Digital Transformation
The course "Digital Transformation" brings relevant knowledge about the recent developments in the technology and their main impacts on industry, business and markets.
Starting from an overview on the new technologies that are emerging in these years and providing some technical knowledge to be familiar with them, the course unrolls itself towards how to face with these innovations and take advantage from them, being able to ride the change, instead of being overwhelmed by it.
The course will be taught partly in English and partly in Norwegian.
The digital transformation is the starting point for what Klaus Schwab has called "the fourth industrial revolution": fundamental changes in organizations, markets and societies as a result of the rapid rise of digital technology and our adoption of it. This course provides an overview of key technologies and processes related to organizational transformation as a result of these:
- Main sources of digital transformation (ABCD):
- Artificial intelligence
- Block chains
- Cloud computing
- (Big) Data
- Understanding what digital technology can do with organizations and markets, and innovation processes.
- How digital information can contribute to good utilization of resources, better services and the development of new knowledge.
- Digitization as a basis for new business models
- How strategic decisions about products, services, innovation and organization are influenced by digital adoption and adaptation.
Knowledge:
After completing the course, the candidate has:
- advanced knowledge of key areas of digital transformation (ABCD)
- in-depth knowledge of what digital technology means/offers to organizations and markets, including perspectives from transaction cost theory, platform and network theory, and principal-agent theory.
- in-depth knowledge of what digitalization is and basic principles for the generation and use of digital information
Skills:
After completing the course, the candidate can:
- handle and use digital technology (ABCD), for innovation, operations and strategic analysis.
- develop business applications of ABCD
- apply key concepts from transaction cost theory, platform and network theory, and principal-agent theory to describe how ABCD can shape markets and organizations, including their own organization.
- Identify and address key opportunities and barriers to technological adoption in organizations, including implications for decisions, strategies and innovation processes.
- Be able to set up a simple business plan based on innovation made possible by ABCD relevant to their own industry or organization
General competence:
After completing the course, the candidate can:
- analyze how digital technologies (ABCD) affect people and society in light of relevant legislation and ethical standards
- apply knowledge of digitalization and digital solutions to develop new forms of work, new products / services and new insights
- convey relevance and potential related to the use of digital information in business and public enterprises
The course is completed over four course days. Lectures are given in the form of lectures where high degrees of student involvement will be provided, with discussions, cases, group work and practical issues drawn from business and the public. Students are encouraged to bring their own issues into discussion and group work. Between the course days, a syllabus will be worked on, often facing challenges in their own organization / company.
As a prep work to each gathering, it is expected that a case study is read and that a 1-page case memo is produced in advance. Submissions has to be made through Canvas. The course responsible will publish enough info on cases well in advance before the course start.