Successful digital transformation requires systematic analysis of the opportunities and threats arising from new digital technologies.
Kanvic's Digital Opportunities and Threats Scan (DOTS) helps companies gain a 360-degree view of their market and broader economic environment to identify the most attractive opportunities to tap and the major threats to counter.
DOTS has three dimensions: digital accelerators and barriers, digital market landscape, and technology frontiers. Scanning the three dimensions, Kanvic's proprietary DOTS tool helps leaders prioritise opportunities whilst taking appropriate measures to counteract threats.
First, digital accelerators and barriers assess the trends that affect the development of the digital landscape. This dimension looks at government policies and regulations and social and technological trends triggered by technology drivers.
Second, the digital market landscape examines the competitors in the technological space. This area evaluates key players in the industry, including new entrants from small and large digital firms and suppliers of new digital solutions.
Finally, scouring the technology frontiers identifies the new technologies that have been developed. In a rapidly evolving digital landscape, there is a need to observe new technologies and tools being developed on the market.