IoT
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Digital Transformation, Not Digital Duplication

by
FutureIoT
June 13, 2023
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Summary

Digital transformation and digitization are often confused for the same thing. Learn how each term relates and differs, and how digital transformation is a lifelong pursuit.

Digital transformation is all the rage. Using information and communications technology (ICT) to transform business processes is now a global phenomenon spanning industries and geographic regions.

Organisations have set up their digitalisation departments and created positions such as the Chief Digital Transformation Officer. For guidance, many rely on consulting firms, which happily charge high hourly rates to develop “strategic digitalisation frameworks.”

Many companies start their digital transformation by buying software: Laboratory Information Management (LIMs) systems for R&D, for example, or manufacturing execution systems for factories, plus various types of customer service software.

But what does all this software do? Captures data from business practices, sure. Makes it all permanent, accessible, and sharable – yes.

But will it fundamentally change business practices? Will it, as the consultants like to say, add value to the final product or service?

Read more here.

FutureIoT
FutureIoT

The race to harness the power of Internet of Things (IoT) is here. At stake is a US$724.2 Billion opportunity by 2023 dwarfing previous generations of innovations and finally allow the world to truly benefit from the promise of connectivity. FutureIoT is dedicated to individuals, as well as public and private organizations looking to tap the potential of IoT to transform the way we live, work and do business. FutureIoT is the dedicated media that provides the single source of truth about IoT, the technology, its application and regulation, originating from Asia.

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