Читать книгу Internet of Things in Business Transformation - Группа авторов - Страница 49

Recent technologies whether it is IoT (Internet of Things), Artificial Intelligence, Big Data, or Cloud computing are providing assistance to various business leaders for developing new models for the existing business which changes the traditional method of running business operations. Such technologies are not just the recent buzzwords for the current scenario but the “Tangible value coming from these technologies in terms of improving product optimization, increasing production output, and directing operational efficiency challenges.” Hence we can call it what we require and the digital transformation is like something for which so many executives engaged in legacy systems are struggling till now to get their heads around. Although start-ups succeed through their innovative methods of working style, creative use of data and approaches to integrate recent technologies, various traditional firms including public and private sectors are still facing difficulties in legacy system. Such organizations are stuck on their policies and process, rather than information and its insights. These firms which are moving slowly in the market getting left behind in the competitive race. Gartner says “two-thirds of business leaders believe their companies must pick up the pace of digitalization to remain competitive”.

On the other hand, speeding up the development is quite tough. “Digital” is normally viewed as a complicated art which is understood by fewer experts. In so many cases, entrepreneur gets filled such knowledge gap through highly paid consultants who bring the publicity of digital transformation as a replacement for measurable business value.