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

Business process

In this section, we will learn about the role of improving business processes or functional processes in the context of digital transformation. Improving the business process is often a formal management activity where functional experts lead the redesign to reduce friction and drive effectiveness or efficiency. This exercise often involves identifying the areas to improve and prioritizing the change based on the expected outcome in the form of productivity gains. These productivity gains are often internal to the company.

While undertaking business process improvements, a company may look at the following:

  • Inventory of current business processes: Assess the state of the current business processes to stack-rank those that work well and those that are candidates for transformation.
  • Simplification of workflows: Mature businesses may evolve into complex workflows and simplifying those may reduce costs.
  • Standardization: Trying to reinvent the wheel...