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

Chapter 4: Business Drivers for Industrial Digital Transformation

In the previous chapter, we learned what kind of digital technologies are needed to help drive transformation and why they're needed, alongside the cultural and business-level changes required. We looked at several emerging technologies that are being used to solve problems that were previously harder to solve. We described some concepts, such as digital twins and digital threads, which have become more feasible due to the easy availability of emerging technologies and are often harmonized through digital platforms. Finally, we looked at some examples of these in use in business and consumer settings.

This chapter will go into the importance of the business process and business model changes to accelerate industrial digital transformation. We will see that often, business process optimization can drive productivity and cost savings, which allows the organization to experiment with business model innovations...