By Stuart Carlaw – When looking at optimizing the digital transformation process in industrial and manufacturing verticals, the task is complex, fraught with risk and subject to increasing pressures in abundance. ABI Research has outlined a number of best practices that fall within a two-step process that will help in “de-risking” the transformation process.
Probably the most profound challenges for anyone looking to implement a technology-driven transformation process is clearly understanding where you are currently in terms of solution maturity and what the end vision should be. Once you know where you are, then you can realistically look to where to target for advancement.
The Industry 4.0 Maturity Model by ABI Research has been designed to provide companies with a quick snapshot of their maturity level and should be viewed as a tool to help align corporations objectively about not only where they stand in the spectrum of industrial development but also where their vision should be aligned regarding future projects.
Once an organization has a good perspective of where it sits on the maturity scale, the job of avoiding common mistakes becomes a far easier prospect. The chances of chasing unrealistic technology goals and making poor decisions based on stock price rather than operational viability become far less when leadership is honest and aligned around a clear understanding of state zero represented in today’s modus operandi.
However, any company is not out of the woods until it galvanizes around a few golden rules when it pivots towards making meaningful changes to your future fortunes. >more>
Posted in Business, Economy, Education, How to, Net, Science, Technology
Tagged Broadband, Business improvement, Digital transformation, Internet, Manufacturing, Productivity, Technology
By Derek Thompson – Before getting to the future, let’s start with the present of television. Pay TV—that is, the bundle of channels one can buy from Comcast or DirecTV—is in a ratings free fall among all viewers born since the Nixon administration.
This has created a business crisis for entertainment companies like Disney. Old Disney’s television strategy was: Focus on making great content and then sell it to distribution companies, like Comcast and DirecTV. This worked brilliantly when practically the entire country subscribed to the same television product.
Thanks to virtuous cycle of bundling, separating content and distribution used to be the obvious play for Disney
But New Disney is looking for a fresh play. Now that young households are cutting the cord, it wants to own both content and distribution.
There aren’t many great examples of legacy media empires successfully transitioning to the digital age without a few disasters along the way, or at least a long period of readjustment. Just look at American newspapers, or the music labels at the beginning of the 2000s. more> https://goo.gl/jfcC64
Posted in Broadband, Business, Economy, History, Media, Net, Technology
Tagged Broadband, Digital transformation, Entertainment, Internet, Pay television, Technology
Smart Trains And Beyond: GE’s Jamie Miller To Talk Digital Disruption At Tech Confab
By Bruce Watson – Deutsche Bahn Cargo trains crisscross Europe daily carrying everything from coal and steel to cars and cabinets. If a train gets stuck or needs to be taken offline, it can cause problems for the entire system. Now GE digital technology is making the trains smarter and reducing downtime. By tapping sensors embedded on 250 of DB Cargo’s trains, GE will be able to collect several terabytes of data to help keep the trains running efficiently.
Digital transformations like this are the focus of Fortune’s Brainstorm Tech summer retreat this week in Aspen, Colorado. The idea behind Brainstorm is deceptively simple: Gather 600 of the world’s top business leaders, tech entrepreneurs and investors to discuss the tech trends that are poised to transform the world. It’s an opportunity to feed innovation, discuss future trends and — in general — find a way to make disruption a little less disrupting.
Digital disruption isn’t only hitting the tech world. We’re seeing it in industry as well. In manufacturing, for example, digital innovations can lead to a difference of billions of dollars in productivity. more> https://goo.gl/DoqxoN
Posted in Broadband, Business, Economic development, Economy, Education, How to, Leadership, Net, Science, Technology, Transportation
Tagged Brainstorm, Digital transformation, GE, Sensors, Software
By Henning Meyer – The digital revolution, used here as shorthand for broader technological change, is one of today’s most hotly debated topics in politics, economics and business.
We are undoubtedly faced with large-scale disruptions in many areas that require adjustments.
To analyse exposure to the digital revolution and potential policy solutions you need to start breaking it down into manageable dimensions. Three areas in particular warrant special attention: What are the forces shaping the application of new technologies? What does the digital revolution mean for the future of work? And what kind of policies could help to address these issues?
There is a general lack of structured analysis of the ways in which technological progress translates into real life. This is an important shortcoming as it leads to a distorted view of real-time developments. Here we try to structure this process and identify five filters that in effect moderate technology’s impact.
First, an ethical filter. This filter restricts research itself as it sets a permission framework for what can be done.
Second, a social filter. Social resistance against technological change is not new and it is likely to be more intense in areas where there is a perceived threat to people’s jobs.
Third, a corporate governance filter.
Fourth, a legal filter also moderates what is possible and what is applied in the real world.
Last but not least a productivity filter. This filter means in principle that the application of new technology does not have a dramatic effect on productivity because either the productivity bottleneck lies elsewhere or diminishing marginal returns mean that there is little real improvement in products or services. more> https://goo.gl/nZdclG
Posted in Broadband, Communication industry, Economic development, Economy, Education, Net, Science, Technology
Tagged Bottlenecks, Capital, Digital transformation, Productivity, Public policy, Technology adoption
By Barry Libert and Megan Beck – Most digital transformations fail, and there are many explanations why.
Many firms today have realized that digital transformation is essential to their success. Strong technology, both internal and external, is as important as any other good business practice. Further, the market has shown how much more it values digital firms.
Despite awareness of the importance of digital technology and business models, we continue to see that most leaders don’t know how to lead a digital transformation. Many work to enable others in their organizations, but this often results disjointed, independent, tactical initiatives, which are costly and go nowhere, creating bad blood inside and outside the organization.
To be successful, digital platforms need to be unified across the organization, spanning every division, product, service and supplier. Doing this takes real leadership and board support.
Even with the right leadership, many firms will fail at digital transformation. Forrester’s Nigel Fenwick asserts that by 2020 all companies will be either digital predator or digital prey. However, getting the CEO and board aligned, involved, and willing to reallocate capital is the essential first step to success. more> https://goo.gl/b5xAiY
Posted in Broadband, Business, Communication industry, Education, Leadership, Net
Tagged Broadband, Business improvement, Digital transformation, Internet, Leadership, Organization, Productivity, Super regions
By Kathryn Willson – All cities share common problems, but each has a unique physical location, climate, culture, economic base, and political system.
If you’re going to adopt a model or a solution that works someplace else, be sure to think about what you need to do to make sure it works in your unique situation.
It’s best to prioritize interoperability from the start as you build a framework to evaluate technical solutions.
You can build solution-by-solution over a long time if you have confidence that your investments today will not limit your choices for future investments. more> http://goo.gl/rHgpFA
Posted in Broadband, Business, Economic development, Economy, Education, Leadership, Net
Tagged Broadband, Business improvement, Digital transformation, Internet, Leadership