Keeping Up With Digital Transformation

Digital transformation has by now made its way to nearly all industries, and therefore, it comes up in Croixstone’s conversations almost daily. Why is digital transformation so important? Quite simply, if organizations don’t modernize and become fully digitalized then they will be left behind and the threat of disruption becomes very real. With companies investing millions to digitalize their businesses, they are hoping for outcomes that will increase revenue, reduce cost, create more products and services, improve customer satisfaction, enhance differentiation, and ultimately mitigate the risk of digital disruption.

Regardless of your area of expertise, digital transformation will impact everyone. Companies are looking for change drivers to help them weed through the digital transformation myths, create a culture that makes data-based decisions, and sift through an avalanche of digital initiatives to reshape their organizations.

Read about a new practical guide to a successful digital transformation here.

Learn some insights into helping your C-suite understand digital transformation here.

See how three companies are thriving with digital transformation here.


Ideas Worth Spreading…TEDxCharlotte

With TEDxCharlotte taking place in little over 2 months on October 13th, this is a great time to listen to a TED Talk.  TED began in 1984 as a conference resulting from Richard Saul Wurman‘s observation of the convergence among three fields: Technology, Entertainment and Design. Today TED Conferences, TED Talks, TEDx events, TED-ED and many other variations of TED continue to share “ideas worth spreading” (the TED mission).

Learn about the history of TED through a Q&A with Chris Anderson, the Curator of TED, here.

Below are two of our favorite TED Talks:


Gaining the Competitive Edge Through Digitized Supply Chain

Just like everywhere else, digital transformation has impacted the optimization of supply chain efficiency.  Advances include crewless ship operations, new warehouse automation breakthroughs with robots, development of autonomous-vehicle supply chains, advancements in 3D printing, and the emerging role of blockchain.

Learn more about how a digitized supply chain can give you a competitive edge here.

Demystify 3D printing and its disruption in industry here.

Your roadmap to a digital supply chain is here.


Disruptive Innovation via Big Data
Big Data in the marketplace is a disruptive force that requires new technologies, skills, tools and an open mind to drive innovation in business.  According to the May 6, 2017 cover story in The Economist, “The world’s most valuable resource is no longer oil, but data.
Learn more about 5 trends in Big Data here.
Where is the value in Big Data? Find out here.

Virtual Reality (VR) + Business

Last week, MacRumors reported Apple’s purchase of SensoMotoric Instruments which could be a major step toward making virtual reality (VR) mainstream.

At Croixstone Consulting, we understand that the potential implementations of VR in business are too numerous to count. Currently, VR is being used to give virtual tours of entire business environments and to provide training to new employees (especially where it involves equipment). At Stanford Health Care, doctors are using VR technology as a sophisticated visual tool during brain surgery and to train future neurosurgeons. VR can also provide 360 views of products and a more cost-effective way of developing product prototypes to detect design based issues at an earlier stage, issues that can lead to subsequent problems down the road.

Learn more about what VR is here.

See more on how VR can transform a host of industries—and business operations here.

For WSJ subscribers, check out: Virtual Reality Finally Catches On – With Businesses


Is Blockchain Technology the New Internet?

Blockchain here.  Blockchain there.  Blockchain Blockchain everywhere. 

It’s rare for the Croixstone Consulting team to go a day without running into a conversation about Blockchain.  And for good reason…many believe that Blockchain technology has the transformative powers to be the “new internet”.

Learn more about Blockchain from the folks at Blockgeeks – where the world’s brightest Blockchain advocates go to discuss and share trends and opportunities in the world of Blockchain.  Click here.

 


The Gartner Top 10 Strategic Technology Trends for 2017

These are the top 10 strategic trends Gartner sees breaking out of the emerging space to have a potentially substantial impact over consumers and industries during the next five years.

  • Artificial Intelligence (AI) and Advanced Machine Learning
  • Intelligent Apps like VPAs (virtual personal assistants) and VCAs (virtual customer assistants)
  • Intelligent Things like drones, autonomous vehicles, and smart appliances
  • Virtual and Augmented Reality
  • Digital Twins
  • Blockchain and Distributed Ledgers
  • Conversational Systems
  • Mesh App and Service Architecture (MASA)
  • Digital Technology Platforms
  • Adaptive Security Architecture

Learn more about each of these top 10 strategy trends via Forbes here.