Why are companies implementing digital transformation initiatives? CIO Rahul Shinde of Duy Tan Plastics Manufacturing Corporation People and culture must come before the technology to unlock the full potential of digital. The companies have been transforming for the last 30-40 years using technology and we have seen many phases of development and transformation to respond to the changing business climate. However, what is different today is that in the recent past, the pace, cost, and volume of technical innovation has accelerated the way businesses adopt technology and hence today’s transformation is happening via tools, processes, and data that is driven through digital channels. With a new breed of online companies providing enhanced customer experience using new online marketing channels, providing digitally-enhanced products, and utilising cloud technology to engage and service customers utilising data-driven insights, and customers embracing the same has … [Read more...] about Adopting tech changes: a must in the digital age
Large scale 3d printing service
Industrial revolutions are momentous events. By most reckonings, there have been only three. The first was triggered in the 1700s by the commercial steam engine and the mechanical loom. The harnessing of electricity and mass production sparked the second, around the start of the 20th century. The computer set the third in motion after World War II. It may seem too soon to proclaim that the fourth industrial revolution, spurred by interconnected digital technology, is upon us, but Mr. Henning Kagermann, Head of the German National Academy of Science and Engineering, did exactly that in 2011, when he used the term Industry 4.0 to describe a proposed government-sponsored industrial initiative. After missing the first three, Vietnam is now hoping to tap into the fourth revolution, though this requires action and not just words. Boundless prospects It’s not by chance that Industry 4.0 is mentioned often in State documents and speeches by government officials. The topic even … [Read more...] about VN tries to harness the change brought about by Industry 4.0.