The strategic importance of digitalisation, Industry 4.0, amongst executive and senior management in many industrial companies is undervalued and poorly understood. The compound gains to be had from digitalisation will rapidly create a widening gap between the smart and the slow. There’s really only one way to address the challenge of digitalisation: act now, act fast.
Digitalisation offers businesses an opportunity to move higher up the value chain, build customer intimacy and generate additional revenues from new business models. Lakana was recently engaged by an Eindhoven based mechatronics manufacturing company to provide advice and consultancy on the use of software to help them achieve these benefits.
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. https://vimeo.com/302710149 [...]
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 [...]
One of the biggest fallacies of our time is that software is indeed “soft”. For the last thirty years I have continually heard that it’s hardware that costs money, that it’s hardware that adds value, that it's hardware that the customer buys. I once worked in a development group that had 30 people working [...]