How do you define "Digital Transformation"?
Stan Schneider
CEO- Real-Time Innovations (RTI) & Vice Chair- IIC ✭
in Business
The IIC helps companies understand the depth and breadth of the IIoT. The industry rolls up all the changes as "digital transformation", including new products, new technology applied to old products, partnerships, XaaS (anything as a service) business models and more. How does your company define Digital Transformation?
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Yesterday, we had a good discussion on it at Industrial DX group.
Thomas Siebel, the father of CRM, defines DX as follows: "DX is not a series of generational changes in IT or simply the migration of processes and data onto digital platforms. It is a disruptive evolution into an entirely new way of working and thinking, a process could require a full transformation of corporate body parts for new ways of functioning,"
Business Transformation using Digital Technologies, focusing on business model innovation, customer experiences or operational excellence.
Here's a blog I wrote on DX with my opinion that this a new era in digital transformation that's been going on since we first installed digital computers into organizations to improve their business processes. This time its being driven by AI and IoT (connectivity). https://www.rti.com/blog/digital-transformation-revisited-the-promise-of-things-to-come-in-the-2020s
Following up after one week of work-at-home due to COVID-19 concerns here in the US, I'm finding that Digital Transformation is becoming just as much a cultural change as a means of transforming business. Is anyone else feeling similarly?
The COVID-19 crisis is bound to transform business and industry and make it more virtual than ever before. It will be interesting to see what aspects of industry it will transform.
Digital Transformation in Industry is about leveraging connected things to transform processes and operations and produce better outcomes.
Digital Transformation is the impact on business from significant changes in technology -- specifically related to technology that transformations how businesses operate. PwC has invested heavily in technology and digital upskilling initiatives to change how we work, as seen here. We have also identified 8 core technologies that matter the most for business, across every industry, over the next three to five years -- you can see those here.