Digital Transformation
Creating and Deploying Digital Twins in Process Industries
A digital twin is a representation of a physical asset that has a level of completeness and accuracy and includes context information that allows the user to understand its behavior and performance. We differentiate project digital twins used in engineering and construction, and performance digital twins used in operations and maintenance. Basis for a Digital Twin in Process Industries The basis for a digital twin is accurate, up-to-date and accessible asset information. Properly managed and deployed, the digital twin changes over the asset lifecycle time line to reflect the asset changes such that the user can see crucial information about how the physical asset is or was performing in the real world. On top of this basic digital twin, more sophisticated aspects of the twin can be con...
Digital platform strategy from planning to execution
Every enterprise must adopt a digital platform strategy to stay relevant and differentiated to their customers. Gartner in its article Every Organization Needs a Digital Platform Strategy makes a point that the digital platform strategy will vary from company to company. Some companies will develop a platform business model that encompasses providers, consumers and employees to create or exchange goods, services, and social interaction. Others might integrate with other organizations’ digital platforms. Regardless of the setup, the strategy must integrate business and IT needs and establish a collective leadership vision. How to begin your enterprise digital transformation with Platforms The key objective of the first step is to set an appropriate digital platform strategy based on the con...
Beyond The Lab
Things sure look different today, don’t they! Tech is changing and our perspective to it must also change! So, welcome to a brand new micro-series “Beyond the Lab”. You will see more in the 1st episode that we are dropping soon. Stay tuned and mark it with a like or comment – if you need an alert when it lands. Cheers!
Why should every enterprise have a digital platform strategy?
A new phenomenon in global enterprise valuations The last few years have seen a significant change in the valuation of companies across the globe. If you look at the top 10 companies in the world by their market capitalization from 2011 and onwards, you would notice that there has been a shift in the positions of these enterprises. A noticeable exit from the list has been that of Wal-Mart. The retailer’s spot in the top 10 appears to have been acquired by another retailer, Amazon. There are new entrants for the top spots who did not even exist in the last decade. Companies Facebook & Alibaba, have rapidly scaled compared to its peers. What is the secret? ‘Born digital’ companies such as Amazon, Airbnb, Uber and Alibaba have built multi-billion dollar business at a never-before-seen sp...
Taking the Bot Out of Humans
At times, when I walk into open office spaces, I see people feverishly typing away as they remain glued to their computer screens. Almost mechanically, they seem to be “forcing” the output which is proportional to the time spent in its quest. A linear world where the rhythm is unmistakable – monotonous, and with a certain dreariness, which I can sense. I am not suggesting that all of them are engaged in repetitive tasks (with due respect for what they continue to achieve) but surely, a sizeable number would be working on rules-based processes using structured data. It makes a strong case for intelligent automation (IA) which will not only free up thousands of man-hours but also provide opportunities for bright human beings to be retrained so they can reach for higher realms which require g...
Shaping the future of dealership with AI
AI and current scenario in dealership sector We are surrounded by AI, though we truly don’t acknowledge it. It has been used in commercial flights by pilots since 1900s, and we see it commonly being used for various activities such as depositing checks. With the evolving AI, several sectors such as automotive business are looking for greater assistance to bring more convenience. The AI in the dealership can be ground-breaking change as human interaction is prominent in this sector. However, automotive industry faces certain challenges that we need to take into consideration. Challenges in the dealership business • Increased Competition Over the years the independent aftermarket chains have made their way into recession. Because of the increased sales of new vehicles, the vehicles operating...
Digitizing Rural Agricultural Universities!
I had promoted iWeb with a colleague in 2005 with the idea to emulate what SAP does for the world, we wanted to be the web based SAP for India back then in 2005. We were clear on 2 things, 1 – we want to be a product company, 2 – we want to make in india & also sell in india This is our base DNA which survives and thrives even today! 13 years with a lot of sultry indian customer experience, angel funding in 2013 which made us 4 promoters and salt & pepper hair at 36 (with the extensive india travel & managing Indian customer expectations) has given us a lot of food for thought Back then in 2013 we took a call that the real fun if we want to stay, sell & thrive in India will be to focus our energies & solutions in and around Rural India as that is where the t...
Why Fail Fast Doesn’t Align with Digital-first Industrial Work Culture
The phrase “fail fast” is increasingly finding its way into conversations about industrial digital transformation and Industry 4.0. The implication seems to be that fail-fast is a necessary component of a digital-first industrial work culture. From an IT perspective, it makes sense. However, it really doesn’t align with how industrial operations need to evolve. To me, there is a looseness of interpretation in the use of “fail fast” that is either self-serving or a miss-the-mark attempt at communicating a point of what it means to have a digital-first industrial work culture. Fail Fast in an Industrial Work Culture Context Various fail-fast philosophies have been around for a while and can be traced back to software and Internet startup roots in the early 2000s. The idea was particularly ...
Gramcover: De-risking Rural Indian by harnessing the twin levers of technology and rural human capital
A doorbell rings at a house-hold in Kalkaji, the lady of the house comes to see who’s at the door. She had ordered her groceries from Grofers and is greeted by the ever-smiling delivery boy holding a big bag full of her regular Arial and Atta. As soon as the delivery boy finishes, keeps all her groceries on the dinning table, he asks- “Madam, card ya cash?”. Madam says- Card le lo and the grocery boy attaches his m-pesa machine to his phone and gets paid for the right amount including the paisa charge. A regular feature in our daily lives, we would all agree! Now imagine this. A farmer in a rural and interior area of India wants to buy crop insurance. He has put his entire savings into farming 2 acres of land which he has got on rent from a landowner by agreeing to share a part of the rev...
Transform Your Dealer/Distribution with these Emerging Technologies
The 21st century has introduced a lot of new technologies that have brought ease and simplicity in work. The digital transformation in the dealership services has been remarkable. These technologies are meant to improve dealership offerings and reduce errors and redundancy. The technologies including Artificial Intelligence and distribution management solution better known as DMS have been quintessential for the growth dealership services. So, let us see how the top-most technologies assist various distribution businesses. 1. Cloud Hosting Normally, the dealers use local server or personal computers to store data. They usually process a vast amount of data with personal computers which becomes difficult to handle. Cloud hosting is the most appropriate solution to handle this data. This c...
