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INF.- Intelligent Assets: Unlocking the Circular Economy Potential

The impending digital transformation of the Fourth Industrial Revolution holds the potential to redefine the very basis of our materials-reliant industrial economy. Enabled by the internet of things, a new model of growth gradually gaining independence from finite resource extraction is emerging. Can pervasive connectivity become the new infrastructure enabling effective material flows, keeping products, components and materials at their highest value at all times, thus enabling the coming of age of the circular...

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INF.- How to Jump-Start a Digital Transformation

In industries such as energy, health care, industrial goods, and logistics, many companies have held off implementing digital technology because they lack the organizational mind-set and capabilities required to succeed. These late adopters need to embrace the concept of “fail fast and fail cheap,” developing their experience and digital capabilities through a three-step transformation framework. Secure Quick Wins at the Outset Speed is more important than perfection. Companies should launch small-scale digital initiatives to improve the customer experience, bring new products and services to the market, and digitize internal processes. Scale Up Successful Initiatives Once they have identified promising digital ventures, companies need to scale them up and establish the right organizational model to integrate them with existing operations. Lead and Sustain Change Successful digital transformations require strong leadership, alignment between IT and the business units, and a culture that celebrates risk-taking and rapid...

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