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- 1. DIGITALIZATION Creating value at the new frontiers of the business world, creating value in the processes that execute a vision of customer experiences, and building foundational capabilities that support the entire structure. To meet these high customer expectations, companies must accelerate the digitization of their business processes. But they should go beyond simply automating an existing process.
- 3. WHY SO IMPORTANT Source: McKinesy
- 6. MATURITY
- 7. ADVANTAGE •Cost Reduction •Reduction in Cycle time •Decision making becomes simpler • Automatically collect data that can be mined to better understand process performance, cost drivers, and causes of risk.
- 8. THANK YOU Source: Mckinsey Reports Opportunities and challenges of the industrial internet - PwC
Editor's Notes
- For incumbent companies, the stakes continue to rise. From 1965 to 2012, the “topple rate,” at which they lose their leadership positions, increased by almost 40 percent1as digital technology ramped up competition, disrupted industries, and forced businesses to clarify their strategies, develop new capabilities, and transform their cultures. Yet the opportunity is also plain. McKinsey research shows that companies have lofty ambitions: they expect digital initiatives to deliver annual growth and cost efficiencies of 5 to 10 percent or more in the next three to five years.