Today’s world exhibits a fast-developing case of hyper-digitization.
Advanced mathematical analysis, powered by intensive computing systems,
provides unprecedented opportunity to unleash the value of interconnected data.
Electronic tags on packages, pallets and transport vehicles can relay critical information
about the location and quality of items ranging from pharmaceuticals to food.
Sensors in electrical grids and water systems, intelligent buildings and
congested roadways can optimize the use of scarce resources. Predictions based
on information relayed from security cameras, satellites and soil can improve
public health and safety.
From individuals to businesses to industries, The forces of mobility, social media and hyper-digitization ripple
from the individual through entire industries, as connected customers and
employees move past traditional boundaries. Whether they buy from them or work
for them, people are letting businesses know just what they want and need.
A music lesson: media and entertainment, the music industry was one of the first to feel the brunt of the
digital revolution. With the standardized mp3 format for digitized music and
the availability of broadband connections for Internet distribution, the
reality of industry disruption became apparent to all. Traditional music
companies are expected to lose more
Transforming the business, What do businesses need to do to get ahead of the widespread forces
for change in our digital age? Key areas include reconfiguring the customer
value proposition (what is being offered)
and reshaping the operating model (how it is delivered). Up to now,
most organizations have focused on one of these areas through a set of specific
initiatives. Each has its own set of challenges and opportunities:
......By Faith Gabriella.
