For many of us, innovation means giving ideas surprisingly, leading to notable discoveries & achievements. Although, it’s not limited here. Innovation isn’t merely represented by new devices, methods, or ideas, but also by the process of exposing new ways to do things. It can also concern transformation of business models & adaptation to changes to achieve better products & services.
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Innovation can also help organizations to overcome obstacles and challenges that may arise during the digital transformation process. For example, it can help organizations to address issues such as resistance to change, lack of technological expertise, and cultural barriers to adoption.
Digital transformation strategy is a detailed plan for how your business will solve these key hurdles and challenges. Companies of all sizes are seeing desirable business outcomes from digital transformation efforts, such as service & product improvement and innovation, operational efficiency, and increased swiftness across the value chain.
Digital Transformation is the implementation of digital technologies to assets, processes & products to improve efficiency, amplify customer value, manage risk & discover new monetization opportunities.
With the reproduction of Internet-enabled devices, cyber culture is flourishing more rapidly than cyber security. Everything that depends on cyberspace is possibly at risk.
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.