While on its way towards the autonomous horizon, modern organizations are still in a peer-based sharing/collaborative world. As we "speak", machines are being outfitted with sensors, self-monitoring tools, and communication capabilities galore as the transition towards autonomy begins to take shape. With digital transformation sweeping across manufacturing and maintenance worksites, adoption of technology is more present than ever. Based on a recent report, the global digital transformation market is expected to reach approximately $431.71 billion by 2021 (GlobeNewsWire, 2017).
Digital transformation is being driven by a number of factors making strategies for maneuvering far more necessary than ever before. Market drivers are based on top trends to help organizations in market growth and development. There are 3 main categories of market drivers for a sustainable digital economy: Societal, Economic, and Technology.
- Societal drivers - Conditions which impact an organization's change processes; Relate to the structures and institutions shaping preferences, behavior and the possibilities in the capacity to influence change
- Economic drivers - Reveals the performance and growth of business; Measurable and calculable; Can be compared to a standard (ie budget or historical figures) or an industry average; Are within a company's control
- Technology drivers - Rapid and advanced; Achieve transformation by looking inward and adopting a modern, lean and efficient operating model
Four Trends in Transformation
Four trends are making major impacts in the digital transformation of current peer-to-peer/collaborative systems to more autonomous ones:
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Innovapptive is the 2018 Innovation Partner for Mastering SAP – EAM in Gold Coast, Australia, November 18-22. You will have the opportunity to meet with a few of Innovapptive's Executive Leadership Team - Sri Karthik, Kalyan Vankayalapati, & Richard Sandall, who will be on hand to show you the our Mobile Workforce Management Solutions. Be sure to check out the Richard and Jemena's breakout sessions on Monday.