You read the part 1 of Transformation – a great article by an author in TCS.
Here is part 2:
- Growing margin pressure
- Budgets remain tight
- Companies continue to do more with less
- Less opportunity to optimize using traditional approaches
- New opportunities to optimize as technology disruptors converge to create a platform for efficiency
A key difference between past efficiency initiatives and those pursued in the future is diminishing returns. We simply do not have as many options to squeeze out more cost, or re-engineer another process. So we must seek the next generation of efficiency gains and the key lies in reimagining what and how we do things. The convergence of technology innovation (Social, Mobile, Analytics, Cloud, Big Data, Internet of Things, and Advanced Robotics) provides a platform for next generation initiatives. Instrumentation will play a major role in driving these gains (Smart Automation, Smart Optimization) and companies will be challenged to apply analytics to the data that flows from these initiatives.
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