The shift to a software-centric model is inevitable and irreversible and is significantly disrupting traditional industrial markets and companies.
Leveraging emerging technologies such as the Internet of Things (IoT), artificial intelligence, robotics and 3D printing, many industrial companies anticipate an increasing percentage of revenues will come from their digital transformation efforts.
As revealed in the 12th Annual Global Innovation 1000 study conducted by PwC’s Strategy&, across all industries, companies growing faster than their competitors invested 25% more of their R&D into software than their slowing growing competitors.
Many manufacturers are starting on a path to fundamentally transform their business models and cultures by forging digital connections with suppliers, customers and other manufacturers, and also by creating digital-based products and services that deliver business outcomes.
As industrial companies embrace new technologies and innovate to improve operations and solve customer problems, the move to a software-centric model is likely the most unnatural act in driving a digital transformation – and maybe the most pervasive for companies with legacies in traditional manufacturing. In this light, what are the key decisions industrials must make that will impact the companies they will become?
In this podcast, we talk to utility leaders on their view of this journey the role of the intelligent grid in the process and what societal and business value it can deliver, and most importantly how the intelligent grid drives innovation and engagement with citizens
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Our independent podcast series serves as a discussion platform for the biggest concerns from our audience, with an emphasis on interaction and engagement using polls, user-submitted questions and the latest industry insights.