Module MG050

Digital Transformation and Disruption

Learning objectives

After you have completed this module, you will be able to:

  • define the term "digital transformation"
  • give good reasons for adopting the digital approach for business
  • explain the benefits of adopting digital technologies
  • define the concept of big data
  • understand cloud computing
  • explain the concepts of "internet of things", "industry 4.0" and "smart objects"
  • define blockchain and smart contracts
  • understand the components of artificial intelligence
  • to apply virtual and augmented reality to your business 
  • explain the idea and concept of crowdsourcing

Chapter 1: Digital Transformation
1.1 Introduction
1.2 What is Digital Transformation?
1.2.1 Keeping on top of rapidly evolving Business Trends
1.2.2 Streamlining Business Operations
1.2.3 Business Value of providing an unparalleled Customer Experience
1.3 Reasons why you should adopt the Digital Approach for Business
1.4 The Consequences of using and not using Digital Technology
1.4.1 Benefits of adopting Digital Technologies
1.4.2 Negative consequences for failing to adapt to the Digital Transformation
1.5 Handicapping the playing Field in your Favor

Chapter 2: Big Data 
2.1 Introduction
2.2 The biggest Data ever collected
2.3 You can now truly understand your Customers
2.4 Experiences are the new Marketing
2.5 Automation? No Problem
2.6 Avoiding big Data Pitfalls

Chapter 3: Cloud Computing 
3.1 Introduction
3.2 What is the Cloud? 
3.3 Why should I use the cloud? 
3.4 Common Cloud computing Acronyms
3.5 Practical Implications of Cloud computing for Business

Chapter 4: Internet of Things, Industry 4.0 and Smart Objects 
4.1 Introduction
4.2 Everything is connected in the Internet of Things
4.3 Making your Business and your Products "smarter"
4.4 Industry 4.0: The Future of Business
4.5 Transforming your Company with a tech Revolution

Chapter 5: Blockchain and smart Contracts
5.1 Introduction
5.2 Concept and Definition
5.3 How it works
5.4 Advantages of Blockchain
5.5 Smart Contracts
5.6 Benefits of smart Contract
5.7 Conclusion

Chapter 6: Artificial Intelligence
6.1 Introduction
6.2 The automation debate
6.3 What is artificial Intelligence?
6.4 History of artificial Intelligence
6.5 Current AI Technology
6.6 Popular commercial applications of AI
6.7 Types of AI

Chapter 7: Robots
7.1 Introduction
7.2 Past, Present, and Future
7.3 The Role of Robots in the Economy
7.4 A Business Perspective
7.5 Coexistence between Humans and Robots
7.6 Will the economy collapse? 

Chapter 8: Virtual and augmented Reality
8.1 Introduction
8.2 Virtual Reality
8.3 Augmented Reality
8.4 Conclusion

Chapter 9: Crowdsourcing 
9.1 Introduction
9.2 Definition
9.3 Types of Crowdsourcing
9.3.1 Design Crowdsourcing
9.3.2 Idea Generation and Innovation
9.3.3 Crowdfunding
9.3.4 Micro Tasks Crowdsourcing
9.4 Benefits of Crowdsourcing
9.5 How to choose a Crowdsourcing Platform
9.5.1 Crowd vetting
9.5.2 24-hour Availability
9.5.3 Control over the Process
9.6 Rules for running a Crowdsourced Project
9.7 Conclusion

Chapter 10: The sharing Economy
10.1 Introduction
10.2 Examples of Innovations in the sharing Economy
10.3 Some Facts and Figures
10.4 Challenges to the sharing Economy

Chapter 11:Conclusion

Workload units 2
Reading extract Digital Transformation and Disruption


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