OEM Solutions
AudreyCox

Digitization Will Drive the Next Industrial Revolution

Digital technologies have started impacting corporate performance across industries, and organizations have now begun to notice the disruptive and productive impacts of digitization on their operations. The Digitization of Everything means a lot more than the digital replacement of existing analog products and the introduction of new digitally-based ones. Disruptive forces are creating the new digital enterprise. New business models are needed to meet the demands of the mobile consumer. Robotics automation is changing the ways CFOs and CMOs do business. Plus, consumers expect immediate access to customized and relevant information and a seamless customer experience in their preferred channel.

 

Digital Culture Facts

  • The digital economy is upending the processes and rearranging markets. This global digital economy accounted for 22 percent of the world’s economy in 2015. And it’s rapidly growing, as we forecast those numbers to increase to 25 percent by 2020, up from 15 percent in 2005, Accenture reports.
  • One-third of the top 20 companies in key industries will be disrupted by new competitors in the next five years, as IDC predicts.
  • In India, the information technology (IT) industry has had a phenomenal run. The industry went past the $100 billion mark in 2012 and is expected to treble to more than $300 billion by 2020, according to Nasscom
  • Big Data is here to stay and available to every enterprise. Those that embrace it have the upper hand, including small businesses – but it’s what you do with it that counts. The International Data Corporation (IDC) forecasts a 44-fold increase in data volumes between 2009 and 2020. Additionally, by 2020, IDC believes that line‐of‐business buyers will drive analytics beyond its historical sweet spot of relational (performance management) to the double‐digit growth rates of real‐time intelligence and exploration/discovery of the unstructured worlds.

 

HPE becomes relevant in digitization by showing how data can be used to address the line of business challenges. These days IT spend is quickly moving out of central IT because cloud infrastructure and platforms as services (PaaS) mean that line of business IT can "roll out their own" applications, which in turn can be leveraged to create new products, improve customer service, and create better core operations. HPE aims to help business IT and central IT understand how they can both be relevant in a digital world.

There is extensive evidence to show that digitization brings manufacturers many benefits including operational savings, increases in quality and improved flexibility.

Firstly, digitization lets enterprises deliver products and services swiftly and securely, with an exciting and innovative user experience. An around- the-clock agility, real-time fulfillment, global consistency, and zero errors gives an edge to brands and let them exceed increasing customer expectations.

Secondly, we have the creation of new product and service offerings. Digital transformation inherently leads organizations towards both technical and business innovation.

Finally, there is an element of operational efficiency. Being digital introduces enterprises to enhanced interactions amongst customers, suppliers, stakeholders, and employees. Digital workflows always tend to be faster, smoother, more secure and cost effective. They also lead to better decisions, products, and operations management.

 

Impacts of Digitization

Digitization is driving greater innovation and help improves service levels as well as outcomes. One thing is clear; digitization breaks up traditional business models and requires companies, large or small, to rethink their strategy in a world where it’s all about speed, agility, flexibility, and innovation, where most of the products are software-defined and competitors are only a few lines of code away. The difficulty of digital transformation is putting technology, people, and process elements together in a well-planned, outcome-oriented way. Too many transformation efforts are stalled or fail because they either have poorly defined outcomes or become giant projects with a unachievable scope.

Hewlett Packard Enterprise (HPE) is uniquely positioned to automate and re-imagine paper processes and transform them into digital processes. Across manufacturing, energy, rail, and aerospace industries, companies are boosting productivity, cutting costs, improving safety, and reducing risk with IIoT and analytics that are driving business outcomes and revolutionizing how humans and machines work together. The advent of digital technology, especially in industry, is driving huge changes. The ability to digitize everything provides information that can dramatically increase productivity across industries.

 HPE is committed to enabling companies as they transform to a digital enterprise through four key “Transformation Areas”: transform to hybrid infrastructure, protect your digital enterprise, enable workplace productivity, and empower the data-driven organization.  In fact, at HPE Discover 2017 Las Vegas, CEO Meg Whitman painted a clear vision for enabling digital transformation with HPE solutions, products, and partners as the catalyst.

Organizations today need an efficient way to capture, organize, and store enterprise content—one that provides easy access to that content to improve business results and enhance the customer experience. To do this, you need to digitize your paper-based content and transform into a digital enterprise. That’s why organizations must transform from paper-based to digital processes and capture, organize, and store digital content to automate and streamline processes.

 

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AudreyCox