The future of work is digital but before the Covid-19 pandemic, enterprises generally took a slow and steady approach to the integration of digital transformative processes. Following the pandemic, the adoption rate is moving at an accelerated pace as organizations seek to protect workers and customers while delivering optimized services. This increased adoption rate is also expected to see investments in digital transformation tools nearly double by 2023. So, here are some top innovative digital transformation tools to take your organization’s digital transformation drive to the next level.
Edge computing refers to both the hardware and software solutions that support low latency computing closer to data-producing sources. Edge hardware includes IIoT devices, smart devices, and any hardware that can process data without reliance on a centralized computing platform. Thus, the edge guarantees decentralization when processing or analyzing data which supports diverse real-time applications or automation strategies.
Pokémon Go going viral introduced many to the possibilities of applying augmented reality in diverse ways. Today, virtual reality has been embraced as a planning, validation, monitoring, and training tool by organizations interested in speeding up specific business processes or ensuring employee safety. Augmented reality is being used by industries such as:
While augmented reality provides a virtual environment for validating and testing ideas, simulation models provide an intelligent object-based platform for evaluating complex operational platforms and providing optimized solutions for implementation. Simulation modeling and scheduling software is a digital transformation tool that utilized data analytics to solve capacity planning, resource management, scheduling, and production planning problems.
The Blockchain refers to a list of blocks, also called records, which are linked together through cryptography. Although Bitcoin may be the most popular aspect of today’s Blockchain environment, this digital transformative technology offers much to organizations across diverse industries. The Blockchain’s ability to permanently record the transactions of multiple parties in a verifiable way is its major selling point to organizations interested in going digital with their transactions.
The digital twin is a virtual mirror representation of physical objects, systems, and processes but unlike augmented reality or a simulation model, it is a cyber-physical entity where both the physical and virtual entity interacts in near-real time. Thus, changes that occur within the physical entity are reflected in the digital twin while changes to the digital twin can be made to reflect on the physical entity. The digital twin is a digital transformation tool that thrives on data collected from edge devices, IIoT, and any data producing source an enterprise uses. This means a digital twin can be built of any object, facility, and process in every industrial sector.
The recorded successes of implementing digital transformation technologies include increased revenue growth, optimized resource management, facilitating remote work, and accurate data-driven business insights. These benefits mean that the digital transformation of the industrial space is expected to continue at an accelerated pace during the Covid-19 era and post Covid-19. You can learn more about applying Digital Twin and Simulation Modeling technologies to optimize your business processes by requesting a demo of Simio Software.