During our annual international executive forum in Sydney, recent research project findings were shared by MIT CISR team members Peter Weill, Barbara Wixom, Alan Thorogood, and others. With a focus on the local, they shared examples and case studies using AsiaPac firms as well as guest speakers from the area.
In Person
MIT CISR AsiaPac Int'l Executive Forum 2024
March 6 & 7, 2024 | Sydney, Australia
Who should attend?
Board members, C-suite executives, and business and tech leaders from member organizations will find value by attending this event. Key liaisons at our member firms manage registration. Please contact Chris Foglia if you have any questions about this program or need contact information for your organization's key liaison.
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This new book by Barbara H. Wixom, Cynthia M. Beath, and Leslie Owens was released in September 2023. All attendees of this Forum will receive a free autographed copy of the book and we'll celebrate with the authors at a Book Launch Reception during the Annual Research Forum. |
Engage with peers & MIT CISR Researchers in person!
Attendees at the 2022 Annual Research Forum having a discussion with principal research scientist Dr. Barb Wixom.
Our Agenda
March 6, 2024
8:30 AM–6:30 PM, AUS EDT
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8:30 AM |
Check-in and Welcome Coffee/Tea |
|
9:00 AM |
Welcome and Introduction |
|
9:15 AM |
Data Is Everybody's Business |
| 10:45 AM | Break |
| 11:15 AM | What's Next? Real-Time Business Peter Weill In this research project we asked, “What’s next after digital transformation?” The answer we found: becoming a ‘Real-Time’ Business (RTB). RTBs operate more and more in real time with transparent and automated decision-making, seamless digital customer and employee journeys, while managing and reduce operating costs/risk- based on a foundation of real-time data. In a world of increased volatility, firms that are able to operate in ‘real-time’ outperformed their peers on both margin and growth with better customer and greater organizational efficiency. In this session, Peter will share the RTB framework and recommendations developed from work with Insight Partners and a 2023 survey of 259 companies globally. |
| 12:30 PM | Lunch |
| 1:30 PM | Pre-recorded CEO Interview Peter Weill with Dig Howitt, CEO & President of Cochlear Limited |
| 2:00 PM | What Boards Want from Tech Leaders Peter Weill with Yasmin Allen, Non-executive Director, Cochlear and other Australian firms As boards become increasingly engaged in their companies’ digital activities, we will discuss what boards really want from digital leaders. Yasmin Allen —on the boards of Santos, QBE, ASX and Cochlear and chair of tech company Tiimely—will have a conversation with Peter on what helps make boards more digitally savvy and how tech leaders can help. |
| 2:25 PM | Spotlight on Digital Talent Panel Discussion Kristine Dery with Bridget Gray, Managing Client Partner, Gray Talent Corporation and Yasmin Allen, Non-executive Director, Cochlear and other Australian firms Companies continue to be challenged by the need to shift their workforce to being more future-ready for digital. In this session we will explore the shifting landscape for attracting, retaining, and developing the talent needed to extract the value from digital investments. |
| 3:10 PM | Break |
| 3:30 PM |
The Economy of Algorithms: AI and the Rise of Digital Minions |
| 4:45 PM | Wrap-up & Feedback Kristine Dery |
| 5:00–6:30 PM | Data Monetization Book Launch & Reception All attendees are encouraged to join us to celebrate the publication of the latest book based on MIT CISR research: Data Is Everybody's Business by Barb Wixom, Cynthia Beath, and Leslie Owens. Barb will be happy to personalize your complimentary copy of their new book. |
March 7, 2024
8:30 AM–5:15 PM, AUS EDT
|
8:30 AM |
Check-in and Welcome Coffee/Tea |
|
9:00 AM |
Welcome and Introduction |
|
9:15 AM |
Scaling AI: Sustaining AI @Scale |
| 10:15 AM | Break |
| 10:45 AM | Update on Future Ready – And What’s Next Peter Weill To become Future Ready, companies are undergoing digitally enabled business transformations—using digital capabilities to transform a traditional enterprise into a top performer in the digital economy. In 2017, MIT CISR unveiled a framework describing what a Future Ready company looks like, the four viable pathways for digital business transformation, and the four types of organizational explosions that companies need to manage as they transform, and we’ve tracked progress and performance since then. In this session, Peter will present the latest survey data on the Future Ready framework. He’ll highlight recent challenges and opportunities of digital business transformation and lead a discussion on what’s next including real-time business and domains. |
| 12:00 PM | Lunch |
| 1:00 PM | Ecosystem Governance: Decentralization and Web3 Gayan Benedict The advent of Web3 is accelerating a shift of governance from centralized, hierarchical committees and boards to decentralised, tech-enabled alternatives. Gayan will explore the forces driving this re-distribution of governance and examine how some companies and industries are adapting. |
| 2:00 PM | Value from xTechs: Partnering to Grow Alan Thorogood and Jason Millett In this digitally connected world, no company can do it all. Larger companies are partnering with fast and innovative xTechs to grow faster. But it’s not all smooth sailing—there are reputational risks, integration issues, and governance challenges. Alan will present lessons learned from our recent survey, highlighting the mechanisms that help develop successful partnerships between xTechs and large companies. Jason will describe how executives make these learnings work for both partners. |
| 3:15 PM | Break |
| 3:45 PM | Going Faster Is Not Enough: Add Innovation to Outperform Peter Weill Surprisingly, going faster in business doesn’t differentiate much. In today’s digital world, top performers are both faster to market and better at innovating to generate new revenue because they have the necessary technologies and mechanisms. In this session, Peter will present the latest MIT research that identifies four organizational drivers that support both speed and innovation—and then discuss how, when done right, they can contribute to top performance. He will illustrate the research with a case study of Mercedes-Benz. This research was done in collaboration with Jan Brecht, Global CIO of Mercedes-Benz and is based on a 2022 survey of 721 companies. |
| 5:00–5:15 PM | Wrap-up & Feedback Kristine Dery |
MIT CENTER FOR INFORMATION SYSTEMS RESEARCH (CISR)
Founded in 1974 and grounded in MIT's tradition of combining academic knowledge and practical purpose, MIT CISR helps executives meet the challenge of leading increasingly digital and data-driven organizations. We work directly with digital leaders, executives, and boards to develop our insights. Our consortium forms a global community that comprises around seventy organizations.
AlixPartners
Avanade
Cognizant
Collibra
IFS
ABN Group
Alcon Vision
Amcor
ANZ Banking Group (Australia)
AustralianSuper
Banco Bradesco S.A. (Brazil)
Banco do Brasil S.A.
Bank of Queensland (Australia)
Barclays (UK)
BNP Paribas (France)
Bupa
CarMax
Caterpillar, Inc.
Cemex (Mexico)
Cencora
CIBC (Canada)
Cochlear Limited (Australia)
Commonwealth Superannuation Corp. (Australia)
Cuscal Limited (Australia)
CVS Health
Dawn Foods
DBS Bank Ltd. (Singapore)
Doosan Corporation (Korea)
Fidelity Investments
Fomento Economico Mexicano, S.A.B., de C.V.
Fortum (Finland)
Genentech
Gilbane Building Co.
International Motors
Jewelers Mutual
Kaiser Permanente
Keurig Dr Pepper
King & Wood Mallesons (Australia)
Mater Private Hospital (Ireland)
Nasdaq, Inc.
Nomura Holdings, Inc. (Japan)
Nomura Research Institute, Ltd. Systems Consulting Division (Japan)
Novo Nordisk A/S (Denmark)
OCP Group
Pacific Life Insurance Company
Pentagon Federal Credit Union
Posten Bring AS (Norway)
Principal Life Insurance Company
QBE
Ramsay Health Care (Australia)
Reserve Bank of Australia
RTX
Saint-Gobain
Scentre Group Limited (Australia)
Schneider Electric Industries SAS (France)
Tabcorp Holdings (Australia)
Telstra Limited (Australia)
Terumo Corporation (Japan)
Tetra Pak (Sweden)
Truist Financial Corporation
UniSuper Management Pty Ltd (Australia)
Uniting (Australia)
USAA
Vanguard
WestRock Company
Wolters Kluwer Financial & Corporate Compliance
Xenco Medical
Zoetis Services LLC
MIT CISR Associate Members
MIT CISR wishes to thank all of our associate members for their support and contributions.