Business Management

Stepping into the Digital Future with IoT

Provided by Cognizant

Category Business Management

Type White Paper

Length 22

Publish Date January 26 2018

Date posted January 26 2018


The Digital Age — which makes the Industrial Revolution look tame by comparison — is upon us. In this era, organizations are leveraging intelligent products and solutions to realize efficiencies, enable customization and improve the user experience like never before. And, just as in previous transformations of industry and business, existing processes are being disrupted, innovation is accelerating, and entire industries are being reshaped. In this new era, the integration of information technology and operating technologies is driving powerful synergies — between the physical world of smart machines, industrial operations and facilities/spaces, and the digital world of Internet of Things (IoT) platforms, applications and insights. This creates the opportunity to help businesses generate greater efficiency, enhance safety, improve customer experience and develop new business models and revenue streams. Building end-to-end systems and capabilities is critical to leading in this era — helping to understand and predict equipment performance, get visibility into operations, monitor facilities/spaces and make critical business decisions based on real-time, contextual data. To succeed, organizations must have a strategy that addresses the four dimensions outlined by the World Economic Forum for this nascent Digital Age: customer expectation, product enhancement, collaborative innovation and organizational forms. In the following pages, we present examples of businesses across industries that we’ve helped navigate this epochal shift by examining their challenges, developing strategies, applying design thinking and leveraging our deep domain expertise and analytics. By doing so, we’ve helped them contextualize, imagine and create smart, connected products and solutions that can help them drive future growth.  

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