VIDEO | Stanley Black & Decker Sr. Director: Organizations Need Both Offensive and Defensive Strategies

(US and Canada) Phanii Pydimarri, Stanley Black & Decker Senior Director, AI & Analytics Products, speaks with Savio Rodrigues, Trianz VP of Client Partnership USA and CDO Magazine Editorial Board Member, in a video interview about realizing business outcomes, data analytics as a product, and striking a balance between offensive and defensive strategies.

Sharing his views on why organizations struggle to proceed beyond the proof of concept,  Pydimarri highlights two reasons: 

1. A faster-to-market expectation from organizational or business stakeholders.

2. Organizational immaturity in terms of data analytics organizations.

He recommends IT teams invest their time and resources in building the MLOps models or architecture to establish a standard framework to get from one stage to another. Pydimarri also mentions introducing a product mindset in data analytics. 

Pydimarri explains that the mindset change significantly improves features or version releases. He maintains that data analytics products will not act exactly like software products, but the framework will improve movement from one stage to the next.

Sharing his approach to changing organizational mindsets to drive digital transformation, Pydimarri mentions both operational-focused or defensive and growth-focused or offensive strategies. He stresses that every organization needs both to survive.

According to Pydimarri, the defensive strategy has two approaches: 

1. Identifying existing opportunities and using current business models to maximize returns.

2. Completely retreating from the existing markets, minimizing investments, or eventually selling the part of the business.

Similarly, the offensive side has two approaches: 

1. Capturing the entire market, outcompeting arrivals, and being aggressive.

2. Complete disruption; being the innovator and building new products to disrupt the market.

In conclusion, Pydimarri says that the mindset must change from getting excited about emerging technologies to looking at the value factor.

CDO Magazine appreciates Phanii Pydimarri for sharing his insights and data success stories with our global community.

See more from Phanii Pydimarri

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