Business Benefits of Digital Transformation and Big Data Initiatives - Planning and Implementing - BCG

26 October 2019

Digital Transformation - Productivity Improvement & New Product and Service Creation Examples

1. Tesla made all their electric vehicle patents available for free
2. Eaton, the US-based power management company offers the “eNotify Remote Monitoring” service that provides 24×7 remote monitoring of connected UPS systems.
3. GE: 3D-printing to make parts.  Result: 19 parts now produced as single assembly in 1 print. 5 times stronger.
4. Ingersoll-Rand PLC provides service of  remote monitoring of HVAC systems and data analysis through its Trane Intelligent Services.
5. Caterpillar and Uptake (data analytics startup) co-develop “predictive diagnostics” tools for the larger company’s customers to turn data generated by sensors in bulldozers and hydraulic shovels  into meaningful information that can help Caterpillar’s customers catch potential maintenance issues before breakdowns occur, minimizing downtime.
6. Pay-per-lux leasing program sold to Washington Metro and Schiphol Airport by Philips and energy services company Cofely. Clients pay for the light it uses without investing in fixtures and installations. Philips invests in  all fixtures and installations. Energy savings predicted will provide the return to Philips.
7. Barco proposed to deliver a projection service instead of selling the projectors with a cost per hour projected of LED lights.
8. Joy Global Inc.  manufactures and services heavy machinery used in underground and surface mining.  By installing sensors in their machines they notice  the machines needing  replacement parts or service and schedule the service also. (Smart Services monitoring program)
9. GE launched Predix as an industrial internet cloud solution for predicitivity solutions. Using Predix companies can keep an eye on machines, collect data about heat and vibration, and predict when need for  maintenance or replace parts.
https://www.boardofinnovation.com/staff_picks/digital-transformation-examples/





21 January 2017

https://www.bcgperspectives.com/big_data_and_beyond

Advanced Analytics - An Explanation for Operations Managers

Operations managers and leaders and managers are often making operations management using rules of thumb or basic data analysis. Today, they can apply advanced analytics techniques which provide solutions with low total cost and higher effectiveness due to  cheaper computing power and improved data capture mechanisms—to make better-informed decisions that optimize value.

http://www.bcg.com/expertise/capabilities/big-data-advanced-analytics/insights.aspx


http://www.bcg.com/expertise/capabilities/big-data-advanced-analytics/impact.aspx

http://www.bcg.com/careers/path/knowledge-analytics/default.aspx

Top 100 Management Theory Articles of the blog


Updated  26 October 2019,  21 January 2017, 26 October 2016