As we wrote in our blog, Enable Your Digital Value Chain, the future of business in the digital information age is now. So it’s time to think about how we can introduce a digital business platform.
Innovate for the future
By 2020, there will be as many as 50 billion devices connected to the Internet. Research also shows that there is over $14.4 trillion at stake from a combination of increased revenues and lower costs for organizations that harness the Internet of Things.
- Customers/consumer-driven demand across value chains: All of this growth in connected devices leads to an unprecedented amount of data being generated every minute. Increasing customer/consumer-generated data offers new insights into behavior, and businesses must harness this information to drive meaningful insight.
- Asset optimization and utilization: Data on and optimization of real-time asset usage, transparency, and utilization will will lead to increased revenues. Vital integration between assets and business processes will set the stage for the next level of value delivery across supply chain and logistics.
- Emerging business models based on usage and metering: New business models seek to ask less of value chain stakeholders and deliver more based on sophisticated usage models, meter data, and data science. The modern digital business platform serves as the only holistic foundation to enable businesses to innovate for the future and address these complexities. This is enabled via a platform that monitors, analyzes, and automates digital business in real time while continuously generating data-driven intelligence from all connected things, core business processes, and lines of business.
Fundamentally, you need to enable all assets, structured and unstructured data, and business processes across the digital value chain to be connected through a common digital business platform.This will enable the organization to explore new business models never before imagined.
Stay tuned for a series on use cases that show the value of this unique approach.
Looking forward to your feedback and stay tuned for more. Meanwhile, follow me via @SDenecken.
Want more on how connectivity is altering today’s business environment? See Networks that drive net worth.