Speech and face recognition, embedded technologies, IIoT, robotics, autonomous driving
Digital transformation is a change process, set in motion by digital technologies,
which effects an entire society.
Digital transformation refers to an ongoing process of change triggered by digital technologies and affecting companies, individuals and communities, science and politics. Companies, in particular, can benefit from this change by realigning their business models. This is then referred to as digital business transformation. Digitalization is made possible by technologies, so-called enablers. These include infrastructures (e.g. cloud computing, block chain, mobile internet and end devices), applications (e.g. mobile apps) and the resulting business potential:
The combination of these and other technologies creates a variety of new digital business models and digital value-creating networks. The decisive factor for the selection and use of digital technologies for further or new development of a business model is what benefits will be created for users through the change.
Accenture Studie “Digital Factory: Cracking the code to success” (2016):
75% of the obstacles that confront companies in digital transformation are not of a technical nature.
Three Building Blocks and Three Dimensions of Digital Transformation
The Framework for Digital Transformation in objectiF RPM. Learn All About It Here.
How does IoT influence business models?
THING + IT = FEATURE + DIGITAL SERVICE
The Internet of Things is slowly dissolving the separation between the physical and the digital world. Here the connection between these two worlds is no longer only created by humans, but also by things. This results in hybrid objects, suchas sneakers that measure calorie usage and speed. In addition to their local functions (for example, protecting the feet), objects have digital services (collecting data) that can be used beyond the local situation and often at a low cost. This connection between a physical object and the internet generates value in the form of digital services. Such products are sometimes called Digitally Charged Products. Suppliers of physical goods are being increasingly challenged to develop complete services from their product range.
From a business perspective, smart objects are particularly interesting for digitally capturing additional information about the condition of objects and processes. The precise measurability of business activities enables so-called High Resolution Management. Management tasks such as planning, leadership and controlling are supported by automated data acquisition. As a result, the questions from the business model can be answered even more precisely.