Industrial markets are reactive, manual in operational transformation approaches. Digital transformation is poised to help organisations pre-empt scenarios, become more predictive and adaptive. At the same time, the transformation journey is unclear, complex and lacks clear ROI benefits. On the benefits side, organisations could become negative latency enterprises, which means customers will predict issues that will happen and prevent them from happening in the first place.
Frost & Sullivan's Industrial team will host a live, complimentary GIL briefing, ‘The Paradigm of Digital Industries and Growth Opportunities - Creative Destruction and Expansion of Traditional Business Models’ on Wednesday, January 30, 2019, at 8am EST (1pm GMT).
The interactive briefing will be hosted by Ram Ramasamy, Industry Director, Automation and IIoT at Frost & Sullivan. The briefing will help to identify the best path forward through digital chaos and avoid common pitfalls that many in the industry have experienced.
“Ageing workforce and rising complexity in technologies is driving a widening consumption gap between data extraction and value-creation. This is driving customers to adopt smart digital offerings that will augment the available workforce and drive more from less,” said Ramasamy. “Further, as customers focus on core activities – we predict the emergence of industrial subscription economy. A case in point: Customers will shed ownership of assets and shift to asset subscribership.”