The strategic importance of digitalization, Industry 4.0, amongst executive and senior management in many industrial companies is undervalued and poorly understood. The compound gains to be had from digitalization will rapidly create a widening gap between the smart and the slow. There’s really only one way to address the challenge of digitalization: act now, act fast.
Digitalization offers businesses an opportunity to move higher up the value chain, build customer intimacy, and generate additional revenues from new business models. Lakana was engaged by a mechatronics company to provide advice and on the use of software to help them achieve these benefits.
Ransomware disables digitalisation leader Picanol's operations. Company's shares to be suspended and 1500 people sent home.
Evidence that predictive maintenance delivers significant business value is presented in a recent report by PWC. In a survey of 268 European companies, of those that have implemented predictive maintenance (11%) a surprising 95% reported improvements in maintenance value drivers.
Understanding the ability of software to generate value is utterly key to successful digitalisation and not a core competence widely present amongst the leaders of High-Tech industry.
Why is software-driven innovation essential to becoming an Industry 4.0 / Smart Industry winner? In this 5 minute pitch, Robert Howe describes the challenges that face companies wanting to succeed at industrial digitalisation and where to go to find out more. Prefer text? The speaker notes of the presentation follow below the video. [...]
For decades, innovation has been driven by hardware with software consigned to an enabling role. Today, the move towards large-scale digitalisation is reversing these roles, with software driving innovation and hardware becoming increasingly commoditised. A new generation of smart systems is set to emerge based on software-centric technologies such as the industrial internet of things, [...]
The Smart Utopia More than ever, society is dreaming of a utopian future where “Smart” technologies such as AI, IOT, Big Data and Autonomous Vehicles improve quality of life for the majority of the world's populace. All of these advances are entirely dependent on software driven innovation. Therefore, mastering the ability to innovate in [...]
