{"id":15112,"date":"2020-07-08T06:40:15","date_gmt":"2020-07-08T06:40:15","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=15112"},"modified":"2020-07-08T06:40:15","modified_gmt":"2020-07-08T06:40:15","slug":"data-s-role-in-digital-transformation-after-covid-19","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/data-s-role-in-digital-transformation-after-covid-19\/","title":{"rendered":"Data\u2019s role in digital transformation after COVID-19"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">In recent months, there has been a deep cultural change in the way we live our lives and conduct business. This change, brought on by the COVID-19 pandemic, is largely being driven by digital transformation initiatives, which became front and center as the world was urged to stay home. Fortunately, this change was not completely new but rather was accelerated, meaning that companies, for the most part, did not have to start from scratch. As we emerge from the shadow of COVID-19, digital transformation is unlikely to stop. On the contrary, it will probably continue to accelerate as consumers become acquainted with ever-increasing convenience. As such, it will be important for any company to be able to properly obtain and use data, especially to:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Better know their business model<\/b><span style=\"font-weight: 400;\"> \u2013 having a 360<\/span><span style=\"font-weight: 400;\">o<\/span><span style=\"font-weight: 400;\"> vision of important data types will be vital, especially as machine learning and artificial intelligence develop beyond their infancy stages.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Understand their organizational model <\/b><span style=\"font-weight: 400;\">\u2013 decisions are typically made by multidisciplinary roles involved in business initiatives. It is imperative that the organizational model is well understood.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Convert data into value <\/b><span style=\"font-weight: 400;\">\u2013 minimizing complexity, eliminating redundancies, making data more reusable and knowing data origins and life cycles require a comprehensive process of understanding and monitoring against operational business value.<\/span><\/li>\n<\/ul>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-15112 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Video: World FinTech Report 2017 findings'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-world-fintech-report-2017-findings\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/09\/World-FinTech-Report-2017-Where-Finance-and-Technology-Collide-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10757\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10757'>\n\t\t\t\tVideo: World FinTech Report 2017 findings\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Uzbek government passes bill allowing online currency exchange'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/uzbek-government-passes-bill-allowing-online-currency-exchange\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/03\/hand-with-a-card-next-to-a-laptop_1208-197-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-9266\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-9266'>\n\t\t\t\tUzbek government passes bill allowing online currency exchange\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Banks must embrace fintech to survive'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/banks-must-embrace-fintech-to-survive\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/people-standing-together-in-shape-of-an-arrow_3446-294-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8578\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/people-standing-together-in-shape-of-an-arrow_3446-294-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/people-standing-together-in-shape-of-an-arrow_3446-294-300x300.jpg 300w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/people-standing-together-in-shape-of-an-arrow_3446-294.jpg 626w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8578'>\n\t\t\t\tBanks must embrace fintech to survive\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>In recent months, there has been a deep cultural change in the way we live our lives and conduct business. This change, brought on by the COVID-19 pandemic, is largely being driven by digital transformation initiatives, which became front and center as the world was urged to stay home. Fortunately, this change was not completely &hellip;<\/p>\n","protected":false},"author":12,"featured_media":15113,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[49],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15112"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=15112"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15112\/revisions"}],"predecessor-version":[{"id":15114,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/15112\/revisions\/15114"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/15113"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=15112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=15112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=15112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}