Welcome to the Cloud Wars Minute — your daily news and commentary show, hosted by Cloud Wars Founder, Bob Evans. Wayne Sadin fills in today to provide insights and perspectives around the “reimagination machine” that is the Cloud! Today’s topic: Digital Transformation Requires Risk—Just Look at Meta.
Highlights
0:34 – Meta, previously known as Facebook, is an example of a company that is going through a digital transformation. This means that they are rethinking their culture, products, markets, customer experience, and employee experience. Taking risks is something that companies need to be prepared for when pursuing digital transformation.
1:56 – Oracle had pivoted the company from a database and infrastructure company and then make a big investment in apps. The press questioned their decision and wondered if they could ever compete in the market. However, they have made the transition to become one of the dominant application companies in the world.
2:55 – Be ready to make the pivot in your company when it comes to the Metaverse. If you are a CEO or board member of a company, who did not think they needed to worry about technology, you are risking your reputation. If you worry about taking the risk, someone else will take that chance to dominate the market.
