The Industry 4.0 development trajectory posits digital transformation as an absolute essential. The conjecture that more than two-thirds of the Indian manufacturing sector would have digitally transformed by 2025 and enable India’s manufacturing sector to contribute 25% to India's GDP is an encouraging driver for firms to adopt digitization strategies. However, currently the dominant philosophy of man and machine since decades, poses huge structural and behavioural challenges to the digital transformation by the various stakeholders, be it business, customers, government and policy makers and other stakeholders. The book provides valuable insights on how to deal with the digitization practices adoption journey. Concepts like Data Science and Business Analytics, Cyber and Security Management, AI and its applications, and Robotics are perfect essentials for Industry 4.0, and these have been very well explained in the book.
A cookbook for digital transformation is of utmost importance in today’s world of disruptions. With the transformations at the manufacturing shop floor level, the end to end supply chains, finance and insurance industry and human capital management, a move to “digital” is no longer a matter of choice. The hands-on experiences shared in this book will certainly help in demystifying the “why do it”, the “why now” and then “how to do it”. It will help anticipate the hidden traps and help CIOs navigate the guard-rails with a lot of confidence. Personally, I am seeing a lot of organisations in Asia Pacific & Japan getting into Industry 4.0 and Sustainability related transformations and that has been the catalyst for creating an enterprise wide digital transformation roadmap covering all business functions. This book will certainly help in that endeavour.
A timely book on a topic that will save millions of person hours, tons of resources and chunks of capital. The book makes several practical suggestions and can be a practitioner's guide. A digital first approach requires at the next level an API first strategy for digital transformation using APIs. Established enterprises with legacy systems, monoliths, multiple ERP systems; or the new age enterprises/start ups both have to ensure selecting a good API lifecycle management platform to avoid the pitfalls of technical and code debt arising from unmanaged APIs.
Very well articulated guiding principles about the digital transformation process. The three foundational verticals, viz. Technology, Process, and People Transformations needs to work in tandem in any enterprise environment for successful implementation. The Customer and Contents (data) are becoming central for this business transformation.
I know the Handbook will be of great use to participants involved in digital transformation as well as the leadership teams responsible for strategy and investment. There are several large, even global financial organisations that have evolved their legacy enterprise platforms to add functionality and capability over time. However, these firms are often reluctant to replace their platforms entirely because of cost and implementation risks. Transforming the user experience, whether internal or external, in an increasingly competitive environment, has required firms to invest in technology and people and developing a digital layer that sits between their legacy platforms and users. Implementing this digital layer is often complex and not without risks. The Handbook is a timely publication, providing great insights and recommendations to organisations in their digital transformation journeys.
Every industry is going through rapid transformation expedited by the challenges that the last few years during the pandemic period have thrown up. The insurance industry in London has embarked on an ambitious 2-year journey to transform its operational processes from being paper based and highly manual to a digital and highly automated one. The main drivers of this digital transformation are to make the Lloyds and London marketplace better, faster and cheaper. Understanding what it takes to transform your company is critical so as to do it right the first time and not be left behind as the industry changes.
The Handbook on Digital Transformation in Enterprises by Poddar and Kumar will help every C-suite executive to understand this change better.
The book brings use cases of AI and its applications & most of us interact with AI on a daily basis on some or other form with Artificial Intelligence applications are already touching nearly every aspect of business. AI has got a big boost from government initiatives, and is also employing it to control traffic flow, improve digital exchange systems, and better criminal investigations. AI is breaking through barriers in a variety of sectors affecting issues like Inventory tracking and management, improved customer experience, improved recruitment procedures.