A business model is a structure for how a company will generate value. Finally, it refines the potential of a business down to its essence
Author: Manish
Moreover, Business Transformation is a broad term that isn’t only limited to the transformation of business. The phrase means making essential changes in the way, in which any business or organization operates.
The ability to adapt to change is critical for businesses wanting to make sure of a competitive advantage. Thus, Business Transformation strategies aim to align the Process, People & Technology initiatives of a company more closely with its business strategy & vision.
Accountability approach answerable behavior. It means ownership which is completely needed at each organisational level. Performance accountability also features how performance is handled to ensure precision & entirety.
Artificial Intelligence is a field of computing where intelligent machines uplift human cognitive abilities & experiences
Blockchain is a shared, unchangeable ledger that eases the process of maintaining transactions & stalking assets in a business network
The Internet of Things, or IoT, refers to the billions of physical devices (with an on/off switch) that are now connected to the internet, all collecting & sharing data.
Industry 4.0 introduces a new era known as Industrial Revolution 4.0. It combines advanced production techniques, operational strategies, and smart digital technologies to create a digital venture.The characteristics of this venture include autonomy, interconnectedness, and the capacity to analyze, communicate, and utilize data for intelligent actions in the physical realm. It involves integrating smart, connected technology into organizations, assets, and individuals, and is marked by the emergence of novel capabilities.
Digital twins are virtual representations of physical systems, processes, or products. They provide organizations with the ability to simulate, analyze, and optimize their operations. While digital twins offer several advantages, such as increased productivity, improved operational efficiency, and cost reduction, they also present certain challenges that organizations need to address in order to fully capitalize on their potential.
For decades, businesses have utilized technology to decrease cost & complexity, build better products, and develop new business models. Digital platforms provide huge value, help us to connect, cooperate & widen our minds – elevating awareness about main issues, leading people together for a mutual motive. Let’s find out how Leadership in Digital World works