Unlocking Innovation and Delivering New Services Through Digital Transformation
Jeff Winter, a manufacturing industry executive at Microsoft, is an Industry 4.0 and digital transformation enthusiast, business strategist and avid storyteller. Check out his keynote presentation from Automation Alley's 2022 Integr8 conference to see how you can accelerate innovation at your company by leveraging technology.
Digital Transformation has accelerated as a result of the pandemic as nearly every industry and every company has had to adapt to changing work conditions, market conditions, and environmental conditions. Those companies that are thriving in this new normal have uncovered new value in leveraging technology to accelerate innovation cycles and deliver entirely new products, services, and even business models. Imagine fully recovering from this pandemic better off than before it started with entirely new revenue streams that fill the revenue gaps with even greater profitability through new channels.
About Automation Alley
Automation Alley is the World Economic Forum's Advanced Manufacturing Hub (AMHUB) for North America and a nonprofit Industry 4.0 knowledge center with a global outlook and a regional focus. We facilitate public-private partnerships by connecting industry, education and government to fuel Michigan's economy and accelerate innovation. Our programs give businesses a competitive advantage by helping them along every step of their digital transformation journey. We obsess over disruptive technologies like AI, the Internet of Things and automation, and work hard to make these complex concepts easier for companies to understand and implement.
*Statistic Correction in Presentation: Jeff said “My favorite statistic according to Forbes, Data-driven companies are 23 times more likely to acquire customers than their peers.” - it should have been according to McKinsey (Forbes just referenced McKinsey)
Sources Referenced:
Statista - Amount of data created, consumed, and stored 2010-2020, with forecasts to 2025: https://www.statista.com/statistics/871513/worldwide-data-created/
TechCrunch - Eric Schmidt: Every 2 Days We Create As Much Information As We Did Up to 2003: https://techcrunch.com/2010/08/04/schmidt-data/ (Video of speech: https://www.youtube.com/watch?v=UAcCIsrAq70)
World Economic Forum - Fourth Industrial Revolution, Beacons of Technology and Innovation in Manufacturing, January 2019: https://www3.weforum.org/docs/WEF_4IR_Beacons_of_Technology_and_Innovation_in_Manufacturing_report_2019.pdf
World Economic Forum - Global Lighthouse Network (103 lighthouses at the time): https://www3.weforum.org/docs/WEF_The_Global_Lighthouse_Network_Playbook_for_Responsible_Industry_Transformation_2022.pdf
Splunk - The State of Dark Data, 2019: https://www.splunk.com/en_us/form/the-state-of-dark-data.html
The University of Texas at Austin & Sybase - Measuring the Business Impacts of Effective Data, 2010: http://middleman.heltenkelt.se/anvandbart.se/images/drupalbilder/blogsource/div/EffectiveDataStudyPt1-MeasuringtheBusinessImpactsofEffectiveData-WP.pdf
McKinsey & Company - Five Facts: How customer analytics boosts corporate performance, 2014: https://www.mckinsey.com/capabilities/growth-marketing-and-sales/our-insights/five-facts-how-customer-analytics-boosts-corporate-performance
PTC’s The State of Digital Thread report 2021: https://www.liveworx.com/blog/report-the-state-of-digital-thread
Air & Space Forces Magazine - Rolls-Royce Wins B-52 Re-engining Program Worth $2.6 Billion, 2021: https://www.airandspaceforces.com/rolls-royce-wins-b-52-re-engining-program-worth-2-6-billion/
PTC - Celli Group Transforms Food and Beverage Industry: Celli Case Study: IoT in Food and Beverage Industry | PTC
