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Industrial Digital Transformation

You're reading from  Industrial Digital Transformation

Product type Book
Published in Nov 2020
Publisher Packt
ISBN-13 9781800207677
Pages 426 pages
Edition 1st Edition
Languages
Authors (4):
Shyam Varan Nath Shyam Varan Nath
Profile icon Shyam Varan Nath
Ann Dunkin Ann Dunkin
Profile icon Ann Dunkin
Mahesh Chowdhary Mahesh Chowdhary
Profile icon Mahesh Chowdhary
Nital Patel Nital Patel
Profile icon Nital Patel
View More author details
Toc

Table of Contents (15) Chapters close

Preface 1. Section 1: The "Why" of Digital Transformation
2. Chapter 1: Introducing Digital Transformation 3. Chapter 2: Transforming the Culture in an Organization 4. Chapter 3: Emerging Technologies to Accelerate Digital Transformation 5. Chapter 4: Business Drivers for Industrial Digital Transformation 6. Section 2: The "How" of Digital Transformation
7. Chapter 5: Transforming One Industry at a Time 8. Chapter 6: Transforming the Public Sector 9. Chapter 7: The Transformation Ecosystem 10. Chapter 8: Artificial Intelligence in Digital Transformation 11. Chapter 9: Pitfalls to Avoid in the Digital Transformation Journey 12. Chapter 10: Measuring the Value of Transformation 13. Chapter 11: The Blueprint for Success 14. Other Books You May Enjoy

Overcoming the challenges

In Chapter 3, Accelerating Digital Transformation with Emerging Technologies, we discussed the rise of digital technologies and the digital platform. Along with the business model changes, we can lay the foundation for industrial digital transformation. Let's see how to overcome the challenges by putting together the digital technologies, cultural and organizational changes, business process changes, and business model transformations.

Business model change by Tesla

Customers are more inclined to buy products and services that generate value for them. The automobile industry has worked on very similar principles for about a century now. They create a replacement market by offering a newer model with a few additional features, every few years, for their loyal customer base. As a result, the value of a used car drops drastically within the first 3 years. Industry estimates suggest 42% depreciation after 3 years for an average car in the US. Using...

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