The role of digital transformation as an enabler for growth is one of the strongest forces in virtually any industry or business today. The potential for innovation and new revenue streams from digital technology is practically limitless.
Seize new opportunities
New digital realities mean new ways of doing business. Just consider the progress achieved over the last few decades, with revolutionary innovation in every industry. Some of the worlds’ leading enterprises did not exist 20 years ago, and some have altered their business model beyond recognition. By embracing proactive digital transformation, you have a unique opportunity to fulfill the potential for growth for your business.
From physical products to digital services
One of the most important aspects of digitalization is the ability to generate new revenue streams when the value of physical products reaches a plateau of maturity. For example, consider the additional value created by adding advanced sensor technology and data analytics to wind turbine blades. These upgrades can enable the turbine operator to optimize energy production, monitor the structural integrity and schedule predictive maintenance, thereby greatly enhancing the value of the blade itself.
Data and AI will change everything
When considering all the new technologies available today, it can be hard to distinguish hype and fascination from true potential. Yet, we are already seeing evidence from thousands of use cases across dozens of industries that the value these technologies can create is very real. Like the invention of steam power and electricity, advances like AI, Cloud and data science will be able to revolutionize literally every industry – only knowledge, determination and imagination set the limits.
Let IT enable your sustainable growth
Growth is meaningless if it is achieved at the expense of our shared resources. Environmentalism, sustainability and social responsibility are imperative factors to consider when setting the course for the future of your business. Fortunately, IT and digital tools are able to enable sustainable growth in countless ways, from reducing energy consumption by optimizing production to facilitating circular economy.