Today we’re talking to Setrag Khoshafian, the author of the book, How to Alleviate Digital Transformation Debt: Post-COVID-19. And we discuss why pursuit of technology must always be goal-focused. What the decentralized Web 3.0 world will look like, and why Setrag believes every organization should be flattening its hierarchy. 

All of this, right here, right now, on the Modern CTO Podcast!

Check out Setrag’s book, How To Alleviate Digital Transformation Debt: Post-COVID-19, now!

About Setrag Khoshafian:

I have been a senior executive in the software industry where I innovated, architected, and led the development of several software products, services, and solutions.

Currently I am Principal and Chief Scientist at Khosh Consulting https://www.khoshconsulting.com/ . We are passionate about innovation and entrepreneurship both for startups and incumbent enterprises – especially through best practices with Low Code/No Code, Process Mining, Blockchain, IoT, AI, and Process Automation.

I delve deep into leading technologies, especially Low Code/No Code – hands-on. Extensive expertise in other leading technologies and methodologies such as Process Mining, Business Process Automation, Blockchain, AI, and IoT.

Previously I was the Chief Evangelist & VP of BPM at Pegasystems Inc., the Senior VP of Technology at Savvion, and Chief Scientist & VP of Development at Portfolio Technologies.

I am a pioneer and recognized expert in Intelligent Databases and Intelligent Business Process Management.

My expertise in iBPM spans BPM, Process Mining, RPA, Low Code/No Code, and Process Automation methodologies – Design Thinking, Lean Six Sigma, and Agile as well as pioneer work in BPM Centers of Excellence.

More recently I have been focusing on best practices for the cultural shifts, innovations, and digital transformations through Low Code/No Code, Process Mining, Blockchain, IoT, AI, and Process Automation.

About How To Alleviate Digital Transformation Debt: Post-COVID-19:

2020 – the year of the COVID-19 pandemic – changed everything.

Its ripple effects will be felt for many years to come.

At the same time there have been incredible advances in digitization. We are amid a digital revolution with unprecedented innovations. The pandemic has accelerated the requirements for “Digital Transformation.” Organizations need to adopt and transform to survive and hopefully thrive.

At the core of digitization there is very much an underlying principle of “debt.” It comes originally from what Is called “technical debt.” Simply, technical debt “reflects the implied cost of additional rework caused by choosing an easy solution now instead of using a better approach that would take longer.” Difficult transformative choices need to be made now – especially post-COVID-19. If an organization ignores digital transformation for “easy solutions”, the “debt” accumulates and can have disastrous consequences.

The pandemic has accelerated the accumulation of digital transformation debt!

It has also provided an opportunity to thrive in the post-COVID-19 era.

What does Digital Transformation mean? What are the opportunities? What are the core digital technologies? What are the best practices? What are practical recommendations to alleviate the Digital Transformation Debt!?

This book addresses Digital Transformation Debt holistically and makes recommendations on how to alleviate the debt.

Joel Beasley

Joel began writing code at age 13 selling his first technology by age 18 for one million dollars. In his first three transactions, he developed key relationships and began working with Investors and Chief Technology Officers collaborating and building products in Real Estate, Law, Finance, and Fitness.

Today, Joel is a Chief Technologist volgging the process of building a company LeaderBits.io. Joel is an author of the book Modern CTO a #1 New Release on Amazon and a #1 Technology Podcast with 70k active listeners. Joel has a clear vision and passion for modern technology, placing him as one of the most exciting Chief Technology Officers to watch out for.

Joel is the President of BeasleyFoundation.org a charity that designs STEM related children’s books Back to the Moon and Princess Physicist. These books are then donated to orphanages, homeless pregnant woman and in-need children. Beasley Foundation was formed in February 2017 after Joel, Mitch and Valerie lost their Mother to Leukemia after being diagnosed 6 weeks earlier. Joel and his siblings wanted to do something unique with her life insurance money and the Beasley Foundation was formed.

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