29 January 2019
The digital transformation is a source of benefits for every company, and this is something that even the last skepticals have welcomed. But, can the impact of the Digital Transformation be measured? Yes.
This is what emerged from the last World Economic Forum (WEF), which was held between 22 and 25 January in Davos (Switzerland). A study published by Schneider Electric, a French multinational, has produced very interesting figures and percentages about costs and time optimization. The benefits span through all sectors: industrial, commercial, primary, service, private and public.
The potential of the digital transformation (correctly and progressively implemented) brings benefits especially in three categories of competitiveness: capital expenditures (CapEx), operating expenditures (OpEx), and advantages related to sustainability, speed and performance.
Schneider Electric has analysed more than 230 companies (linked to projects developed with customers) from 41 different countries over the last five years. Beyond specific sectors and individual projects, it is interesting to take an overview of the scope of this research:
Digital transformation allows to produce more with less energy, lengthens the working life of the tools used, involves the use of less materials and less time.
Adding up all the items, the full potential of digital transformation is unleashed and a 50% increase in productivity is achieved!
The conclusion of Schneider Electric's study is that the value of the digital transformation is unavoidable and is set to increase in the incoming years. It is the President and CEO of Schneider Electric, Jean-Pascal Tricoire, who certifies it:
“Digital transformation is the only way to create coherence and efficiency within a company. Technologies such as the Internet of Things, artificial intelligence, big data and analytics are already producing innovation, results and competitive advantage. Our study shows that many companies and organizations need someone to trust to manage this complexity and unleash the full potential of the digital transformation”.
Digital transformation is driving new competitive realities and new business systems. Agic Technology guides management to respond optimally to the new business demands.