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Posted on: March 21-2016 | By : Swati Phalke | In: Analytics,Big Data,Business Agility,Digital Skills,Digital Solutions,Enterprise Technology,Leadership | No Comments

For many years in the IT services business, there was a reasonable amount of demarcation in project execution using technology skills such as Mainframes, Client Server, Data Warehousing, Business Intelligence, and ERP. Projects were getting executed in silos for every Line of Business (LoB) within an enterprise.

However in today’s digital world, there has been a huge disruption of the business model. Boundaries within the businesses are getting blur. For instance, retailers are entering into banking space to enable quick lending, sports companies are entering into consumer wellness, and mobile companies are entering into payments. Enterprises have restructured themselves to capitalize on the synergies within various lines of businesses. Hence, many digital projects need multiple technically-skilled professionals to join hands to deliver these business driven projects.

With the growing demand for Digital Transformation in every industry, there is a scarcity of talent that can work on digital transformation projects. Most of the organizations are focusing on building a talent pool of digital capabilities. Experienced professionals have an opportunity to reboot their careers as digital transformation professionals, since digital transformation is the core focus for ‘change the business’. In the near future, these projects will move to the ‘run the business’ phases. It is thus essential for all IT professionals to gain digital skills and have a clear understanding of the digital technology landscape. There is a need to create digital technology talents at all the levels – right from entry level engineers to the top leadership of an organization.

Though a fair amount of effort is required to technically upgrade skills, many softer aspects play a crucial role. Following are some of the guidelines for making this career transition:

  • Get the basics right, stay curious and have a learning mindset:

To become an expert in any field, it is absolutely important to have the basics right. This not only ensures a strong career foundation, but also make up-skill and cross-skill easier. One must be receptive to learn from every interaction with teams, peers, leaders and the experts from a particular field. A learning mindset plays an important role in this transition. As experts say, “Growth stops, as the curiosity to learn more stops”.

  • Strong data analysis skills:

Digital solutions play with complex data at the backend. Sensor data in case of Internet of Things (IoT), structured – unstructured – social data integration, web logs, call logs data, image reading and processing, predictive model building are some of the key areas where data analysis plays a very crucial role. In depth understanding of the data, interaction with business experts to gain more insights, data lineage are some of the important focus areas for Digital projects. Hence, it is important for the project teams to collaborate with each other and creatively gather data insights and get bigger picture. Having strong data analytics skills is a must.

  • Technology mapping to up-skill to digital:

With all the above mentioned softer aspects, basics in place; a lot of effort must be spent on technological upgrade. It is important to understand digital technology mapping to the current skills.

 

Following table can be considered for mapping the Current skills to Digital skills for opportunities in the digital world.

 

Digital space is vast and has many technologies and Commercial Off-The-Shelf (COTS) products. Above table focuses on few leading technology stacks for mapping purpose. To excel in your field of choice, identify the technology stack and map them against the skills required. Learn those skills to stay in demand and to become an expert.

 

Available learning platforms:

Technology advancements within each of the Digital technology stack is at the fast pace. It is essential to use all available platforms to get into the new Digital technology. We get easy access to many articles and blogs on social platforms. Spending some time daily in getting technology updates is a must. Online universities, classes, tutorials, certifications, practice platforms, and Massive Open Online Courses (MOOC) are available in abundance. One needs to be proactive and leverage these platforms to the fullest and capitalize on every opportunity to move into the digital space.

 

Remember, digital disruptions have been creating new avenues for growth and enhancements. As organizations are bracing themselves to modernize, individuals too should update their capabilities to stay ahead of the competition.

 

Swati Phalke

Practice Director, Digital One, Syntel

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Swati Phalke

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Swati Phalke
Swati Phalke is Practice Director, Digital One at Syntel. She has over 19 years of technical and...

 
Posted on: March 21-2016 | By : Visukumar Gopal | In: Analytics,CxO Innovation,Innovation,Intelligent Business,Project Management,Software Development | No Comments

We have already seen why it is important to invest in PMCoE, however, establishing it requires real dedication and commitment to create value for the organization.

To extract true value from PMCoE, it needs autonomy. To enhance efficiency of any organization, the PMCoE brings cross-project utilization; repeatable processes; improved asset sharing and best practices across geographically distributed teams, under one umbrella. PMCoE should also build standard and strong academy and preparedness for continuous improvement, these characteristics are very important for this centralized function.

 

A part of this CoE should follow a formal process to develop a forecast plan that identifies corporate goals and objectives.This helps improve master planning and capital budget planning processes, provides enterprise-wide forecast of future projects, facilitates the organization’s project management maturity. In short, it helps to structure project execution.

PMCoE should build common processes, tools, templates, and technology. These guidelines are to be used consistently across the organization to manage all authorized projects. This helps improve efficiency and shortens the learning curve for new project managers, reduces project timing and costs, improves project organization, planning and management skills, enables tracking of earned value – actual versus planned project timing and cost, and facilitates regular management review of project status.he organization’s project management maturity. In short, it helps to structure project execution.

 

Moving on to academy, PMCoE develops and delivers programs to provide knowledge. Academy helps develop skills and capabilities required at all levels in the organization to effectively apply the standards in the management of all authorized projects. Academy helps improve new product and/or services, time-to-market, quality-to-market, and cost-to-market. It also reduces project timing and cost, improves project organization, and planning and management skills.

 

Preparedness refers to the formal processes that ensure and validate that the required standards, knowledge and skills are present before project start-up. Work in process and post project reviews including documentation of lessons learned are carried out to ensure the success of all authorized projects. Preparedness also ensures that continuous improvement of forecast, standards, academy, and preparedness elements occur timely. This way, project standards are properly applied to all critical projects and facilitate creation of an environment for a learning organization.

 

Around 40% of projects are only successful, within parameters of time, budget, and as per the defined scope and quality delivered. The remaining 60% projects fail to meet one or the other parameter. Even experienced project managers and project teams need assistance from time to time. This reiterates the need for PMCoE. It is a proven organizational resource that ensures better performance through consistent processes, intellectual capital, tools, techniques, and hands-on support. Hence there is a need for PMCoEs across all verticals.

 

In the next blog of this series we will see how to build a PMCoE that penetrates your organization and helps deliver successful projects.

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Visukumar Gopal is Practice Head, LEAN & Knowledge Management at Syntel. He has over 20 years...

 
Posted on: September 22-2015 | By : Deepika Das | In: Analytics,Big Data,Business Agility,Digital Solutions,Enterprise Technology,Healthcare Informatics,Regulation and Compliance | 2 Comments

The significance of personalized medicine/precision medicine and its benefits is still new to the masses. However, the number of personalized medicine products has more than quadrupled in recent years. From the meagre 13 personalized medicine products available in 2006 to more than 70 in 2012, experts predict the American market for these drugs will double – increasing the market share from $9.2 billion in 2013 to $18.2 billion in 2019.
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Dr.Deepika a Dentist by profession, and an MBA in Healthcare IT has around 3 years of experience in...

 
Posted on: March 25-2015 | By : Gary Ayingaran | In: Business Agility,Industries,Outsourcing and Technology Integration | 4 Comments

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    Posted on: March 02-2015 | By : Sameer Arora | In: Cloud,Digital Solutions,Mobility | No Comments

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