The transformational power of data has been well documented, however, less than 50% of organisations are using it to drive efficiencies. Data as an asset is still very much in the "early adoption" phase says Gartner. This means that companies making strategic use of their data have a competitive advantage. In the second in our Digital Transformation Challenge series of blog posts, we look at how CKH Innovation Opportunities Development is helping organisations grasp that advantage and harness the power of their data.
The past couple of years have been dominated by talk of digital transformation. From keynote speeches to boardroom meetings, it's been a recurring topic. But for all this talk, implementing digital transformation, particularly on an organisation-wide scale, has been a slow burner. In this Digital Transformation Challenge series of blog posts we'll take a closer look at how CKH Innovation Opportunities Development's joined-up approach is helping organisations overcome the digital transformation challenge.
Today’s consumers expect personalised services and products that suit their individual situations and needs. They are also starting to expect meaningful and contextual interactions through their preferred digital channels and devices. For retailers with brick and mortar stores, this means grabbing hold of the opportunities that will drive better engagement, create new sales points and build brand loyalty.
The rapid growth of the Internet of Things (IoT) has ushered in what we now know as the “fourth industrial revolution” and the “second digital revolution”. By the year 2020, it is estimated that the number of connected devices in use worldwide will reach 20 billion.
The world is becoming increasingly dependent on machines and data. Analogue equipment is gradually being replaced with sophisticated devices, able to generate constant streams of valuable data, control processes, monitor environments and make predictions.
In Part 1 of our data analytics and the connected car series, we talked about the role that data will play in driving transformation across the transportation industry and in particular, connected vehicles.
When scientists and filmmakers shared their visions of the future in the 1960s, they imagined unmanned flying cars and superhighways sprawling across the sky. While some level of success has been achieved with aerial vehicles, it is the connected world that looks set to win the transportation race to the future.