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Re: Role of Distributed Ledgers in Supply Chain Management
Supply chain management is the art and science that goes into improving the way your company finds the raw components. Blunt Soft PPC Management
Re: Is trustworthiness just an IIC effort?
No, trustworthiness around cyberspace IT systems was originally introduced by the "Committee on Information Systems Trustworthiness" in 1999, resulting in the book "Trust in Cyberspace", see free download at https://www.nap.edu/initiative/committee-on-information-systems-trustworthiness. in 2016, NIST had an two-day event, titled "Exploring the Dimensions of Trustworthiness: Challenges and Opportunities", see summary and recorded sessions at https://www.nist.gov/news-events/events/2016/08/exploring-dimensions-trustworthiness-challenges-and-opportunities, including a keynote by Vint Cerf (https://en.wikipedia.org/wiki/Vint_Cerf).
Re: How will the Coronavirus pandemic impact the Digital Transformation in Industry?
A new US study analyzed the impact of public interventions during the 1918 flu: https://papers.ssrn.com/sol3/Papers.cfm?abstract_id=3561560. It shows that the 1918 flu pandemic brought a recession but after that cities which had early non-pharmaceutical interventions (NPI as lock-down, closing schools etc.) had a faster economic growing after the recession than cities which waited longer, resulting in higher death rates. Summary: "Our findings thus indicate that NPIs not only lower mortality; they may also mitigate the adverse economic consequences of a pandemic.". See also the comment https://www.weforum.org/agenda/2020/04/pandemic-economy-lessons-1918-flu/ of the World Economic Forum about this study.
I believe that we will have a similar re-bounce in the next 12 to 18 months but that we also will also have a transformation in the type of business: Internet-orientated technology in general will grow more while traditional non-internet-orientated technology will re-bounce less. For example we will have more online sales meetings and less physical sales meetings with a negative impact to the transportation and hospitality industry, including face-to-face conferences and exhibitions. In a similar way, IIoT-based technology to reduce at-site maintenance and control will grow faster than traditional industrial technology. I believe that also more companies and organization will prepare for the next pandemic, preventing a similar shock experience they have now with COVID-19.
How will the Coronavirus pandemic impact the Digital Transformation in Industry?
The pandemic is compelling organizations to take the digital plunge, from flying drones detecting fevers and coughing, to organizations using AR to visualize risks, cities becoming smarter to map pandemic related data, AI-enabled applications to optimize patient influx across multiple medical facilities, etc.
Please share your thoughts about how the current pandemic will compel organizations to innovate and digitally transform their business and operations.
PS: Here is another discussion on this forum about how Edge devices can shape future work environment in the post pandemic era... https://community.iiconsortium.org/discussion/81/how-edge-devices-can-shape-future-work-environment-in-the-post-pandemic-era#latest
Re: How will the Coronavirus pandemic impact the Digital Transformation in Industry?
COVID-19 will likely forces the largest disruption in business since second world war: It is not the slow transition due microelectronics as we had in the last 40 years, it will be a quick shock and government wherever in the world can only help a limited time. Similar as COVID-19 affects people, companies and industries which were already weak before will now quickly disappear to be replaced by companies and industries which are newer or more flexible in adaptation. Overall this is a good thing, because innovation will lead this adaption. One winner is already clearly visible: The Internet. I wonder sometimes how our ancestors worked and communicated during Spanish Flu which took likely much longer than COVID-19 and was much higher mortal. And finally with higher future productivity and more agile businesses and industries we will in some years also a better world. Which is then hopefully better prepared for the next virus.
BTW: I read an interview with a assistant general manager of the local Seattle Metro bus system (https://www.seattletimes.com/seattle-news/transportation/more-than-500m-headed-to-puget-sound-transit-agencies-in-federal-coronavirus-aid/) saying “We anticipate the recovery period will not just be a one-year event, but will take a few years.”; the article mentioned: "It’s not yet clear, for example, whether ridership will ever fully rebound or if telecommuting will take hold for some companies." Likely, many people and employers will see how efficient homework can be, so even after COVID-19 is completely gone, much more telecommuting will stay - and less used cars, Uber/Lyft and public transportation.
Re: How will the Coronavirus pandemic impact the Digital Transformation in Industry?
Agree and we will see:
- more "formal" or purposeful Network Orchestrators (for profit companies) similar to what as we see today
- many many "informal" or ad hoc Orchestrations. Perhaps mutually beneficial eco-systems is a better way to think of them. Where groups and organizations collaborate in mutually supportive ecosystems. Ex. Hospitals public and private will create mechanisms for sharing resources (people, equipment, facilities etc.) in times when rapid responses to surge situations are needed
- existing collaboration tools will be refined with new capabilities to facilitate the work of orchestration, (see group #2 above) and we will see new build from the ground up network orchestration tools and technologies built and offered to the marketing place and yes - these tools will be first and foremost data driven
Re: How will the Coronavirus pandemic impact the Digital Transformation in Industry?
Yes, it's still on the discussion level and it would be voluntary. So participants would need to opt-in. The other discussion is the usage of smartphone app utilizing bluetooth to log other devices in the vicinity. There is a big discussion if it would really work and if it would help to trace back potentíal infections.
Re: How will the Coronavirus pandemic impact the Digital Transformation in Industry?
Data, data, data.
Any organization involved in a supply chain, or demand aggregation (e.g. coordinating the delivery of supplies to house-bound individuals in neighborhoods) or to manage supply-side capacity (e.g. making home-delivery slots available to the elderly or to critical care workers) is realizing the value of data. It is also important to make data machine readable and easy to discover (e.g. metadata and quality descriptors).
There's also an appreciation of the value of sharing with partner organizations to improve decision making. How can this be done with appropriate policy controls?
The pandemic is also demonstrating that digital transformation can happen quickly, within and across organizational boundaries.
Re: How will the Coronavirus pandemic impact the Digital Transformation in Industry?
Here is my unordered list:
- Logistics: Overloaded physical delivery too. Puts a strain on JIT
- Shorter supply chains: Globalization to be limited; search for new suppliers
- Darker factories: Less reliance on people, at least in the short term. Need to use machines
- Greater IT/OT convergence (of a sort) as Shop floor and Office floor become Home floor
- Transportation: More automation. Perhaps less air travel as videoconferencing (after god knows how many years) becomes accepted—because it is the reality. And more drones using that air space. Greeater push (and opportunity) to push manually operated cars of the road. Changes the whole concept of smart city
- Health care: Connected devices (need reference to UMass Hospital). More remote devices (https://www.nytimes.com/2020/03/18/health/coronavirus-fever-thermometers.html:
- Retail: Faster push to link ERP with logistics even for small business. Order online, pick it up, ripples through the supply chain
- Government: Doesn't work. Ask the cat lady to log on and find a service? On her own, excepting 25 cats? Can’t deliver
- Business models: will we see time-of-day pricing for the network as we do in SIN for cars?