coordinated
transformation program for businesses. It presents
four elements as the core drivers of digital
transformation, which must be strategically
coordinated to achieve successful digital
transformation.
The principles outlined in the Ayoks Model can be
applied to the use of artificial intelligence (AI) in
business.
Here’s how they relate to AI implementation:
Inspiring Business Vision: When applying AI in
business, having a clear and inspiring vision is
crucial. This vision could involve leveraging AI to
improve customer experiences, optimize operations,
make data-driven decisions, or create innovative
products and services. The vision should articulate
how AI aligns with the business’s strategic goals
and how it will provide a competitive advantage.
Right Organizational Culture: The successful
integration of AI into business operations often
requires a culture that embraces innovation and
data-driven decision-making. Employees need to be
open to learning about AI, and there should be a
culture of experimentation where failures are seen
as opportunities for learning and improvement.
Iterative Processes: AI implementation is typically
an ongoing process. It involves iterative steps,
starting with data collection and preparation, model
development, testing, and deployment. Iterative
processes allow businesses to continuously refine
Jude Ayoka | AI for Business
their AI models based on real-world feedback and
changing business conditions.
Digital Technologies: AI itself is a digital
technology, and it can be powered by other digital
technologies such as cloud computing, big data
analytics, and IoT. The selection of specific AI
technologies and tools will depend on the
business’s needs and objectives.
In the context of AI, the Ayoks Model underscores
the importance of aligning AI initiatives with a well
defined business vision, fostering a culture that
supports AI adoption and learning, implementing AI
through iterative and adaptive processes, and
leveraging the right digital technologies to make AI
driven solutions a reality. These principles can guide
organizations in their AI transformation efforts and
help them realize the potential benefits of artificial
intelligence in various business areas.
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