Digital Transformation: the Elephant in the Python
Lately I've been thinking a lot about the latest fad in business thinking - digital transformation. As technologies become more pervasive, and our ability to gather and process a lot of information increases, it makes sense to think about how digital solutions may change the way we work, either by replacing monotonous tasks, automating entire business processes, anticipating future trends and hundreds of other ways. As more companies place more sensors in their products, the products will start reporting on their mean time to failure and maintenance needs. Companies will gather data from those sensors and provide feedback on optimal usage, maintenance and repair or replacement needs. The Internet of Things (IoT) will mean that many, many devices are connected to the internet and providing a constant stream of data that can be analyzed, so that we can learn more about any factor of our supply chain, distribution chain and consumer consumption of products and services....