Parhaat Digital Creation Podcastit (2024)

1
Ep. 102 - How we use AI 20:08

7d ago20:08

20:08

In this episode, we reflect on our journey with AI over the past year, sharing how we use AI in both our personal and professional lives. Broadcasting from the Bay Area this time, we explore practical, day-to-day applications of AI tools, discussing how we've evolved from experimenting to leveraging AI for true productivity gains. We share personal…

1
AI Fatigue 21:25

3M ago21:25

21:25

In this episode we dive into the growing phenomenon of AI fatigue, a sentiment increasingly felt by companies as they navigate the overwhelming number of AI technologies and startups in the market. We discuss the complexities of the AI gold rush, where massive investments and high expectations are met with varying degrees of success and skepticism.…

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Imagine 2024 - 3 Takeaways 8:13

5M ago8:13

8:13

🌟 Insights from IMAGINE 2024: Navigating the Realities of Gen-AI Implementations 🚀 In this episode, we share our learnings from a recent customer event in Austin, Texas, where we had the opportunity to connect with fellow executives and discuss the realities of Gen-AI implementations. 🤠 We explore three key takeaways from the event: To overcome the…

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AI Stories with Kuai Kuai 26:59

5M ago26:59

26:59

In this episode, we discuss the latest trends and insights in the AI space based on our recent experiences at various tech events. We start by sharing a fascinating Taiwanese tradition of using Kuai Kuai chips to ensure smooth operation of electronics. The conversation then moves to the impact of AI on corporate strategy, the shift towards smaller,…

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AI Journey: Increase Impact Part 2 19:38

7M ago19:38

19:38

In our latest episode of Digital Value Creation, my brother and I continued our discussion on the personal AI journey from entertainment through education to efficiency and effectiveness. We started with a manifesto: don't roll your own large language model (LLM)! With over 500,000 open-source LLMs available, we believe most businesses don't have p…

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AI Journey - Increase Impact and Value 23:01

7M ago23:01

23:01

In this episode we explore the recent developments in Generative AI and the 4E Model of AI Mastery: Entertainment, Education, Efficiency, and Effectiveness. We discuss Microsoft's acquisition of Inflection's Pi chatbot, the monetization concerns surrounding AI systems, and the strategies employed by big tech companies like Microsoft, AWS, Google, a…

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AI vs Talent - Insights from Wharton 18:39

8M ago18:39

18:39

This episode focuses on the insights gained from the inaugural Wharton Gen AI for Business Transformation course. We discuss a study conducted by Boston Consulting Group, which found that consultants with access to GPT-4 outperformed those without AI by 40% in terms of quality and efficiency. The study also revealed that AI serves as a performance …

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Emerging AI Event at LEAP2024 6:33

8M ago6:33

6:33

In this episode, we dive into the remarkable experiences and groundbreaking announcements from LEAP 2024 held in Riyadh, Saudi Arabia. With an overwhelming turnout of over 215,000 attendees and a staggering $13.4 billion in investments, the event showcased Saudi Arabia's ambitious drive to become a global digital leader. Underpinning this transform…

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AI Career Acceleration 20:58

9M ago20:58

20:58

Dive into the how AI can accelerate your career! In this episode, we explore the critical role of artificial intelligence in shaping careers and driving leadership in the digital era. Whether you're in tech, business, or any field in between, understanding and leveraging AI is no longer optional—it's essential for staying ahead. Discover why now is…

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The Impact of AI on your Business- Real or Myth? 23:37

9M ago23:37

23:37

This episode discusses the impact of AI in business, focusing on its value creation, challenges, and the future of AI-driven enterprises. The hosts, who work for AI-focused companies, share insights on AI trends, business applications, careers, and leadership in AI-enabled workplaces. We explore topics such as code generation, the monetization of A…

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Davos 2024 - First Impressions about the AI discussions 4:50

10M ago4:50

4:50

These are my first impressions from Davos 2024 around AI 1 - AI and GenAI is everywhere from LLMs to oil/gas to supply chains 2 - countries and companies taking risks will outperform those that are cautious 3 - Companies struggle to go beyond experimentation due to lack of prebuilt use cases and industry solutions by providers 4 - Trust is main con…

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The Generative AI Boom - Is This Time Different? 9:40

1y ago9:40

9:40

I can't believe it's already been almost a year since game-changing AI like DALL-E and ChatGPT burst onto the tech scene. Even though many AI tools have been around much longer, GPT is what captured the magination of of all us. The energy and hype reminds me so much of the early blockchain and crypto days 10 years ago. The buzz, the startups, the d…

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The Recession Playbook for a Digital World 9:20

2+ y ago9:20

9:20

So here we go again. Inflation, recession and uncertainty. While these things happen every decade or so, noone likes a downturn. The last short downturn in 2020 actually accelerated digital transformation, investments and value creation. It can happen again if companies use the right digital playbooks.…

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Creating the Digital Advantage 7:14

2+ y ago7:14

7:14

I got into technology value creation exactly 19 years ago. I still remember how it happened. I read an article in the Harvard Business Review that made me question everything I was doing as a software executive. It was an article by Nick Carr, titled “IT doesn’t matter”. The article claimed that technology added no value. Or specifically, technolog…

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Digital Risk and Reward 7:40

2+ y ago7:40

7:40

In the last few weeks, I was back on the planes meeting with clients and investors in London, New York, and San Francisco. We often talked about how the role of digital is changing for businesses and investors. How the early digital experimentations have all grown up, real value is created now and many companies are becoming digitally reborn. But n…

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Cheap, Efficient or Effective? 7:16

2+ y ago7:16

7:16

If you Google the difference between efficiency and effectiveness you will find over 1.4 billion hits. There are endless opinions from accountants, business strategists, linguistics, and even psychologists on the topic. Clearly, there is confusion out there and my short video won’t clear it up. Instead of deciding on the debate, let me share a stor…

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5 Ways to Become a Value Creator 10:31

2+ y ago10:31

10:31

The ultimate success in business is to be considered a value creator. Whether you and I are employees, executives, consultants or vendors we should think about the 5 ways we can add value to the business. - Growth - Simplicity - Speed - New Business Model - Thinking BigKirjoittanut Tamas Hevizi

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Should you be a First Mover or Fast Follower? 6:03

3y ago6:03

6:03

For the last 20 years there has been one big debate around technology innovation. Should you be a first mover or a fast follower? First movers would take on higher risk experiments expecting higher returns, but also tolerating higher rates of failure. Fast followers, on the other hand, would wait for the kinks to be worked out or the market to be v…

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5+1 Digital Predictions for 2022 10:09

3y ago10:09

10:09

I was thinking about the most relevant trends for 2022. Almost everything we know about digital has changed and morphed in the last two years. So I looked at what my peers were predicting about the future. I counted over 500 different trends and predictions and it was hard to find a common theme that resonated with me. In the end, I narrowed them d…

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A Lookback at Digital in 2021 8:40

3y ago8:40

8:40

Welcome to 2022. What a year we have had! While it represented a crisis on many fronts, it also created once in a generation across digital from automation to digital supply chains to new digital customer experiences to blockchain and crypto literally everywhere. I had so many learnings from this unusual year - I chronicled them in 30 episodes in m…

1
Business Model Innovation at the Edges and the Core 8:48

3y ago8:48

8:48

The majority of the companies nowadays are in some stage of digital transformation. Some are very tactical, improving their website and app maybe or automating basic customer interactions. Others are fundamentally changing how the business operates. Business model innovation and digital transformation are two buzzwords and they are increasingly int…

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The Hierarchy of Value 7:20

3y ago7:20

7:20

In the last couple of weeks, I had numerous conversations about what I call the hierarchy of value. A good friend of mine, I call him Jeff, a private equity investor coined this term to me a few years ago. He used this model to decide which improvement projects to invest in and which to pass on in his companies. He wanted simple rules to help his m…

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The 5 Biggest Tradeoffs in Automation 7:36

3y ago7:36

7:36

The massive global talent shortage is driving businesses to automate in even more areas of their operations. Surveys show that more than 60% of the companies already started their automation journey. There are always some tradeoffs, of course, when doing any enterprise-wide initiative. It would be cool if you could deploy new automated processes ov…

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Find Your Own Path to Digital Transformation 6:13

3y ago6:13

6:13

Those of you following this channel, you know this. I’m obsessed with finding out what makes some companies succeed with digital transformation while others struggle. Companies of the same size, same industry, same access to talent, but very different results. \ One key factor is how the digital project gets initiated. Does the transformation start…

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The Flow State and Digital Transformation 6:00

3y ago6:00

6:00

Why do some companies seem to completely digital transformations effortlessly while others struggle? I believe organizations can achieve the same flow state as people when faced with challenges. If the majority of the people working are in flow sate then their organizations are too. And that is what happens when new innovation projects including di…

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Crowdsourcing Digital Strategy at HIMSS21 6:33

3y ago6:33

6:33

I’m clearly not in the studio this week. In fact, I am in Las Vegas at HIMSS, the largest healthcare tech conference. We had around 20,000 executives here live and thousands more online. This was the largest post-pandemic business conference focused on digital transformation. This was also one of the first times so many businesses came together to …

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A Simpler Digital Strategy 8:15

3+ y ago8:15

8:15

If you ask someone how to create more value in business, you’re likely to hear the obvious - drive revenue growth and cut costs. That is of course the physics of any business. But every executive knows that it is not that simple. To increase revenues, you likely have to spend more and if you cut costs, revenue tends to suffer. Either way, revenues,…

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The New Digital Expansion 6:37

3+ y ago6:37

6:37

My latest post is on the massive post-pandemic digital expansion due to labor shortage and massive economic growth. While businesses focused on cost and lean operations last year - now it is all about growth, and major digital expansion. Companies are moving from tactical to the strategic use of automation, analytics, and customer experience like n…

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The Great Talent Shortage - Can Digital Tools Help? 7:56

3+ y ago7:56

7:56

We are living in an unprecedented labor market. Over 10 million jobs were unfilled in May 2021 and millions of people quit their companies last month. While there are many reasons this is happening, one thing is clear. The expectations of your workforce have fundamentally changed in the last year. I believe digital technologies can help stop the ex…

1
Back to Hybrid Work 6:07

3+ y ago6:07

6:07

I went back on the road this week. I was having real meetings with real people in real offices in New York. Returning to normal business? Hopefully. The recurring topic of the discussion was this. How will hybrid work change how we work together and the technologies we use going forward?Kirjoittanut Tamas Hevizi

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The State of Digital Transformation 2021 6:23

3+ y ago6:23

6:23

Every few months I take a look at recent research studies and surveys on the state of digital transformation. Normally there are a dozen such surveys in 6 months. This time I found over 100 reports. This is a testament to the fact that digital transformation is now a top 5 strategy goal at most companies. So let’s take a look at what the data shows…

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The Massive Shift to Digital Experience 5:17

3+ y ago5:17

5:17

In the last few months, I noticed a remarkable shift in businesses from cost to growth. In 2020 digital transformation mainly focused on cost efficiencies and labor arbitrage. This year it is all about growth, digital customer experience, and better employee experience. Economic expansion and labor shortage create great opportunities for companies …

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Do You Need a Value Creation Plan? 6:18

3+ y ago6:18

6:18

One thing that sets private equity apart is its relentless focus on value creation. That's why we have this channel. We want to bring PE value discipline to any digital transformation program. A value creation plan, or VCP, is an enterprise-wide view of all initiatives that will improve the company. Above and beyond business as usual. These can be …

1
Five Pillars of a Digital-First Mindset 9:39

3+ y ago9:39

9:39

When talking to digital-first companies I noticed 5 big differences in their way of thinking. 1) Digital is a business model 2) Digitizing core functions 3) Scaling digital capability 4) Measuring business impact 5) The C-Team's ownership of digitalKirjoittanut Tamas Hevizi

1
How to Tell Your Value Story in 5 Minutes? 5:58

3+ y ago5:58

5:58

How do you tell your value story in 5 minutes? A good 5-minute value pitch mostly talks about your audience's needs. Never about yours. The first return on investment you will ever demonstrate to a client is the ROI on those 5 minutes of their time. If you waste their time, they will assume you will waste their money.…

1
Move Fast and Digitize Things 6:29

3+ y ago6:29

6:29

"Go Fast and Break Things" has been the mantra of disruptors since Facebook coined the term a decade ago. Speed does differentiate industry disruptors from incumbents. But is going faster enough to win the digital transformation race? No. We need more than that. Digital success needs the combination of speed, customer collaboration and positive bus…

1
Remote Work and Remote Value Creation 7:07

3+ y ago7:07

7:07

The disruption impacted everyone but not everyone responded equally well. The pandemic, like any crisis, created winners and losers that ultimately can be traced back to a few factors. Here is my summary of what drove the changes in remote value creation.Kirjoittanut Tamas Hevizi

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How to Prioritize Digital Projects 8:14

3+ y ago8:14

8:14

As we all noticed in the last year, digital projects became an urgent priority at most companies. What was amazing was the speed at which these projects got under way and completed. Urgency became the biggest priority. In normal times there would have been a dozen competing priorities but in crisis mode, it simply became speed and value. Is it poss…

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The Hard Thing About Hard Benefits 10:05

3+ y ago10:05

10:05

Some businesses complain that it is difficult to realize the hard benefits of digital programs. In fact, hard benefits seem elusive in many transformation initiatives. Why is that happening? Let's dive into the dynamics of typical corporate finance decisions for the answer.Kirjoittanut Tamas Hevizi

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The Art and Science of Value Creation 6:33

3+ y ago6:33

6:33

In business school, a professor told us this: Businesses exist for only 2 reasons: 1) is to make the world better and 2) to turn a profit and not necessarily in that order. His entire course was built around the tangible and intangible value businesses create. As we think about value creation, both tangible and intangible value drivers become criti…

1
Winning the Talent War 6:12

3+ y ago6:12

6:12

Research shows that lack of digital skills is the main reason why 70% of digital transformations fall short of their goals. Unfortunately, this has been the case for years now. Why is the digital skill gap so hard to fill?Kirjoittanut Tamas Hevizi

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Why Uncertainty Accelerates Digital Projects 6:57

3+ y ago6:57

6:57

It has become quite a cliche by now that years of digital transformations got done in weeks. It is true of course, but the question remains -why? How come that companies that resisted digital transformation for years finally got on board? Here is what I think.Kirjoittanut Tamas Hevizi

1
The Trust Equation 5:28

3+ y ago5:28

5:28

All digital transformations ultimately need to improve customer experience. Digital project's ultimate value is when they increase revenues and business growth through better customer interactions, loyalty, and higher value exchange. Customers buy more from businesses they trust. We all understand trust in human interactions. But what does Trust me…

1
The Widening Digital Business Gap 4:17

3+ y ago4:17

4:17

There is a paradox in digital transformation. The Digital Leaders seem to accelerate their transformation efforts and focus on scaling faster and broader. At the same time, digital laggards who are behind, do not have the same urgency. They seem to think they have all the time in the world and tend to pilot and experiment instead of scaling. The la…

1
The 3 Why Questions of Digital 3:58

3+ y ago3:58

3:58

A few months ago I had an episode about the 3 questions CEOs should ask. Why do anything, Why Now and Why You? Some clients and friends used that approach for months and here is what they learned from itKirjoittanut Tamas Hevizi

1
Is Your Digital Team Energized or Deflated? 6:05

3+ y ago6:05

6:05

Is your digital team energized or deflated? If they were in a competition, do you think your team would win? Do they show up unstoppable and ready to conquer? Oh, yeah. We are here to talk about the softer side of value creation. Having seen a lot of transformation teams in my career, I can often predict how the team will perform based on how they …

1
Are You Solving the Wrong Problem with Digital? 5:13

3+ y ago5:13

5:13

I obviously love digital transformation and clearly believe that AI, automation and machine learning will help create amazing digital businesses. However way too often I see companies solve the wrong problem with the right tools and the right problem with the wrong tools. Here's what I mean...Kirjoittanut Tamas Hevizi

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Should Digital Projects Always Deliver Value? 6:22

4y ago6:22

6:22

2020 turned out to be the year with massive adoption of digital transformation. Some companies used AI and automation strategically to transform their business models, while others used bots and machine learning to deal with business disruption. Some companies had great tangible value creation as a result of their digital projects and others are no…

1
How Covid Shaped Digital Plans in Business 6:36

4y ago6:36

6:36

We're slowly settling into the new year. Businesses started their new fiscal years, operating on new budgets. And all the assumptions and learnings from the pandemic show up in very different ways in their digital transformation plans. While there are a lot of challenges in many industries, 2/3rd of the companies seem to be as well or better off th…

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Years of Digital Transformation in Weeks 8:30

4y ago8:30

8:30

I think the adage in 2020 is that years of digital transformations get done in WEEKS. Every day I notice massive new innovations moving to the mainstream. Here are some recent highlights. - Digital Currency in China - AI Language Processing with GPT-3 - More Driverless Cars - MIT report of future of work - IMF report of future jobs and more.…

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