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 model

Can companies survive today by playing it safe? Disrupting yourself before the competition or the next start-up forces you to do that. Whitney Johnson, author of Disrupt Yourself, published by HBR Press, says the following:

"When you disrupt yourself, you are deciding to focus on who you can become, not on who you are."

In the current competitive world, disruption is often the language of growth. Business leaders are looking for opportunities to create new value streams and transact in new markets. They resort to disruptive innovation as a means to accelerate that. For instance, Google monetizes their search engine based on what people are searching for. Using better algorithms to do that would be an example of incremental enhancements. However, with their Nest acquisition, Google has access to physical conditions in the residences of those using the connected thermostat or other devices from the Nest ecosystem. Having access to both the internet search...