Today’s world exhibits a fast-developing case of hyper-digitization. Advanced mathematical analysis, powered by intensive computing systems, provides unprecedented opportunity to unleash the value of interconnected data. Electronic tags on packages, pallets and transport vehicles can relay critical information about the location and quality of items ranging from pharmaceuticals to food. Sensors in electrical grids and water systems, intelligent buildings and congested roadways can optimize the use of scarce resources. Predictions based on information relayed from security cameras, satellites and soil can improve public health and safety.
From individuals to businesses to industries, The forces of mobility, social media and hyper-digitization ripple from the individual through entire industries, as connected customers and employees move past traditional boundaries. Whether they buy from them or work for them, people are letting businesses know just what they want and need.
A music lesson: media and entertainment, the music industry was one of the first to feel the brunt of the digital revolution. With the standardized mp3 format for digitized music and the availability of broadband connections for Internet distribution, the reality of industry disruption became apparent to all. Traditional music companies are expected to lose more
Transforming the business, What do businesses need to do to get ahead of the widespread forces for change in our digital age? Key areas include reconfiguring the customer value proposition (what is being offered) and reshaping the operating model (how it is delivered). Up to now, most organizations have focused on one of these areas through a set of specific initiatives. Each has its own set of challenges and opportunities.
Mkessa Patricia
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