“Digitalization” is not just fashionable word in IT anymore. It is a growth opportunity for companies that want to keep their market share. Rapid development of technologies increased competition: now companies can work with large data sets, structure business and effectively manage processes in any industry, including oil and gas recovery, the chemical industry, and the manufacture of construction materials.
The market leaders implement new technologies on a continuous basis and make real breakthroughs. A spectacular example is Amazon, which transformed from small online bookstore into a multibillion–dollar corporation thanks to bold strategy and fixation on new technologies. The companies that piggybacked off this trend before others woke up to it, quickly increased their market share. To compete with them without analytics and forecasting tools is a bit like being in a car chase on a bicycle. That is why we are seeing a general revision of traditional business models: a mass movement towards innovative development or, as they say, digitalization, began. It is clear that this is a bed of thorns: around 70% of projects in the digitalization sphere do not produce the desired effect. And the issue doesn’t lie in the implementers’ lack of experience. So, what is it then?
The answer to this and many other questions about digital transformation will be revealed by the authors in the latest issue of the Standard journal featuring the CEO of ITPS Leonid Tikhomirov, ITPS development director Rustam Kamalov and ITPS director of digital production Alexey Mezentsev.
Manufacturing practice and digitalization lifehacks