Digital transformation promises to make engineering companies better, faster and more profitable. But that transformation doesn’t come easily. That’s because digital transformation is a lofty goal: it’s nothing less than the end-to-end digitization of your company’s data and processes, all of it seamlessly connected to enable optimization, automation and the generation of novel business insights. Hardly an overnight upgrade. Many companies have taken a slow-and-steady approach to digital transformation, but the overall pace is changing. In a 2021 survey on digital strategy in the post-pandemic era, consulting firm McKinsey spelled it out plainly: “What was considered best-in-class speed for most business practices in 2018 is now slower than average.” There are a few explanations for the acceleration of digital transformation. It’s not all because of COVID, although the pandemic played a role. A timely convergence of maturing technology and a changing workforce is creating increasing pressure to transform, and the average company must now think more deeply about its digital strategy—and act decisively—to keep up with the competition. Technology is Ripe for Digital Transformation Digital transformation requires a coalescence of many technologies: semiconductors, battery storage, telecommunication protocols, enterprise engineering software, artificial intelligence and many more. As each of these […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
