And yet, even in the new world, the company’s business management still may not be able to make a connection between the needs of their business, digital transformation, Industry 4.0 and its underlying technologies. However, that is a problem that can be solved by working with industry experts who can help analyse the objectives of a business and devise appropriate digital transformation initiatives. We’re not talking grand plans here, either. Successful digitalisation programs focus on addressing low hanging fruit and achieving short term wins: involve, pilot, evaluate, deploy, repeat.
Attempting to use business cases and ROI calculations to justify digital transformation was always a time consuming work of fiction. In the new world there is no time for fiction. The fact is that industrial digitalisation breeds its own success. It gives birth to new and potentially surprising business opportunities. It is the gateway to surviving and competing in the new world. Therefore, business cases should be the consequence of industrial digitalisation and not a justification for it.