DX - X Axis & Y Axis
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Design of Digital Transformation in the form of Horizontal & Vertical Components.
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Industry 4.0 Digital Transformation
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Let us look at Digital Transformation in Technology and Business context.
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■ Let us look at Digital Transformation in Technology and Business context.?
■ In this context, Business is representing an Industry Vertical (Component) & Technology as a Horizontal Component to enable Digitalization.
■ On the Business side, the Industry vertical, demands Technology Enhancements.
■ On the Technology side, the Horizontal component enables a new business model.
■ Here the key point is that most of the Horizontal Components, Connectivity, Computing, Data Analytics, & AI, etc. are common to various Industry verticals.?
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■ To realize a Digital Transformation we need to implement multiple technologies for the Digitalization of various aspects.
■ These are the technologies that enable an organization to Digitize its Operations, Processes, Products, Services, and Customer Experience & ultimately transform its holistic Business Model.
■ These technologies are considered Horizontal Components of Digital Transformation as these are implemented as a layered technology stake and common to any Industry Vertical.
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■ Technology factors act as Enablers for the development of new business models.
■ This is the Technology in the form of Digitization & Digitalization which bring real change on the ground.
■ On the Technology side, the Horizontal component enables a new business model.
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■ Business factors act as Drivers toward a Technology Evolution.
■ On the Business side, the Industry vertical, demand for Technology Enhancements.
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■ It is a Push and Pulls kind of phenomenon where Technology pushes for the development of the new Business model, whereas Business Demand or Market Pull is for the Enhancement of new technology areas.?
■ In other words, the market pull?approach attempts to provide products the?market?demands, whereas the technology push?approach attempts to interest the?market?in new products based on new solutions.
■ We can see that both Technology and Business play an important role by complementing each other.
■ Ultimately it is the match of Business and Technology which act as a steering force for Digital Transformation.
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2 年THE INDUSTRY FOUR