Abhishek Rungta Workshop Digital Innovation - A Practical Guide For Businesses

Digital Innovation
Is it earning you the desired result?

Digital innovation has happened across technologies that impact businesses with commercial viability
Big Data and Analytics
Artificial Intelligence
Blockchain
Machine Learning
TITL
E
Internet of Things
Augmented Reality
Firms are coupling these larger technologies
with value added services such as:
1
2
3
Cyber Security
API Management
User Experience Tools

were spent to acquire digital start-ups; and set up Digital Units (DUs)
companies saw no significant impact from digital innovation
companies generated more than 5% from DUs as a proportion of group revenue
$79 bn
40%
10%
8% companies with DUs managed to scale their ideas up into a launched product
Despite investments in digital innovation, only a handful of companies are achieving digital success
The data corresponds to a PwC survey of 50 CIOs and CDOs across Germany, Switzerland and Austria with additional samples from US, Japan and the Netherlands

So why are firms mostly failing in their digital innovation stint?
• When DUs are pressed in for innovation, core
business & IT units struggle to scale up innovation
projects on their own
• The problem is that DUs often operate in silos,
therefore they struggle to make necessary legacy
business connects
• These interdependencies hinder scaling of digital
innovation by a large extent

Some Digital Unit Architectures
Laboratory
Competence
Center
Solution Provider Company Builder
Value
Proposition
Capabilities
Size/ Capacity
Ideation and prototyping
geared towards roll-out to
business segments
Specialized methodology
and technology
capabilities
End-to-end scale-up
of product or service
as plug-and-play solution
Development of
ready-to-exit
companies
Ideation specialists Ideation specialists
Technology experts
Business experts
Technology expert
Business expert
IT developers
Operations staff
Technology expert
Business expert
Company developers
Operations staff

Here is how a DU can aide in the digital innovation process

How can you select a relevant DU architecture for your firm?
• A flow chart based approach can
prove to be an optimal approach
for deciding on a relevant DU
architecture

04
Technology:
• Build software on small modules to ensure flexibility
• Establish (open) API principles for efficient data sharing
Takeaways for a successful digital innovation adoption
01
02
03
Structure:
• Establish flat hierarchies within the DU
• Have the DU report directly to the CXO to ensure sufficient freedom to operate
People:
• Design an agile, fast-track hiring process which can skip the bureaucracy
• Make sure that employees are able to work flexibly
Processes:
• Apply agile philosophy for ideation and prototyping and technology development
• For marketing, sales and recruiting, apply pragmatic “lean start-up” like principles

A PRESENTATION BY
Abhishek Rungta
Founder & CEO
Indus Net Technologies
How to do digital innovation in an enterprise
- my experiences from a startup!
www.indusnet.co.in / info@indusnet.co.in

People
transformation
before digital
transformation

Digital Adoption, Innovation or Transformation?
Digital
Adoption
Innovation Digital
Transformation

Innovation must
be unique
Off the shelf
products for
Core Infra

From Indus Net to Techshu to EnergyTech Ventures
– A Humbling experience
Innovation and Product
Service and Solution company

Evolution of
Digital Technology
from
Evolution of digital technology from infra
Infra Application Data
Enterprise
Business
Functions Individual
& hence the focus
moving from

It is about empowering the
last person on the floor,
through insights, which is in
short converting light
signals into strong signals,
into patterns and eventually
ability to predict and take
decisions!

It's not about putting people
out of job, but to empower
them through
leveraging/augmenting
their skills.
It's not AI, but IA
(Intelligent Assistant)

It's not about technology or
tools - its about business
understanding & Use Case &
Algo to solve the same.
This can be done using Excel
& then translated into Software.

What matters is the
Business Premise and
not the technology
definition.
Its PropTech and not
EnergyTech, see from
user's perspective

Pilots will provide
product/purpose fit,
but Financial
Exploitation
(Business Case)
will ensure
product/market fit &
wider acceptance

Innovation iterative.
The product will evolve as
it interacts with the market
and so should
the operational model
around it.
Analytics models will also
evolve & every iteration will
provide value on
logarithmic scale.

Scalability comes with
repeatability.
The focus needs to be on
what can scale.
Also, in analytics
perennial flow of data is
critical for useful
insights. the more the
merrier.

We need to stay away from
buzzwords.
Available data is good to start
instead of installing thousands
of sensors upfront.
What can we get out of
existing assets without further
investment extracting more
data.
Low friction of deployment is key.

Analytics product over
service - insights are an
ongoing and real time
requirement.
It's a feedback loop.

Deep dive
and lateral
thinking is
key to
success

Focus is
everything

Never Say
Never

Best of Luck
Questions Please!
talash@indusnet.co.in
@abhishekrungta
facebook.com/abhishekrungta
www.linkedin.com/in/abhishekrungta
+91 98311 51614

Thank you!
Let’s Connect
www.indusnet.co.in - info@indusnet.co.in

Abhishek Rungta Workshop Digital Innovation - A Practical Guide For Businesses

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Abhishek Rungta Workshop Digital Innovation - A Practical Guide For Businesses