For over two decades, SIME has been a destination for leaders fascinated with digital transformation.
In the spotlight were the obstacles to effective data use. While most companies appreciate the benefits digitisation has brought — more data, insight generation opportunities and advanced tools to automate— many are (understandably) struggling to leverage them.
Stepping up to the stage, our chief scientist and co-founder, Michael Ross, explored the root causes of current business challenges, as well as how they can be overcome by adopting a new mindset. In particular, he emphasised the importance of mastering the ‘golden triangle’, where analysis creates insight that drives smarter actions, and fuels an ongoing cycle of continuous improvement.
For those who could not attend, here are some core takeaways:
All legacy businesses have evolved operating under constraints; including limited data access, ability to analyse and restricted resources. Now, digitisation has lifted these barriers and paved the way for deeper insight that enables higher performance. But embracing the new isn’t always easy. What’s essential in this new world of retail is fostering the culture, capability and courage that allows people to think differently and recognise the complexity of what's going on, all fueled by a new way of thinking in order to unlock limitless opportunity.
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