Digital Planning & Future - Pilot by fire

Now deep into the pandemic, we see most large companies have reprioritized their digital plans towards new goals—even those without formalized roadmaps have started to make small improvements. You can call this "Pilot by fire"

What you should do now,

1) Data is your intellectual property (IP). It can help you become faster, smarter, more virtual, and more adaptive across the enterprise. Invest now to have better data and better data capabilities, so you can make better AI-enabled choices. More companies are jumpstarting this capability by leading cross-functional teams to address a tangible business problem with insights from data. This can prove the value of AA, Big Data, AI and machine learning in weeks instead of months or years.

2) As consumer and customer patterns change, your product portfolio and services will change. You can identify rapidly evolving trends through advanced analytics, gain perspectives based on always-on active monitoring research, and understand how shoppers engage, purchase, and comment on products. Then you can use this data to adjust your portfolio. Advanced analytics can also help you gain actionable portfolio insights from existing enterprise data. For example, understanding the impact of a design decision or change over on production.

3) Make sure models help you to simulate them first. Leverage a digital twin (a digital representation of the physical product) to enable testing, analysis, and performance improvements without entering a lab. Determine the data and attributes that articulate what a product is in digital form. Then create models that test these attributes and observe what will happen if certain actions were to happen in the physical world. Adjust the digital twin and re-test, all before having to touch the physical product.

4) Drive Sustainability for BOTH Planet and Profit. Sustainability is not just a demand from your consumers, it is now a demand from customers and wall street. Under none of our scenarios does sustainability disappear. It is not detrimental to the bottom line. Not only does it allow you to command a higher price than consumers are willing to pay, but also it can drive down costs by focusing on energy management, reducing waste, and increasing reuse in operations. You can preserve scarce resources while improving profitability.?#AdvanceAnalytics?#machinelearningmodels?#bigdata?#analytics?#pandemic