Technology

Digital transformation
is only a part of
technological renewal.

However, it is an important one. The whole world speaks of digital transformation, so that one might believe that every company should start with it as quickly as possible. But often people overlook that every day new, value-creating technologies are developed that one cannot know or use. Due to the globalisation, the internet and the rapid knowledge transfer new solutions are developed faster and faster. This shows also the rapid increase of worldwide patent applications which led to the fact that, as the World Intellectual Property Organisation published, the application rate reached in 2016 with 233.000 applications and an 7.3%-increase vs 2015 the highest level so far.

Transparency grades for the technological transformation

  1. Technology review
    Review of the implemented technologies with regards to renewal, adaptation, efficiency, effectivity
  2. Technology update
    Review of new and disruptive technologies for existing and future company functions
  3. Technology roadmap
    Assessment and scheduling of technological launches and changes including processual implementation

A transformation plan give answers to the WHAT, the WHO, the HOW and the WHEN

Most companies base their decision on whether they switch to a new technology that is more efficient and offers a competitive advantage or whether the primary goal is a business-wide digital transformation mainly on value creation, investment and maturity level. The technological performance, access, effects are all criteria that should be considered in a technological renewal process. In any case and despite the hype, one should examine at first, what in which sequence brings which benefits to the company.