Wistron’s Chairman brings up 3 aspects for digital transformation in response to international upheaval and pandemic
After the riot of Wistron India, Wistron’s Chairman Simon Lin made his first appearance at TibaMe’s annual forum on digitalization on January 14. Lin made remarks on Wistron’s continuous efforts for digital transformation through three aspects: technology, organization, and talent.
The forum, themed “Digital Transformation and Digital Competitiveness”, was held by Wistron’s subsidiary brand TibaMe, a company focusing on digital education.
High tech company requires faster change
When asked about what structural changes Wistron had made, Lin replied that the company had undergone significant changes in its company structure and management system back in 2005.
He added that, for a company belonging to the high-tech industry, it would be a miracle to survive without changing a set of model used for 7 or 8 years.
“Wistron is known as a technology company, but has not been an expert in utilizing technology. This requires experience,” he admitted.
Lin believes that digital transformation is very crucial, and has consulted many professionals and consequently has introduced a few methods to Wistron. Despite upheaval has emerged rapidly in the international situation especially in the past six years, Wistron holds the confidence and ability to adapt, said Lin.
Technology, organization, talent are indispensable
For the “technology” aspect, Lin indicated that all required technologies for digital transformation already exist, such as artificial intelligence (AI), algorithms, data analytics etc. It all depends on whether a company wants to use it.
Regarding the “organization” aspect, he took Wistron as an example. People with more responsibilities are more likely to feel the pressure to change. In order to effectively respond to various kinds of changes, organizations need to make fast adjustments and promote an overall digital transformation through a dedicated unit.
Lin further pointed out that the third aspect is “talent”. Talent is a key element that, if missing, would hinder any successful changes made in “technology” and “organization” transformation. Simply put: companies have no choice but to change, or else, will be left behind. Sufficient talents are required accordingly, Lin highlighted.
Many past experiences show that digital transformation can increase productivity or create added value, thus reducing many mistakes and repetitive tasks, meanwhile accelerating the speed of output. This is a direct result of digital transformation, according to Lin.