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Formula 4.0 for Digital Transformation

Formula 4.0 for Digital Transformation
Author: Venkatesh Upadrista
Publisher: CRC Press
Total Pages: 348
Release: 2021-05-26
Genre: Business & Economics
ISBN: 1000388794

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A staggering 70% of digital transformations have failed as per McKinsey. The key reason why enterprises are failing in their digital transformation journey is because there is no standard framework existing in the industry that enterprises can use to transform themselves to digital. There are several books that speak about technologies such as Cloud, Artificial Intelligence and Data Analytics in silos, but none of these provides a holistic view on how enterprises can embark on a digital transformation journey and be successful using a combination of these technologies. FORMULA 4.0 is a methodology that provides clear guidance for enterprises aspiring to transform their traditional operating model to digital. Enterprises can use this framework as a readymade guide and plan their digital transformation journey. This book is intended for all chief executives, software managers, and leaders who intend to successfully lead this digital transformation journey. An enterprise can achieve success in digital transformation only of it can create an IT Platform that will enable them to adopt any new technology seamlessly into existing IT estate; deliver new products and services to the market in shorter durations; make business decisions with IT as an enabler and utilize automation in all its major business and IT processes. Achieving these goals is what defines a digital enterprise -- Formula 4.0 is a methodology for enterprises to achieve these goals and become digital. Essentially, there is no existing framework in the market that provides a step-by-step guide to enterprises on how to embark on their successful digital transformation journey. This book enables such transformations. Overall, the Formula 4.0 is an enterprise digital transformation framework that enables organizations to become truly digital.


From Industry 4.0 to Business Model 4.0

From Industry 4.0 to Business Model 4.0
Author: Reinhard Ematinger
Publisher: Springer Nature
Total Pages: 47
Release: 2021-05-25
Genre: Business & Economics
ISBN: 3658324007

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In this essential you will learn how to use the changed rules of the game of Industry 4.0 and discover patterns for new business models. Reinhard Ematinger shows you how to describe your current business model in a structured way, sketch and test new business models and define the benefits for existing and new customers. Real and current examples accompany you through this book and questions support you in the transfer to application in your organization. This Springer essential is a translation of the original German 1st edition essentials, Von der Industrie 4.0 zum Geschäftsmodell 4.0 by Reinhard Ematinger, published by Springer Fachmedien Wiesbaden GmbH, part of Springer Nature in 2018.The translation was done with the help of artificial intelligence (machine translation by the service DeepL.com). A subsequent human revision was done primarily in terms of content, so that the book will read stylistically differently from a conventional translation. Springer Nature works continuously to further the development of tools for the production of books and on the related technologies to support the authors.


Digital Transformation in Industry

Digital Transformation in Industry
Author: Vikas Kumar
Publisher: Springer Nature
Total Pages: 290
Release: 2021-07-26
Genre: Business & Economics
ISBN: 3030732614

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This book offers a selection of the best papers presented at the international scientific conference "Digital Transformation in Industry: Trends, Management, Strategies", held by the Institute of Economics of the Ural Branch of the Russian Academy of Sciences, Russia in November 2020. The main focus of the book is to evaluate trends and perspectives of digital transformation in industry and industrial markets through the dissemination of Industry 4.0. The aim of the topics discussed is to create an idea of introduction mechanisms for digitization processes and to specify successful strategies of digital transformation in all sectors of industrial enterprises. The experience of developed and developing economies, as well as small and large enterprises implementing IT and other technological innovations are included. Students as well as managers of industrial organizations alike can benefit from the results of the topics covered.


Innovative and Agile Contracting for Digital Transformation and Industry 4.0

Innovative and Agile Contracting for Digital Transformation and Industry 4.0
Author: Shalan, Mohammad Ali
Publisher: IGI Global
Total Pages: 415
Release: 2020-12-18
Genre: Business & Economics
ISBN: 1799845028

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Digital transformation is reshaping the business arena as new, successful digital business models are increasing agility and presenting better ways to handle business than the traditional alternatives. Industry 4.0 affects everything in our daily lives and is blurring the line between the physical, the biological, and the digital. This created an environment where technology and humans are so closely integrated that it is impacting every activity within the organizations. Specifically, contracting processes and procedures are challenged to align with the new business dynamics as traditional contracts are no longer fitting today's agile and continuously changing environments. Businesses are required to facilitate faster, more secure, soft, and real-time transactions while protecting stakeholders’ rights and obligations. This includes agile contracts which are dynamically handling scope changes, smart contracts that can automate rule-based functions, friction-less contracts that can facilitate different activities, and opportunity contracts that looks toward the future. Innovative and Agile Contracting for Digital Transformation and Industry 4.0 analyzes the consequences, benefits, and possible scenarios of contract transformation under the pressure of new technologies and business dynamics in modern times. The chapters cover the problems, issues, complications, strategies, governance, and risks related to the development and enforcement of digital transformation contracting practices. While highlighting topics in the area of digital transformation and contracting such as artificial intelligence, digital business, emerging technologies, and blockchain, this book is ideally intended for business, engineering, and technology practitioners and policy makers, along with practitioners, stakeholders, researchers, academicians, and students interested in understanding the scope, complexity, and importance of innovative contracts and agile contracting.


Digital Transformation and Industry 4.0

Digital Transformation and Industry 4.0
Author: Dr. Evren Ersoy
Publisher: Dr. Evren Ersoy
Total Pages: 185
Release:
Genre: Business & Economics
ISBN:

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ABSTRACT There are two major technological revolutions in the history of humanity that have been experienced chronologically and continue until today. These are the society 5.0 and industry 4.0 revolutions. The aim is to carry out professional and academic studies that will enable the invention of related technologies in order to increase the welfare level of humanity and reach the targeted level of welfare within the scope of technology and human values. Therefore, the future of societies will be designed with qualified human resources and innovation paradigm, which are two important factors that will enable humanity to be prosperous and sustainable societies. This study covers the transformation of individuals, societies, businesses and especially government authorities for the society 5.0 and industry 4.0 revolutions that will deeply affect all societies globally. It is explained how qualified human resources will change the future with the effect of new technologies and new jobs in the synthesis of technology and people. In addition, there are propositions about how it will affect the development of societies with science, technology, innovation and R&D studies for the intellectual accumulation of qualified people, and most importantly entrepreneurship ecosystem. There are studies on how societies develop the production economy with the innovation-development model, that classical societies are transformed into learning and rational societies, individuals' learning and development responsibilities change and expectations from them are at a higher level, especially technology and science take place in all areas of business and social life. It has been researched which new talents and skills people should have for new jobs within the scope of child and women entrepreneurs, digital natives, and the future of generation x and y. The innovation paradigm is at the heart of these ability and skill researches in the synthesis of technology and people. It has been determined how to use technology and science power for innovation, local and global effects of innovation, and which mission humanity should lead for the future. In addition, Research has been conducted on the most important agendas of today, including innovative development issues with digitalization and digital transformation technologies, transformation of societies, smart cities, digital countries, the future of societies, digital natives and world citizenship, Turkey's digital transformation roadmap proposition, industry 4.0 technology ecosystem and technology development zones in the digital age. Keywords: technology and human, innovation, digital transformation, industry 4.0, society 5.0, future jobs and technology


A Digital Framework for Industry 4.0

A Digital Framework for Industry 4.0
Author: Ana Landeta Echeberria
Publisher: Palgrave Macmillan
Total Pages: 152
Release: 2020-12-30
Genre: Business & Economics
ISBN: 9783030600488

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This book examines the impact of industry 4.0, and constructs a strategic digital transformation operational framework to prepare for it. It begins by examining the background of industry 4.0, exploring the industrial internet, new business models and disruptive technologies, as well as the challenges that this revolution brings for industries and manager. The research enhances our understanding of strategic digital transformation framework within industry 4.0. It will be valuable reading for academics working in the field of industry 4.0 and strategy, as well as practitioners interested in enhancing their firms’ readiness for industry 4.0.


The Human Side of Digital Business Transformation

The Human Side of Digital Business Transformation
Author: Kamales Lardi
Publisher: John Wiley & Sons
Total Pages: 332
Release: 2022-10-10
Genre: Business & Economics
ISBN: 1119871018

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Master the essential human component of digital transformation In The Human Side of Digital Business Transformation, veteran emerging technology expert Kamales Lardi delivers an essential and practical exploration of the real-world implementation of digital transformation. The book teaches readers how to drive digital business transformation success by addressing a key element – the people side of transformation. This includes managing internal stakeholders, such as leadership teams and employees, as well as external stakeholders, such as customer, partners and supplier. The author provides a proven digital business transformation framework that facilitates the successful execution of new digital solutions. She also discusses: Digital maturity and transformation readiness assessments complete with supplementary, online tools Best practices and key learnings that drive the human side of transformation Real-world case studies and examples from renowned business leaders that offer success factors A can't-miss resource for leadership teams, management, and board members, as well as change managers and leaders in organizations, The Human Side of Digital Business Transformation will also be invaluable for students in business and executive education programs, consultants, and other business leaders interested in digital transformation.


Enterprise Digital Transformation

Enterprise Digital Transformation
Author: Peter Augustine
Publisher: CRC Press
Total Pages: 447
Release: 2022-02-17
Genre: Computers
ISBN: 1000540537

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Digital transformation (DT) has become a buzzword. Every industry segment across the globe is consciously jumping toward digital innovation and disruption to get ahead of their competitors. In other words, every aspect of running a business is being digitally empowered to reap all the benefits of the digital paradigm. All kinds of digitally enabled businesses across the globe are intrinsically capable of achieving bigger and better things for their constituents. Their consumers, clients, and customers will realize immense benefits with real digital transformation initiatives and implementations. The much-awaited business transformation can be easily and elegantly accomplished with a workable and winnable digital transformation strategy, plan, and execution. There are several enablers and accelerators for realizing the much-discussed digital transformation. There are a lot of digitization and digitalization technologies available to streamline and speed up the process of the required transformation. Industrial Internet of Things (IIoT) technologies in close association with decisive advancements in the artificial intelligence (AI) space can bring forth the desired transitions. The other prominent and dominant technologies toward forming digital organizations include cloud IT, edge/fog computing, real-time data analytics platforms, blockchain technology, digital twin paradigm, virtual and augmented reality (VR/AR) techniques, enterprise mobility, and 5G communication. These technological innovations are intrinsically competent and versatile enough to fulfill the varying requirements for establishing and sustaining digital enterprises. Enterprise Digital Transformation: Technology, Tools, and Use Cases features chapters on the evolving aspects of digital transformation and intelligence. It covers the unique competencies of digitally transformed enterprises, IIoT use cases, and applications. It explains promising technological solutions widely associated with digital innovation and disruption. The book focuses on setting up and sustaining smart factories that are fulfilling the Industry 4.0 vision that is realized through the IIoT and allied technologies.


Digital Transformation of Industry

Digital Transformation of Industry
Author: John Stark
Publisher: Springer Nature
Total Pages: 170
Release: 2020-02-17
Genre: Technology & Engineering
ISBN: 3030410013

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This graduate textbook is focused on digital transformation. It answers key questions regarding: which technologies can be used to transform an organisation, which activities within an organisation can be transformed, and what the aim of digital transformation should be. The content is divided into three main parts, the first of which offers an introduction to the topic, highlights fundamental examples of digital transformation, defines the terminology, and enables readers to quickly understand the main components of digital transformation. The second part of the book addresses examples of digital transformation from several industries, including: government; finance; health; manufacturing; and education. The third and final section of the book describes the activities and processes within a typical digital transformation programme. The pedagogical approach to the process makes the book beneficial to both students who have never been involved in such a programme and practitioners who plan to implement digital transformation in their organisation.