1st Mantra-Enable mindset to drive digital

A digital mindset allows company to think from the perspective of its

customers. It allows employees across departments to visualize every step of a
customer's digital journey, allowing them to make strategic and technological
improvements as needed. The CEOs of Singapore believe it is critical to
influence internal dynamics and people's mindsets.
Now, what must CEOs do?
•Value mindset over skillset to create a corporate culture that values mindset
over skillset. While upskilling workforce to fit the digital world roles
•Look beyond profitability for more effective indicators of success to define
organisational goals that look beyond the bottom line
•Harness technology to meet the needs of people and their communities-The
advances of the digital age are powerful in unprecedented ways and, if
properly harnessed, may hold the key to addressing systemic challenges for
the benefit of the broader community
•Create opportunities for co-operation among Governments and businesses on
a regional and global scale so that Technology can rejuvenate crumbling trade
links between nations.
4th Mantra-Turn data into enterprise asset
Companies must strategically value data as an enterprise asset to maintain and
achieve competitive economic advantage in a world of rapid technology-driven
upheavals. This data strategy should encourage innovation, new product
development, improved consumer interactions and experiences, and the
detection of fraud.
Now, what must CEOs do?
•Design a robust corporate data strategy to understand your data assets and
how they can translate into business value
•Drive data value which delivers an estimation of enterprise data in terms of
potential profit and liability
•Build Data Trust Frameworks to provide a basis on which valuation can be
made
•Implement data governance to enable the trust in data and ties people,
processes and technology all together
•Ensure data security as Data integrity and security underpins an
organisation’s ability to derive and drive value from data

Further will be continued by Abhishek