Digital Disruption

What is Digital Disruption

DIGITAL DISRUPTION is questioning traditional models and new technologies are transforming several industries such as healthcare, logistics, and healthcare. Whether it is big data, cloud and IoT connected platform technologies, give customers seamless experience, ease of access, pricing models, and near real time integrated service.

All these technologies offer businesses and large enterprises to cope with digital disruption the key to a variety of new business models, each of which could unlock significant value-generation opportunities.

Here are some of the key questions companies need to work through:

  • What technologies should be used and typical use cases?
  • What existing investments should be considered strategic?

There is no straight answer that applies in such scenario. However, one thing is clear that in the internet era technologies can mature and evolve rapidly, so it’s worthwhile to ponder whether you are delivering the right capabilities to deliver right results.

Here is how industrial digital transformation shaping

Logistics

As the digital disruption continues to innovate different industries, the supply chain and logistics industry does not remain untouched. Digitizing operational processes with logistics software solutions helps remain competitive. But logistics companies also need to understand the value and businesses opportunities that emerging technologies bring about.

  • Blockchain allows extremely secure data distribution to improve shipment visibility and provides much needed reliability into the sale and movement of international cargo.
  • Augmented reality will revolutionize Warehouse and Logistics IT Solutions, handling costs won’t be competitive and lead to margin decrease.
  • The future years are banking on self-driving cars, with industry giants such as Google, pioneering product development. What makes such driverless cars concept a reality is the harmonious blend of technology like sensors, speed control, GPS, and pre-programmable routing with Automotive. Experts are hopeful that this could help cities optimize their Transportation Management Systems and provide for a safer, more efficient driving environment.

As an example, in Australia, the 1,000-store retail chain Just Group was able to simplify and expedite its stocktake process with the aid of a world-first, Bluetooth-enabled technology system. This allowed the company to sweep off its twice-yearly stocktake faster by reducing the overall time that it needed to keep the stores closed. This new process was called RapidStocktake, which won Logistics & Materials Handling magazine’s 2011 Information Management Award.

Healthcare

Healthcare is one of the fastest growing industries and going by volatile nature of change, transformation in this sector is taking place as the industry takes a leap forward to the trillion dollar segment. While the transformation is considered to be driven by fundamental shift in expectations of all patrons, it is important to redefine their value as a measure of health and well-being.

While it is crucial for organizations to build the characteristics for a more coordinated and robust healthcare system, it becomes highly crucial to deliver cost-effective and a robust digital solution. Healthcare industry has the possibilities to be a Game Changer in the social-economic development across nations worldwide.

Mobile solutions for the healthcare sector is emerging as a natural extension of the new generation of healthcare systems and medical facilities worldwide. From building secure messaging mobile app solution to integrating IT platforms that connects members of the patient care team – this can play a crucial role in driving the healthcare industry.

Internet has transformed the way healthcare industry functions, as patients and healthcare providers are now more accessible to each other courtesy websites. Patients can now seek every information from hospital infrastructure to treatment options including medical experts, which earlier was a real challenge for the sector struggling with accessibility.

Mobility brings in limitless opportunities for businesses willing to create a competitive edge for themselves in the healthcare sector. However, this calls to compliance with certain characteristics that providers should bear in mind.

Automobile Industry

Technology is poised to play a crucial role for the automotive industry, as more and more companies are harnessing the power of sophisticated technology to address the competitive pressure and to meet customer expectations on quality and cost. Technology has also empowered the industry to cater to consumer demands like improved navigation courtesy GPS, and features that enhance entertainment including satellite radio and in-car access to digital music.

Automotive manufacturers are no longer delivering robust products, but are currently catering to nuanced customer needs by implementing automotive connectivity.

Vehicle drivers have always wished for parking spots to be reserved in advance, automatic toll collections (sans toll gates) and shorter travel times with reduced congestion. The inclusion of connectivity and M2M (Machine to Machine) solutions are making automotive more aware and responsive to changing contexts – allowing the car to connect with its driver.

Travel safety is a major concern for the industry cutting across geographical barriers. There have been a growing demand for the use of voice-based, hands-free devices pickups that could reduce the rate of distracted-driver-related accidents. 

A recent European Union regulation makes it mandatory for all cars to have an in-built emergency call facility 

A recent EU regulation makes it mandatory for all cars to have an in-built emergency call facility (in the form of M2M call facilities) that automatically sends distress notifications to response teams – cutting emergency response times by half and potentially reduce road fatalities.

Insurance providers can also benefit from in-car connectivity by tracking a driver’s usage patterns. The monitoring of driving habits, safety protocols and car conditions can then help determine premium charges on a case-by-case basis.
Automotive eventually could operate as personal computers, with many manufacturers enabling Google voice based applications within cars. With manufacturers developing their own proprietary networks – such solutions could effectively turn out to be key market differentiators for many industry players.

Finally

Digital disruption is the new way ahead. It is all about taking a new leap ahead with emerging technologies. Ask yourself this: Is your enterprise ready for the change? The confederacy of digital age tools with real-life processes brings forth informal and formal ways for individuals to learn about each other’s capabilities and backgrounds.

There exists a wide array of processes from random dialogues to directed collaboration like crowdsourcing in order to earn input from staff, customers or others, which is a highly streamlined activity. There also arises strategic solutions, like new products, or in the rapid mobilisation of an expert group in the face of a crisis.

Acquiring an extended range of views helps the organisations lower the risk and identify multiple opportunities. A business that is governed by reliable information plans for the future on how each of the dataset might or will affect its decisions. They do not wait and see the data then deciding how to react.