What does it take for a company to successfully drive their digital transformation projects forward? In this round of cocktails, we talked to the founder of the Institute of Digital Transformation to explore the reason why 2020 was a transformational year that wasn't and the challenges most companies face with their transformation initiatives. He further gives us advice on how to achieve a state of readiness for transformation and how we can accelerate our journey by utilizing the medici effect. We also dive into why becoming a tech company shouldn't necessarily be the transformation that companies should be aiming for.
Transcript
Kevin Montalbo
Welcome to episode 49 of the Coding Over Cocktails podcast. My name is Kevin Montalbo and joining us from Sydney Australia is Toro Cloud CEO and founder, David Brown. Good day, David,
David Brown
Good day. Kevin.
Kevin Montalbo
All our guest for today is a technology analyst and internationally recognized authority on the digital enterprise and leadership in the digital era, researching digital transformation for almost 10 years now, he is now focused on helping leaders transform their organizations around the customer experience and to reimagine the future of work. He is a principal analyst with intellect, founder of the Institute of Digital Transformation, co-founder of the Maps Institute and author of three books. Our guest is a sought after keynote speaker and advisor to technology companies and enterprise leaders. Joining us today for a round of cocktails is Charles Araujo. Hi, Charles. Great to have you on the show.
Charles Araujo
Hi, Kevin. Hi David. Great to be with you. Good day, Charles.
Kevin Montalbo
Good day. So you cover a lot of interesting topics about digital transformation in the institute. And in your blog, you described how 2020 was the transformational year that wasn't, which is quite contradictory to what most experts, even the ones who have been in this podcast have been saying about how the pandemic became a catalyst to accelerate digital transformation. So can you explain to us why you described it the way you did?
Charles Araujo
Well, first of all, thank you very much for making me read all my own articles. It's always great to go back down through memory lane. Um So no, you know, it's funny, I was actually going through your list of past guests and I actually know a large number of them. So,, you know, no disrespect to any of them. But, yeah, I guess I have a slightly contrarian view. So, you know what I read about in the article is that, first of all, you know, kudos, I've, I've been in that seat of having to run organizations and speaking to a number of execs that are friends of mine. I know these were herculean efforts, right? So I'm not trying to diminish that by, by any stretch they went through, they were just, you know, doing crazy things to try to respond to this massive shutdown that just sort of hit all at once. But my point in the article was that what they were doing was responding and that when we talk about what true digital Transformation is all about, it's not about responding, it's not about this response per se to this acute thing that happens. What they were really doing is doing. There was pent of demand, there was all the stuff that they knew they should be doing, they knew they should be taking care of and, and this gave an opportunity to do that. And so they responded, they reacted. But my view of what true and this, I I think the real issue here is what do we mean by digital transformation? And my view of it is that it's about a fundamental change in the business models and operating models of an enterprise to pivot around the creation of value derived from creating a differentiated customer experience. And if you look at most of what happened throughout the pandemic, that's not what was happening, that isn't at all what it was about. And so that's really the point of it, it was that it's, it's just, it, it's, it was a mismatch of sort of what we mean. And so what really people were saying is that there was, you know, seven years or 10 years of change that happened in a few months. Absolutely true. But I, the point of the article was that there was an opportunity, I believe there's still right to today, an opportunity for true transformative action and efforts if people seize these moments.
David Brown
Yeah. And in the same article, you, you said that a lot of organizations missed the mark because they didn't have enough intellectual curiosity, um which I thought was an interesting phrase. So what, what do I mean? What is intellectual curiosity and how does one get it?
Charles Araujo
Yeah. So, so the objective and, you know, I wrote this article and I knew I was gonna catch flack ironically, I didn't get as much as I thought people just probably ignored me. But he um you know, I give a lot of keynotes on creativity or I had right before the pandemic hit, I started to really pivot around this and, and the idea of intellectual curiosity is, is really just this idea of being introspective and mindful and being willing to challenge the status quo. Um So going back to kind of the last question, a lot of what we saw was incremental change. It had been all bundled up and done really, really quickly in the short period of time, but most of it wasn't representing fundamental shifts in how things were done. And, and the reason is, is, you know, when you're under pressure like that, you don't have the luxury of doing that true transformation requires this, I, you know what this idea of intellectual curiosity is the step back. It's pausing and saying, OK, if we could start with a blank sheet of paper, how would we create this organization? How would we create this business model? How would we create the operating model? How would we transform the way we interact with our customers and the way we deliver value and services to them when I talk about intellectual curiosity? That's what I mean, it's being willing to do that. And, and maybe I know you asked, how do you do it? But let me start by saying why it's so hard? It's so hard because our organizations aren't set up that way. That's not how we manage performance. It's not how we measure um growth. It's all of those things. I, I had this executive that used to fly me out. I lived in California at the time, fly me out to Ohio once a month to do strategic planning and my, my fingers are doing air quotes here for those listening and, and I remember I was quite a bit younger at the time and I remember thinking, you know, how, how proud I was of myself that I was so smart that someone is willing to not only pay me but fly me across the country every month just to hear my thoughts. Now, what I came to learn as I got older is that he couldn't put on his calendar time to think, but he could put on his calendar strategic planning with Charlie. And so my job was I was the foil. I was the muse. I was the guy to walk around the lake so he could think out loud so that he could embrace this idea of intellectual curiosity. He just stepped back to see what was really happening. It's really hard to do. So that is an example of a way of doing it. There's lots of ways, you know, practicing mindfulness in general and apply, applying it to your work life, you know, retreats done, right? Can be an effective way of doing that. Anything that causes you to step back from the way things have always worked and giving yourself the space to say what if, how could, that's what intellectual curiosity is and that's how to start opening the door to it.
David Brown
Yeah. So I guess your point is that, the year that wasn't, was more about response to an emergency. And I guess a lot of it revolved around electronic communication both internally. It is from the members of the team members as well as externally to customers and business partners. And so, but electronic communication, you know, you're starting to use Slack or Microsoft teams is not necessarily digital transformation, click and collect is not necessarily digital transformation. They may be some technologies which facilitate digital transformation, but it goes way beyond that. And it's a strategic thought process and it's holistic, I think one of the interesting things you also mentioned is one of the barriers for digital transformation is actually starting finding a starting point. You wrote an article Digital Transformation, not because it's easy, but because it's hard, you tell us that the first step is to redefine success. So what should the success para parameters look like working towards transformation?
Charles Araujo
Yeah, so, so you know, you're right, if we, we look back at that and that it was this idea of, of a response and it was and it, and it wasn't the the point really is it wasn't about the technology, any technology can be a vehicle for true transformation. It's really about what you do with it. And that actually goes to this question. The point of that article actually actually spurred it. In fact, II I quote, um, this study in that article and in it, it was two staggering numbers. This is a few years ago now, but one was that 30 some odd percent of the executives that they surveyed in this study had done nothing to prepare for digital disruption. And I'm like, you know, mind blown. It's like, how can you not be doing anything with this endless drumbeat of everything being disrupted. But the one that actually got me going much more like just got my dandruff was the fact that 7% thought they were done. And, and what it really spoke to was the fact that people are just looking at the idea of digital transformation improperly like it's a technology project like it is just something that has a start and a finish and these metrics in between. And in the article, I talked a lot about the fact that, you know, we as humans are wired that way, right? We, we hate, you know, open, in fact, as a writer, one of the things we practice is this idea of the open loop, right? Because if you start a story and don't finish it,, it drives humans crazy. We wanna know how it's going to end. We hate that open endedness, right? And so when we talk about digital transformation, what makes it so hard is by its very nature, it's a process, it's not a project, it's, it's a journey and it doesn't at least for the foreseeable future, it doesn't have an end per se because what it's really about is building a capability of continuous change. Right. At least as I look forward into, you know, putting on my futurist or analyst hat, I look at where things are going over the next 10 or 20 years. And I know this makes me a pretty crappy futurist, but I have no flipping clue what's going to happen. The only thing I'm sure of is that it's gonna look a whole heck of a lot different than it does today, that things are changing so rapidly that if we try to stick a pin in it by the time you get wherever the heck you thought you were going, there's a good chance that the entire landscape looks entirely different than what you imagined it to be. So, the redefining of success means stop trying to approach this with industrial age patterns and measures and instead focus on the capabilities that you need to create an agile organization. One that is, is capable of continuous adaptation, continuous change, continuous pivoting because that's what's gonna be necessary when we have an uncertain future. When we don't know what's coming, then you need to be building the controls and capabilities that allow you to adapt to whatever comes and, and technology plays a huge, huge role in that, right? You know, architectural elements are foundational here. But again, we have to approach it from the right perspective because it's not about creating a reference architecture that's locked in stone and we review it every two years, right? It's about creating a highly agile and adaptable architecture from a technology perspective that gives our business counterparts the flexibility to do whatever they need to do. Right. And so it's, it's this really fundamental shift I think in how we look at what it even means to digitally transform. And it's why, you know, you mentioned one of the groups that I founded was the Institute for Digital Transformation. And we built something called the digital Enterprise Readiness framework to try to instill this idea for people to say that it's really about maintaining the state of readiness, right? And that's what we actually need to be measuring. Are you in fact ready to and, and I know I've been talking too long on this one, but my last little bit on it is, think of it like an elite um sports team, right? They have drills, they've got plays, but what they're really practicing is how to work together, how to communicate, right? A team that cannot adjust on the fly, do an audible if you're a US football fan, right? Of see the lay of the land and change the play on the fly, the team that can't do that loses every time the teams that can do that effectively have a much higher chance of winning. That's what we're talking about. When we talk about true digital transformation.
David Brown
That's interesting. You mentioned that framework you developed at the maps institutes presumably several years ago. Are you still finding the same framework relevant today? Did you have to tweak it, modify it?
Charles Araujo
Um un unfortunately, no, it's, it's um you know, the the state hasn't changed much and, and this is where in a, in a sort of weird ironic twist, I think the pandemic actually set this back, we saw a massive forward progression in a lot of, you know, migration of the cloud as an example, right? So a lot of technology transformation, but not nearly the kind of business model kind of transformation and, and the stuff that we cultural transformation that we're talking about. And I think that's where the big opportunities still lies. So, so, no, I, I don't think so. And, and, and the reality is is that even if organizations had fully grasped this and fully adopted it, the you, you don't mean you don't like it. It's the same thing, you don't achieve a state of readiness and then you're ready. It's a continual thing. It's like you, you, after you win the Super Bowl, what do you do show up Monday and you go to practice again, right? I mean, and you start practicing again, you have new teams, new plays, you've got to stay sharp. It's, it's really the same thing here.
David Brown
So we're talking a lot about intellectual curiosity and thought processes and approaches to digital transformation. And one of the things I thought was interesting is you've written about a concept called the medici effect to promote thought diversity because you know, we wanna create have a creative process here. And my and my understanding is you observed this inaction, this medici effect. Can you, can you tell us about it?
Charles Araujo
Yeah. So I I wish this is my idea. It's not, it's a brilliant um concept um coin actually from a book by um a gentleman by the name of Franz. Hope I'm saying his name, right. Johansson, I think. Anyway, he has a group called the Medic, the Medici group. It's actually Medici, I've been saying it wrong for years. Um the Medici group. Um and then if you don't know, the Medici family is a extremely famous family from history. They ruled Florence in the middle of Italy for hundreds of years. And there's all this kind of lore. I actually um it, it, I have a, well, I guess a personal connection is too big of a term, but I spent five weeks living um and working just outside of Florence um two years ago. And so sort of, you know, got a, a great time to spend a lot of kind of opportunity to spend quality time in a lot of these, you know, Medici outposts and the history and kind of feeling it, you know, but um one of the things that is interesting about them is they were, they were a powerful family. They were arguably one of the first, the world's first modern bankers, but they also were huge patrons of the arts. And the point of this of Johansson's book was that they unintentionally and inadvertently kicked off the Renaissance um by bringing together the best Italian artists from all over Italy into Florence because they wanted the best art, They wanted the, the most beautiful, most avant garde art. And so they brought all these people together and once they brought all these artists together, it created this explosion and creativity because they were feeding off 11 another, they were watching each other's techniques and viewpoints and perspectives and it caused them all to grow rather because each of these were sort of at the peak of their own, their own little areas of Italy. And so they didn't have anyone to learn from or to grow from or not as easily. And now suddenly they're all in one place and they're all feeding off one another and it created this explosion in art that, that, you know, I think it was only part of it but eventually blew up into what we now think of or know as the renaissance. And so the point of the book is that this isn't a one off thing that this is a, you know, a, a very well known example, but we actually see this throughout history. And in modern times of what he ends up calling the medici effect, this idea that you bring people together with different ideas, perspectives, thoughts backgrounds and allow them to be in a space virtually or physically that they feed off one another. And we see explosions of creativity. And so what you're referring to is I actually gave a keynote at a place called Kaus, the King Abdul University of Science and Technology in Saudi Arabia. And it was this strange place in a very cool way because they brought people in from all over the world, some of the smartest, you know, minds around the world in all of these different areas of kind of exploring science and technology. And they, you know, Saudi Arabia has, you know, some repressive and oppressive sort of policies and within the walls of Kos they all but were gone. It's like they very intentionally created this space that was like the safe wall and literally walled off. It was like, you know, you had to pass through three security checkpoints to get in. It was this little enclave that was really for all intents and purposes, not part of Saudi Arabia in terms of like all the rules and what have you. And so it was this amazing experience because you just had this, you know, imagine some of the smartest people in the world all in one place all interacting and and so they're still producing just massive amounts of technology coming out of it. And so that's, that's the idea. And so my, my call in that article and certainly any chance I get is I tell people that they, they have the opportunity to do something similar within their own walls to purposely bring people with different perspectives and ideas and viewpoints and backgrounds and histories and certainly, you know, diversity sexually and, or what's the gender I say, wrong gender and, and race, right? And, and just stick them together and see what happens. And so, you know, that and, and I think, you know, going back to intellectual curiosity, it's a huge, hugely important way or beneficial way of doing that, right? Because you just sort of let it go and, and let people have the freedom to explore and ask the what ifs and the why nots and how tos and and some amazing things can happen.
David Brown
You mentioned that the, according to a study at MIT Sloan Management review, the three most important employ employee skills needed during a digital transformation are a change orientated mindset, digital and technology literacy and strategic thinking. How can an organization develop those skills?
Charles Araujo
So, yeah, I thought you were gonna ask, you know how our organization is doing it and, and the sad answer to that one is they're not for the most part. I don't, I don't want to say none are, but
David Brown
your observation is not actually happening at the moment,
Charles Araujo
you know, again, I don't, I, I think there are some organizations that are, but, but the hard, hard part with these kinds of skills is that it requires a, an executive team that understands their importance and is willing to invest in them because it's not like, you know, training someone in, you know, react or something, right? Where it's like there's a very demonstrable connection between that and a and an output that I'm trying to create. These are difficult to quantify and so making investments in them. And, and the hard part is these are long term investments, right? Creating a change or change oriented mindset, creating this strategic thinking kind of or, you know, critical thinking approaches, adopting things like system thinking and design thinking. These take a long time, these are fundamental shifts in change and in thought patterns. And so these are big investments. Um And so here, here's where I have seen, I've seen, you know, some success with organizations doing a few things like um one organization did a Shark Tank like program where they had a specific program in place where it was formal and they made it lots of fun, modeled off the TV, show the Shark Tank and it was looking for innovative ideas and, and basically, if you formed a team, you had to present your basic pitch and, and all it was looking for is this was for real and it wasn't like some, you know, hey, we want to go to the Bahamas and, you know, test sand or something, right? Um And as long as it was a real thing, then you got allocated time to work on it and a little bit of budget and then you got to come and make your pitch to the Shark Tank and, and it was the Shark Tank web executives and those that, um, those that won the Shark Tank actually got funding and the right to go and try to bring their idea to market within this company. Um And I think that was a great idea, right? It encouraged team teamwork, it encouraged this, this whole cultural shift of people thinking about innovative ideas. And, you know, you know, if you think of the old fashioned suggestion box, it was the complete antithesis of that, right? It was rather than just writing some idea and sticking in the black void. It was you own this, you have the opportunity to build it out and make your pitch and make your presentation. And if we like it, we'll fund it, right. It was. So I think, I think that there have been examples, um, direct TV, before they got acquired, had a team of, of people that um whole job was to help ferret out ideas and to partner with business units to bring them to fruition, the US government, actually the office of the White House under um, the Trump administration, I believe it's still functioning under the Biden administration has a, a tiger team that literally their job is they have some of the brightest minds that they stole away from Silicon Valley. Um And they send them out to federal um federal agencies and their whole job is to help them build out innovation mindsets and to bring innovations to market. So, I mean, I think there is examples of it, right? But every one of these, if you sit and process what I said for a minute, these are massive investments. This isn't just a little thing. And so because of that, I think that most organizations have shied away from it and, and they aren't investing and, and the sad part is it doesn't need to be that big grand scale, right? It can be something on a on a much smaller team level, something as simple as Google's famous. Um They've now disbanded it, I believe, but they used to have, I forgot it was 10% of your time was allowed to work on anything you wanted kind of approach. You know, I think there's a lot of simple things that you can do even at a team level to do it. But sadly, I don't think most organizations are really making any serious consistent investments in these areas.
David Brown
Yeah. The reason I asked the question is we often hear from our guests that one of the biggest challenges associated with a digital transformation is is rolling out process change and getting people to innovate with new ideas and accept being accepted of change. Um And so, if that's the biggest inhibitor or a digital transformation process, then it makes sense that a strategic thinking and change mind oriented mindsets are the way to go for rolling out these changes. But it's easier said than done because those are enormous challenges. And,
Charles Araujo
you know, I, I, I'm not actually, I, I, I'd almost argue that a transformation program can in fact be a fabulous tool to drive cultural transformation and to build these skills. And I'll give you an example. So, in, in sort of my previous life, I used to run large scale transformation programs and I had a few rules when I did this. The first was that we created a vision statement first, right? This wasn't about a project plan. We started with a vision of the future of what we are trying to create through this transformation. What did a transformed organization look like we created what I call the, why this, why now um statement and it was this call to action, why we had to do this and why we had to do this right now. And it was an invitation to have everyone see themselves in that vision. In fact, the process to create it was one of the largest processes at the beginning of this, of this of a of a launch where we would bring together massive numbers of people from the perspective, teams to help craft this vision. It was incredibly laborious. But the the end state was that we had a vision statement that wasn't being thrust upon people that people had invested in helping to create. And then once we did that, we created a whole series of cross functional transform, transformational teams. And my rule was every team had to be led by an individual contributor, no managers, no directors, it had to be led by an individual contributor because that was how we were going to start building talent, right? We were going to give them so any manager or director who had people that they had their eye on as the people they saw potential and they were given these slots. And now, and it was fascinating because their managers and directors were sometimes on their teams and in the context of these transformational programs, they were the ones in charge and they weren't making decisions. You know, there wasn't any man here to say, hey, you get to go decide they had to get the team on board, they had to con. And so all of these things we're talking about were embedded in the process itself. And because it was part of a finite transformational program with a definitive set of objectives, it gave it boundaries and it gave, you know, a safe space for people to operate. And so when we did that it actually created. In fact, one of my um one of my crowning achievements so to speak is that in one of these programs, I think we had five of the six team leaders of this one group all get poached to go become management leads in non it units. It was really fascinating because the business people that they were interacting with said, wow, we love what this is, we love that you understand that because we force them to understand more about the business and they were getting pushed out of it. So, you know, I think it was, it became this thing where we were propagating these transformational skills, ironically enough using a transformational program to do it. So I think that is one way of, of, of driving it. Um But there's lots and lots of ways,
David Brown
I think there's an opportunity for a book here. These anecdotes are really, really useful and interesting because, you know, the companies do need to develop these strategies and learning from what has worked for other organizations. Is, is I think enormously valuable. Um can we talk about and acronyms and buzzwords, the it industry loves them? Um And you've argued that by ignoring labels, we often lead to more success. Can you tell us why we like, we always fall into this trap of labeling um what we should be doing instead.
Charles Araujo
So, so I think this applies in a lot of ways. Um My my wife's family is famous for giving nicknames. But I think it's a human condition. We, we, we have to process massive amounts of information and so we have to create associations and labels are a simple way of doing that. There's, there's nothing inherently wrong with that. My, my point about that article and, and I rail on this one all the time as an analyst is an analyst firms in particular. But the industry at large loves to create these nice neat little boxes that they can stick tech companies into so they can compare them and you know, blah, blah, blah. And you know, I I I'm old enough now that 20 years ago, the technology landscape was fairly static. It didn't move that quickly. So it was actually really useful. If you were to gonna go buy a piece of technology, there was guaranteed to be three or four direct competitors, stick them in a box doing a feature set comparison, do a bake off all made perfect sense today, at least for those organizations that are doing anything the least bit disruptive that are doing anything about pushing boundaries. That is the absolute worst thing you could do because there is no direct comparison and there's no neat little box you guys, and I know we're probably not supposed to be talking about you guys directly that much. But, but Toro is a great example of this, right? I don't know what box I'd stick you in, if I had to, if I was forced to stick you in a box right now. Right. And, and almost any company that I find interesting that's doing interesting stuff falls exactly into that trap that there is no way to just pick a box and neatly stick you into it. And, and so it's, to me, I understand why it happens. I certainly understand why the large analyst company or firms do it. But as an enterprise leader, because that's what I am at my core. It's the exact opposite thing that enterprise executives and leaders need today because the fundamental situation for them is that they have business problems to solve. And it doesn't matter if I call you an integration company or a local development platform, it does, it doesn't matter what I call you the question. The only question that matters is here are my very unique problems. Here are the very unique outcomes I'm trying to achieve in my transformative goals. Can you help me? Can you be a part of that solution? And the r the reality is even if you can be, you're not gonna be the whole solution. There is nobody out there, even the biggest tech companies in the world that can deliver a complete solution with nothing else required. So for the enterprise leader, it's about how do you assemble the winning All Star team, right? If we go back to the sports analogies, I need to assemble the winning all star team and no matter what, I'm gonna have a whole bunch of players. And if I try to stick labels on all of them, it's just not gonna work. I'm, I'm going to end up sending myself down these rat holes of comparison. In fact, I read another piece um called distinction bias that when you start comparing two vendors or to anything head to head, you start overweighting the, the the the differences between those two. So I look at these two because I'm trying to compare, I say,, well, this one has 5% more of that 10, well, that must be better, right? When I'm actually looking at the context of my business problem that 5% probably doesn't mean anything at all. But the distinction bias creates an overweight where when I look at those differences, I overweight them because I'm actively looking at this and trying to compare and there's all this neuroscience that goes back to this in terms of um, the way our brain works when we are focusing on something and that's what happens. We're, we're creating this false focus when we're, when we're sticking labels on organizations. So sorry, I'm probably ranting a bit, but it, it just, it really bugs me because I think it is completely the antithesis of what enterprise leaders need. And so I think we just want to eliminate them as much as we possibly can. Yeah,
David Brown
I don't think you're ranting raving at all. I I love this, this, this thought process that we're discussing because it's so critical. Um You, you, you've also written that um digital transformation is stirring it a, a debate as to whether um the process of digital transformation, whether is it overly hyped or is it actually understated, severely understated? And you came up with this term, the tech company fallacy. Can you explain what the tech company fallacy is and how it affects our decision making?
Charles Araujo
You were quite obviously trying to get me to rant and rave all over this show because this is another one of my Bugaboo ones. Um So there have been a number, in fact, I I probably should go look to see who said it first, but somebody had this quote, every company is now a tech company. And so the tech company fallacy is simply that, that, that people bought this googly goop that every company is, in fact a tech company. Um And, and so that when I said it's, it's both overhyped and understated, what I mean is is that on the one hand, you know, it's hard to go to a tech company website today and not find somebody talking about how they're essential to digital transformation. It's just become this, this meaningless term now that people are slopping on everything. Um And so rightfully, so most enterprise leaders kind of just roll their eyes at that is I advise tech companies. I say, you know, it's, it's it's been neutered to the point that it doesn't add much value. You need to be talking about specific outcomes, specific business value challenges that you're helping to address. But on the other side of the coin, I think because of that, maybe even that most organizations are still not truly grasping the essence of what digital transformation should really be. And I think that the tech company fallacy is, is almost become a form of bias because they seem to think that that's actually it that, that, by saying, we're a tech company, we're not, we don't sell cars, we're a tech company, you know, that happens to sell cars, then they're sort of creating this, this false relationship and somehow thinking that that means they're digitally transforming themselves when in fact, it's, it's entirely missing the point. So my, by my definition, the only true tech companies are companies whose entire business is selling technology. And by definition, I need to then use that technology to solve a business problem for my customer. So if I'm using that technology to solve a business problem for my customer, I'm not a tech company, I'm a whatever it is company, I'm a because we all provide value. Any company that is in existence has a set of customers and they exist to do one thing to provide value to those customers. And today the competitive differentiator is the experience I provide to them in the form of that value. So the question is how am I leveraging technology to do that? So to the degree that what people mean when they say we're a tech company that does XYZ to the degree that when they say that they mean that they're using technology and support of delivering that value, then I'm all on board with that. My concern is that isn't what most of them think. Most of them drank the Silicon Valley Kool Aid and they think that to be cool to be valued, to be valued in the in on the market that they have to act like Google or they need to, you know, seem like they're Amazon and it misses the point because those companies exist to sell technology to them, right? That company, any company that isn't a tech company exists to sell, to deliver value in some other form to their customers. And so the best technology in that scenario is one that I stopped to even realize is a technology that it just becomes ubiquitous that it becomes. there's a term actually and I'm gonna blow it. What is it called? It's um immersive is that it's not right. I've lost it anyway. It's this ambient ambient technology and this idea that the technology becomes so fluid, so immersive that it's just part of the ambient nature around me in the experience. And ironically enough, Amazon is a classic case of this right there. They are new stores where they're fully automated, where you walk in, it knows who you are, you grab your stuff and you walk out. That's an example where I'm not interacting with the technology at all. It's the technology that is driving a transformed experience. And so what organizations should be looking at is how can I create value in the form of an experience to the customer that just blows away my competition and I unquestionably technology will underpin that it will be based on the ability to leverage technology. And so adopting some of the ethos of tech companies in terms of being fast to market minimum viable products, all those kind of things great as a way of doing that, but don't ever lose sight on what you're actually doing in business and that is to provide value to your customers. If you lose sight of that, it's lost. And so that's, that's why I kind of rail against this tech company fallacy because it takes their eye off the ball, it takes the eye off of what they really should be focused on.
David Brown
Charles. It's always a pleasure to talk to you. You're so easy to talk to, you have such great ideas and are so passionate about it. How can our listeners follow you on social media and your blogs?,
Charles Araujo
I'm pretty easy. Charles Araujo. A raujo.com is the website. I'm Charles Rajo on Twitter. I'm author Charles Rajo. On Facebook and Instagram and I'm Charles Araujo. I'm pretty sure on linkedin. I'm really easy. It's as long as you can spell my last name, you can find me. Thanks for your time today. Charles. Absolutely great being with you.
Kevin Montalbo
All right. That's a wrap for this episode of Coding over cocktails to our listeners. What did you think of this episode? Let us know in the comments section from the podcast platform you're listening to. Also, please visit our website at triple W dot Torocloud.com for a transcript of this episode as well as our blogs and our products. We're also on social media, Facebook, linkedin, youtube, Twitter and Instagram, talk to us there because we listen, just look for Toro Cloud on behalf of the team here at Toro Cloud. Thank you very much for listening to us today. This has been Kevin Montalbo for coding over cocktails. Cheers.