The term “digital transformation” has become a buzzword lacking clear meaning. This ARC Advisory Group Insight offers clarification for industrial organizations in an asset performance management (APM) context. We’ve segmented digital transformation into three categories and pro-vided case examples of each to provide strategic guidance as to where organizations can focus their programs. These will also help provide clarity for communications and avoid obfuscation. The three categories are:
Business process re-engineering for operations
New services for existing products
New business aligned with current domain expertise
Adding Clarity to Digital Transformation
A Google search on the term “digital transformation” (with the quotes) gets 12 million hits. The definitions found contain grandiose terms that lack a useful interpretation for industrial enterprises. Wikipedia, which usually has very instructive encyclopedic definitions, also has this difficulty, and ends with a vague statement about “going paperless.” As the Industrial Internet of Things (IIoT) and digital transformation evolved, the term obtained broad meaning and use.
If you would like to buy this report or obtain information about how to become a client, please Contact Us
Keywords: Digital Transformation, Business Process Re-engineering, Services, ARC Advisory Group.