Recording of LinkedIN Event held on 12 October 2023
In today's volatile and uncertain business landscape, traditional models of business architecture are rapidly becoming obsolete. How do you navigate complexity while keeping your business nimble, adaptive, and ready for the unknown? The answer may lie at the intersection of systems thinking, design thinking, and architecture thinking - wrapped up into a digital twin for experimentation and decision-making.
Further learning opportunities and specials from this podcast can be found here - https://designchain-6421547.hs-sites.com/digital-twin-for-business-architecture-options
Are you tired of static business models that fall apart when faced with real-world unpredictability? Do you wish you could 'play' with your business structure and strategies in a risk-free environment before making expensive decisions? If so, this webinar will be a game-changer for you.
What the event covered
The Basics of System Dynamics: Delve into the underlying principles of system dynamics as a scientific approach to understanding the complex systems that make up your business.
Applying Business Model Innovation and System Dynamics: Learn how to marry disruptive business model innovation with the systemic rigor of system dynamics to generate new avenues for growth and sustainability.
Making Business Architecture Real: Unpack how to transform your static business architecture diagrams into living, breathing entities that can adapt to real-world challenges and opportunities.
Where Left Brain Meets Right Brain: Explore the intersection of system dynamics (left-brain analytical thinking) and human-centered design and behavior (right-brain creative thinking), and why this synergy is crucial for creating adaptive business architectures.
Using Digital Twins/System Dynamics Models for Strategic Experimentation: Discover how to utilize digital twins or system dynamics models as sandbox environments for experimenting with various strategies and policy changes, without the associated risks.
Modeling Competing Objectives to Balance the System: Understand how to simulate and manage competing objectives within your digital twin, so you can make informed decisions that serve multiple stakeholder needs without destabilizing the system.
Connecting System Dynamics to Target Operating Model Design: Learn how to align your system dynamics models with your target operating model, ensuring that your operational design is not only robust but also flexible enough to accommodate rapid changes.
Harnessing Synthetic Data for Robust Decision-Making: Understand the crucial role of structured data in running simulations within your digital twin. Learn how to generate synthetic data that, when combined with operational business data, provides a more comprehensive understanding of your system dynamics. This methodology helps mitigate the risk of "drinking from a polluted river," where AI is trained on compromised or circular data. The use of synthetic data enriches your datasets, enabling more accurate and transformative decision-making.
Until next time, keep those strategic minds buzzing!