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May 25 Newsletter

  

Welcome to the New SIMCAC Weekly Newsletter....
....Where each week, we'll share SIMCAC announcements, member spotlights, local/national industry news, upcoming events, and recaps of past ones! 

Upcoming SIMCAC Event - "Technology Megatrends & The Future of Work"
Tue, June 26, 2018, 5:30 PM – 8:00 PM EDT

SIMCAC welcomes current and eligible prospective members to join us for an evening of networking, dinner, and lively discussion. For the first time ever, we encourage attendees to bring their children, nieces, nephews, or grandchildren (ages 11-18). We have a great night planned that promises to be fun and educational for all!

We will start the evening with robotics and AI demos, conversations about the future of work (with a focus on what it means to the next generation of workers), and a casual dinner.

After dinner, SIMCAC is proud to host keynoter, futurist, and professor Christina “CK” Kerley as she takes all of us across the innovations and megatrends that will shape the future of work:


Yesterday was about billions of smartphones—but tomorrow belongs to the trillions of smart things digitizing all objects, products, and places within the physical world. The AI Arms Race is officially on, and IT leaders must turn their operations into “real-time, data-driven, know-it-all organizations” just to keep pace. Digital transformation is our destination . . . and blockchains may well hold the key in getting us there.

As headlines of job-killing robots abound, the real story escapes our view: Automation’s not taking our jobs away, it's giving executives back their time. Freed from administrative tasks, the “CoBots” will liberate employees to focus on creating new forms of value. A Reskilling Revolution—unrivaled in size, scope, and scale—will prepare our people for this fast-approaching future. And leap we must, while many in the US view automation as a big threat, China sees it as a BIGGER opportunity (and is investing the billions to achieve it).

Please register early, as we expect a heavy turnout and have limited capacity. We look forward to seeing everyone on June 26!

Register Here!

Event Speaker

Innovation keynoter and futurist Christina “CK” Kerley focuses Fortune 500s on the 10+ tech of the next 10 years.

A powerhouse of next-level content, “edu-taining” delivery, and razor-sharp insights, CK has wowed audiences at Verizon, Johnson & Johnson, Microsoft, Amazon, The United Nations, E*TRADE, and Best Buy.

A faculty member at Rutgers Business School for Exec Ed, her in-demand topics span Tech Megatrends, AI, Robotics, IoT, Health Tech, and Mobile. Her eBooks include Future-Proof and The Smart Revolution.

Passionate about closing the opportunity divide, her pro bono program —impaCKt—gives a leading edge to underserved groups. For CK’s videos, eBooks, and more: 
http://allthingsck.com/


 

Events and Announcements Around SIM

-Upcoming Advanced Practices Council Meeting - APC members will gather in Cambridge, MA on June 13 and 14 to explore strategies for transforming their organizations

-The fourth national SIM Women Leadership Summit to be held on September 27th in Schaumburg, IL

-IT Trends Study Closes Soon: We’re Behind last year’s response rate and the 2018 SIM IT Trends Study will close at 11:59 PM on Monday, June 11 
In Case You Missed It: Event Recap - "The CIO in the Age of Digital Transformation"

May 16, 2018: A rainy night in DC, did not stop business leaders from attending the SIMCAC event. While the traffic and hours of commute to the City Club did cause a slow start, the turnout was amazing! Impromptu conversations, about the challenges, struggles, and success stories of their organizations’ digital transformation, were shared between many of the SIMCAC members over drinks. The discussion flowed into an excellent dinner, where conversations about artificial intelligence, cloud migrations, and business process integration challenges, and upcoming technologies could be heard.
As dinner died down, all attention turned to Perter High and his experiences guiding and advising CIOs the world over in their digital transformations. He began by showing the volatility that marks today’s business world. Businesses do not stay on top for long. Gone are the days of companies dominating the S&P 500 for multiple decades. Now even the best struggle to stay for longer than one or two. Competition is arising from all around, and new technologies are directly competing with traditional business models. Everyone know about Amazon and Google, but what about the transformations occurring in non-technology-based businesses? Some of the greatest success stories are coming from those areas. Examples such as Dominoes, Capital One, H&R Block were given. Only the companies that embrace change and step boldly into the new digital world will succeed. The CIO should be a champion for the digital transformation of their organizations.
 
Peter showed the first step is digitization of the company’s data and processes. This is followed by digitalization where profit streams are generated from the digitized data. Finally, the new profit streams become the business model for the organization and the digital transformation is complete. This is no easy task and Peter led several discussions on the challenges that arise in this process. Often the digital literacy across the organization is insufficient to succeed. It must be increased either by acquiring people with the expertise or training the current staff. IT’s relationship with the rest of the organization also needs to change. IT should be the central nervous system of the company; acting as a bridge between departments. It should coordinate efforts and resources and be intimately familiar with the business lines. Many attendees shared their own challenges of rising to this goal. 
 
Once an organization has transformed it must keep transforming and changing. Organizations must become agile. Speed is the new currency of the digital world. The faster you can respond to the changing world the more likely you are to succeed. Peter led several discussions around what being agile means and how to become agile. Moving to the cloud is one way to increase agility. But as many people shared, it is neither a magic bullet nor does it save money. It requires new expertise, training, and support staff. Organization must change what is valued in its employees. Learning agility, grit, and curiosity are the most important qualities to find in employees. Everything is constantly changing, and the rate of change will only increase. The organization must be made of people who can embrace change and look forward to the future.
Check out the new SIMCAC LinkedIn Page 

We'll periodically be posting updates here at the new SIMCAC LinkedIn Company Page. Please follow and share via your personal page so we can spread the word about SIMCAC updates and events!
Attention SIMCAC members! Since our members are the lifeblood of this great chapter, the success of this newsletter depends on our ability to share the happenings within it! So we're going to ask for your help in making this newsletter the best it can be. If you or fellow SIMCAC members have announcements, articles, pictures, videos, or any other content you'd like to share (and please do!), email to jamesedwardparks@gmail.com

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