Book Image

Industrial Digital Transformation

By : Shyam Varan Nath, Ann Dunkin, Mahesh Chowdhary, Nital Patel
Book Image

Industrial Digital Transformation

By: Shyam Varan Nath, Ann Dunkin, Mahesh Chowdhary, Nital Patel

Overview of this book

Digital transformation requires the ability to identify opportunities across industries and apply the right technologies and tools to achieve results. This book is divided into two parts with the first covering what digital transformation is and why it is important. The second part focuses on how digital transformation works. After an introduction to digital transformation, you will explore the transformation journey in logical steps and understand how to build business cases and create productivity benefit statements. Next, you’ll delve into advanced topics relating to overcoming various challenges. Later, the book will take you through case studies in both private and public sector organizations. You’ll explore private sector organizations such as industrial and hi-tech manufacturing in detail and get to grips with public sector organizations by learning how transformation can be achieved on a global scale and how the resident experience can be improved. In addition to this, you will understand the role of artificial intelligence, machine learning and deep learning in digital transformation. Finally, you’ll discover how to create a playbook that can ensure success in digital transformation. By the end of this book, you’ll be well-versed with industrial digital transformation and be able to apply your skills in the real world.
Table of Contents (15 chapters)
Section 1: The "Why" of Digital Transformation
Section 2: The "How" of Digital Transformation

Indicators of failure

Failed transformations can take many forms. They can include individual projects that do not achieve the expected business value or those that never reach completion and must be restarted. Failed transformations can have more dire results, causing a company to lose its competitive advantage with an entire product line, or even an entire company to file for bankruptcy. Failed transformation efforts, and the collapse of whole companies due to these failures, can provide us with valuable lessons. Let's look at the leading indicators of Industrial Digital Transformation (IDT) failures in the following sections.

Lack of an industrial digital transformation strategy

Did the organization develop a strategy for transformation, or it is still a collection of proof of concepts? Let's list some of the reasons that a conversation about IDT might begin in a company:

  • To check the box in an annual report or a PR event that the company had an active digital...