Forecasting Holy Grail

by   |    |   5 minutes  |  in Business Technology, Digital Transformation, Manufacturing, Process Manufacturing, Transform Your Business

Accurate forecasts are the panacea for food manufacturers, Is artificial intelligence getting us close to a solution, are we near to finding the forecasting Holy Grail? I was at a director’s dinner recently, discussing the use of AI in today’s food manufacturing companies, when I suggested that artificial intelligence would provide the ultimate solution to…

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next-generation ai

by   |    |   4 minutes  |  in Business Technology, Digital Transformation, Service Management, Transform Your Business

We’ve reached an important inflection when it comes to adoption of emerging tech for Digital Transformation. Use cases for Artificial Intelligence (AI) are beginning to make their way into a variety of software solutions, augmenting automation and helping to improve service outcomes. The thing about all of those technologies is that, as of now, they’re…

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AI: a Cornerstone of your Digital Transformation

by   |    |   5 minutes  |  in Business Agility, Business Technology, Digital Transformation, Service Management, Transform Your Business

When business leaders think about Artificial intelligence (AI), they usually do so in one of two ways. Either they think of it as science fiction, or they see it as a customer-facing gimmick. The reality, though, is that Artificial Intelligence is already beginning to integrate itself into tools used for Digital Transformation in a variety…

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What Factor should be guiding your digital transformation

by   |    |   3 minutes  |  in Business Agility, Business Technology, Creativity & Innovation, Digital Transformation, Service Management, Transform Your Business

It’s easy for an organization to decide to digitally transform their enterprise. They’ve bought into the buzzwords, read the research, consulted the analysts, and seen the figures about the potential cost savings and revenue growth. It all lines up in the abstract, but the question is—how do you actually define what digital transformation means to…

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Don't Overlook Cultural Implications of Digital Transformation

by   |    |   5 minutes  |  in Business Agility, Business Technology, Digital Transformation, Service Management, Transform Your Business

One of the most common mistakes that plagues organizations attempting to chart a path to true digital transformation is the oversight of cultural implications. While some operational changes and even technology investments can be fairly cut and dry, the quest for digital excellence is far more intricate. To reap the real rewards of your digital…

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Oil Rig Digital Twin

by   |    |   3 minutes  |  in Asset Intensive, Business Technology, Digital Transformation, Oil & Gas, Transform Your Business

According to a recent report from EY analysing the Norwegian Oilfield Services in 2018, all oil and gas sectors will experience growth in 2019. This following a fall of nearly 2 percent in exploration and production drilling in 2018 – which EY also expect to grow by 10 percent in 2019. Industry growth and innovation…

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Bubble

by   |    |   5 minutes  |  in Digital Transformation, Strategy

Blockchain and cryptocurrencies represent two halves of a maturing digital asset class.   While Blockchain projects continue to grow in volume, velocity and value, cryptocurrency markets have shed 90% of their market capitalization during 2018. What does this mean for a company’s digital asset strategy? Blockchain and cryptocurrencies in 2018: a tale of further divergence Blockchain…

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by   |    |   5 minutes  |  in Creativity & Innovation, Digital Transformation

Selecting and implementing any enterprise technology is not a rapid process. And the internet of things (IoT), as an enterprise technology, has to contend with some strong headwinds. An August 2018 study from the management consulting firm Bain & Company reveals that would-be IoT adopters “believe that vendors have made little progress on lowering the…

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by   |    |   2 minutes  |  in Creativity & Innovation, Digital Transformation, Manufacturing

I can’t help but feel inspired after a day of inspirational presentations and conversations with manufacturing companies, including ABB, Atlas Copco, and BillerudKorsnäs who were all amongst the speakers at the Industri 4.0 event, covering digitalization, AI and IoT. I want to share with you my key take-aways from the event. As Björn Jonsson from…

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by   |    |   5 minutes  |  in Creativity & Innovation, Digital Transformation

“AI” is one of the most overused technology buzzwords of the last 2-3 years.  But the term is not going anywhere, so I’d like to make a plea on behalf of the weary: when talking about AI, don’t stop the conversation at ‘shiny new technology’.  Instead, continue to shift the AI conversation: why consider investing…

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