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Showing posts from June, 2021

Digital Transformation in Energy and Utilities Industry with Energy 4.0

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The past couple of decades have seen several industries increasingly adopting digital transformation solutions to leverage the potential of the latest digital transformation technologies. Although late to join the party, the utility and energy sector is now on the road to revolution. It is not enough for the utility and energy industry to simply make changes in their existing systems or review their current business models. It is crucial for the industry to completely reinvent itself and find ways to transform the way it conducts its business fundamentally. Traditionall y , the utility industry has been slow to adapt to the latest digital transformation technologies, unlike other healthcare or manufacturing industries. In order to be future-proof, the utility and energy industry should try to use specific technologies that can build sustainable infrastructure, meet changing customer needs, protect against competition and swaying market trends. According to IDC Utilities 2019 prediction...

4 Ways Augmented Reality Is Revolutionizing Field Service Management

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As a business owner, your job doesn’t end with closing a deal or completing a sale. In the truest business sense, it begins with Augmented Reality field service. The remaining is turning your customers into loyal fans and making them your brand evangelists.  To keep your cash registers ringing, you shouldn’t just work on acquiring new customers but sustain the existing ones and keep them coming back to you for more business.  This is where after-sales customer service becomes crucial. After your customers purchase a product or service from your business. They either become happy doing business with you or regret it. Honestly, you have control over this situation and you could very well make your customers incline towards the former emotion.  So far, ensuring customer satisfaction after sales was one of the primary responsibilities of field management experts. They would personally visit customers, give them handouts or manuals, give them a rundown of their features and op...

5 Insights Every CEO Should Know On Digital Business Transformation

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Digital business transformation is the buzzword going around the board meetings of several companies out there these days. It’s what the top brass of organizations are all talking about.  Whenever we talk about digital transformation strategy, we immediately associate the roles & responsibilities associated with implementing it with high-level executives. On the other hand, CEOs and CXOs are seen as the visionaries who think through digital transformation success factors and implement them seamlessly.  Well, honestly, most C-level executives don’t have a solid digital transformation strategy in hand or an understanding of what digital transformation solutions should they be implementing for their businesses. A lot of them face hiccups when it comes to implementing strategies that are contextual and relevant for their business and that’s exactly why this post is inevitable.  Realizing the fact that digital transformation solutions aren’t easy to implement, incorporate ...

How Digital Transformation Drives Automotive Industry Forward in 2021

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Advancing technology brings disruptive changes across various industry sectors, and the automotive industry is one of the biggest beneficiaries of it. Thanks to digital innovation, the sector can embrace the trends like IoT, wireless solutions, increased connectivity, and environmental regulations. These days, digital transformation in the automotive industry becomes prevalent by covering various aspects of the value chain ranging from design to manufacturing and distribution to functionality. Experts are of the opinion that connectivity, AI, and data analytics will attract more investment in the   automotive iot solutions   in the future. When it comes to digital transformation strategy, here are some of the aspects we need to consider.  What should be included in digital transformation strategy in the automotive sector? E-commerce has a deep route in the automotive sector, and it acts as a bridge between dealers and customers. However, still customers prefer the traditi...

Five Futuristic Augmented Reality Trends that Set to Rule in 2021

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Augmented Reality App (AR) has been one of the most underrated technologies yet. Introduced in the year 1998  in one of NASA’s spacecraft navigation projects. The technology has been around for over two decades. However, over the last couple of years, AR has been having its revival of sorts with several industries. Companies looking to creatively make good use of the technology for promotional purposes and optimize their operations.  Today, it’s used in entertainment, in the automotive industry, healthcare, fintech and more. From being valued at around   $3.5bn in the year 2017 , the AR market is expected to reach a market value of $120bn by 2025. Augmented reality app are ruling the market today by offering customers immersive experiences and infotainment solutions. Experts share that the number of augmented reality apps downloads will increase to 15bn in the next one year.  With so much demand, we are sure you’re looking for ways to incorporate AR in your organizat...

Top 10 Digital Transformation Trends in Modern Enterprises

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Digital transformation is no longer a luxury. It’s not an ancillary vision for companies as well. It is mainstream now. From being one of the last entities in company goals to becoming inevitable for business growth today, the demand for digital transformation solutions has multiplied manifold. Companies and businesses around the world are gradually understanding how obsolete technology and operating procedures were holding them back from growing & realizing how a solid   digital transformation strategy   & Digitization Trends could lead them to profitable avenues.  This realization across the globe has resulted in the concept of digital transformation becoming immensely popular as well. In   the year 2018 , the digital transformation solutions market was valued at around $290bn. Whereas, by 2023, it is estimated that it will be valued at around $665bn.  Not just that. Close to 40% of the   respondents to a survey   revealed that they were able...

How Manufacturing Sector Benefits from Predictive Maintenance

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Machine downtime not only reduces productivity in your manufacturing plant but also affects the ROI. Any unplanned downtime can bring setbacks like increased repair cost, delay in production, and reduced value in the manufacturing industry. It also impacts OEE (Overall Equipment Effectiveness) negatively. Thankfully, predictive maintenance & digital transformation solutions lend a helping hand.  The manufacturing industry can improve OEE, reduce maintenance costs, and decrease delays in production with the help of the predictive maintenance concept. This concept plays a vital role in digital process management. Let’s understand how predictive maintenance increases a machine’s ROI over the period. But before that, we will go through the way this concept works in the manufacturing sector. Predictive Maintenance – Introduction and the Way It Works in Manufacturing Sector Predictive Maintenance is a technique useful for detecting anomalies in various operations and possible defects...