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During the pandemic, consumers have moved dramatically toward online channels,5 and companies and industries have responded in turn. The survey results confirm the rapid shift toward interacting with customers through digital channels.
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Jun 28, 2024 · Over 90 percent of organizations worldwide had implemented cloud technologies as of 2023, the highest adoption rate of any emerging technology, with global public cloud spending estimated to have...
October 28, 2020 We asked executives how long they expected it would have taken their companies prepandemic to digitize 12 different activities and how long it actually took them once the coronavirus hit. When it came to remote working, companies moved 43 times more quickly than executives thought possible.
- A Win For Early Adopters
- Reality Check
- A Wake-Up Call
- Changing Priorities
- Ext Normal For Industry 4.0
- The Way Forward
Companies that had scaled Industry 4.0 use cases prior to COVID-19 found themselves better positioned to respond to the crisis (Exhibit 2). A consumer packaged-goods (CPG) company in Asia had built a digital twin of its supply chain before COVID-19, for example. It was able to use that to run multiple scenarios during the pandemic, preparing itself...
While Industry 4.0 technologies proved critical to early adopters in their crisis responses, the pandemic has also forced companies to reevaluate the progress of their own digital transformations. Compared to last year, our research reveals a significant drop in respondents’ assessment of their organization’s maturity. The number saying they had su...
Companies that had not implemented Industry 4.0 prior to COVID-19 have had a wake-up call. Our latest survey indicates that not only did they find themselves struggling during COVID-19, but also the absence of past experience, lagging underlying IT/ OT technology stacks, and COVID-19-driven cash constraints are making it difficult for them to catch...
The crisis is forcing companies to rethink the direction of their operational strategies, changing both the business issues they want to address, and the Industry 4.0 technologies they use to do so (see sidebar, “Three archetypes emerge”). Unsurprisingly, given the unique circumstances of the pandemic, agility and flexibility in operations have eme...
For industry, the coronavirus crisis is changing the rules of the digital game. The pandemic has reinforced the value of industry 4.0, but it has also exposed the limitations of today’s implementations and set a higher bar for success. Moreover, the transition to a post-COVID-19 next normal has changed the context for many digital projects. Months ...
Against this background, a laser-focused approach to Industry 4.0 transformations seems the most realistic choice for most companies. Over the coming months, few organizations will have either the time or resources to support a scattergun approach to digital experimentation. Most will be better served by building a strategic roadmap for their Indus...
Jul 27, 2021 · Tech giants have reported soaring profits as consumers upgraded their devices and sought cloud storage during lockdowns. Apple's profits nearly doubled to $21.7bn (£15.6bn) in the three months to...
Apr 28, 2021 · Leading Companies That Scaled Technology Innovation During COVID-19 are Growing Revenue Five Times Faster Than Lagging Adopters. New class of ‘Leapfrogger’ companies compressed digital transformation and outpaced peers with 4x revenue growth.
Mar 4, 2021 · Studies show that the pandemic has led to a 20% surge in total internet usage. This is due to factors such as an increased demand for videoconferencing and entertainment streaming services. Ben Crawford CEO of domain name company CentralNic, outlines five strategies for successful digital transformations. The trend of remote working is likely ...
