With the shortening of the innovation cycle and the challenges brought about by fierce competition and globalization, the analysis-based digital transformation has become a professional source for all companies to rely on, and digital transformation will bring a wealth of opportunities to develop strategic plans. Managing data assets can lead to long-term success.
According to reports, HCL Vice President Anand Birje said that in the past 4 to 5 years, companies have been forced to invest in research and analysis, big data and digital transformation because they are worried about being ahead of their competitors. For companies, in order to maintain customer relationships in value, companies are expected to earn small profits and balance profit and product innovation. Different from merely promoting or supporting traditional practices, the digital transformation stage emphasizes the use of software and computer technology to introduce new types of innovation. Industry 4.0, hailed as the fourth industrial revolution, values ​​the importance of bridging the gap between entities and the digital world, such as cloud computing, virtual and real systems, Internet of Things (IoT), and cognitive computing.
Companies must first grasp a business value chain that clearly identifies their goals, and then build their big data and analytics capabilities. As the data derived from R&D, products, engineering, supply chain, manufacturing and production continues to increase, the integrity review business can capture the importance of data from different systems such as ERP, SCADA and CRM, thus contributing to the decision-making of the enterprise.
In addition to the big data that enterprises have, the IoT data in the cloud will increase the number of data sets. Therefore, efficient big data analysis solutions must be deployed to manage data sets and generate vision. Variables and results for any kind of business process can be linked using predictive analytics tools, such as slower production lines, which can be attributed to the design flaws of the supplier components.
Most important business processes are time-sensitive, and big data provides real-time decision-making opportunities that improve business performance. Reengineering the business structure, like any change, also changes the way employees work, change responsibilities, notify responsibilities, and change corporate culture as a whole. Therefore, the human resources department must take care of participating in training and support personnel.
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