Book Image

Industrial Digital Transformation

By : Shyam Varan Nath, Ann Dunkin, Mahesh Chowdhary, Nital Patel
Book Image

Industrial Digital Transformation

By: Shyam Varan Nath, Ann Dunkin, Mahesh Chowdhary, Nital Patel

Overview of this book

Digital transformation requires the ability to identify opportunities across industries and apply the right technologies and tools to achieve results. This book is divided into two parts with the first covering what digital transformation is and why it is important. The second part focuses on how digital transformation works. After an introduction to digital transformation, you will explore the transformation journey in logical steps and understand how to build business cases and create productivity benefit statements. Next, you’ll delve into advanced topics relating to overcoming various challenges. Later, the book will take you through case studies in both private and public sector organizations. You’ll explore private sector organizations such as industrial and hi-tech manufacturing in detail and get to grips with public sector organizations by learning how transformation can be achieved on a global scale and how the resident experience can be improved. In addition to this, you will understand the role of artificial intelligence, machine learning and deep learning in digital transformation. Finally, you’ll discover how to create a playbook that can ensure success in digital transformation. By the end of this book, you’ll be well-versed with industrial digital transformation and be able to apply your skills in the real world.
Table of Contents (15 chapters)
1
Section 1: The "Why" of Digital Transformation
6
Section 2: The "How" of Digital Transformation

Chapter 10: Measuring the Value of Transformation

In the previous chapter, we learned about the pitfalls of industrial digital transformation. We looked at the leading indicators of failure of transformation. We compared some large industrial companies to deep dive into the success and failure of digital transformations.

In this chapter, we will learn about developing the business case for investment in industrial digital transformations. We will also discuss how to evaluate investment outcomes. This chapter will cover the following:

  • Developing the business case for transformation
  • Productivity and efficiency gains
  • New digital revenues
  • Social good