Three centuries in a month and moving forward: #Italy, #EU, and #COVID19 - 9. Transitioning toward a data-centric society

9. Transitioning toward a data-centric society

The #future in a #data-#centric #world? Thinking about #automotive, #banking, #retail, and... #M&A)

In early February 2020, I shared some considerations about the impacts I expected, discussing concepts about automotive, banking, retail and M&A, as the first three are those I worked in most often since the 1980s, while I was involved directly or indirectly on few of mergers, acquisitions, and associated activities.

In my view, it is a matter of few "themes" (to lift a concept from OGC's MSP):
1. governance 2. sustainability of industries.

You can read details in that article, and the recent lockdown worked actually as a "what if" about the future.

What is the concept of "future"? In this context, future in a data-centric society, where both the organization of work, consumption, and social relationships (as well as time) will change.

A couple of weeks before that article, shared some other considerations, on what is needed to build such a "future"- you can directly read those few pages (see #decision #making : #preparing for a #data #centric #future).

Short summary: yes, "data-centric", but "data" is just an element.

What matters is how you use data, and the talent you build for that purpose- not just data specialists (not only data scientists- somebody proposed also "Chief Data Officers"), but also by embedding "data orientation" across the organization.

It is about decision-making and decision-makers, contextualization of data, and something else.

In Italy, often the business culture is still pre-industrial in its instinct, e.g. as if knowledge were to be transferred from generation to generation.

So, in a data-centric world, we still need to develop a different kind of managers and management abilities.