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Strategies for digital transformation success – our new report shares the 6 golden rules

The world is getting more and more connected: people, offices, industrial sites and the devices we use daily at work and at home. The transformative potential this holds for business and society is boundless, allowing us to solve problems like never before. But how do we get there? Our new report shares strategies for digital transformation success.

Senior Director of Global IoT Marketing

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Senior Director of Global IoT Marketing

Senior Director of Global IoT Marketing

We’ve been speaking with leaders who have already applied digitally transformative technology to change both their business and society. They’re creating safer work environments, improving customer experience by enabling greater customization and personalization, reducing their environmental impact, and developing new revenue streams.

It’s from these insights that we developed the Connected Enterprises report and our 6 golden rules for digital transformation success. Leading enterprises share how they leverage cellular connectivity to improve efficiency and productivity, while lowering operating costs and environmental impact.

Navigate to a better future with cellular technology

In order to remain competitive, create better experiences and services, increase efficiency and even achieve sustainability goals, businesses need to become connected. New opportunities and revenue streams are constantly emerging but to realize the possibilities and bring them to life, enterprises need connectivity that is global, reliable and secure.

“You’ll see how IoT and cellular connectivity like 4G and 5G are making things possible that were impossible in the past.” Dr. Henning Löser, Senior Manager, Audi Production Lab.

Our report looks at impactful initiatives taken from conversations, featured in the Ericsson Talking IoT podcast, with leaders in companies who have achieved digital transformation.

Don’t have time to listen to the podcast episodes? Our report condenses 25+ hours of conversations to quickly understand how:

  • Globe Tracker is changing food transportation and reducing food loss by using the global coverage that cellular technology provides. They’re now able to track and monitor a complex ecosystem of sensor-equipped containers at every stage of their journey, ensuring they arrive on time and in good condition.
  • Grundfos, the world’s largest pump manufacturer, uses cellular technology to optimize energy consumption and sell maintenance as a service. As a result of making their pumps intelligent, they’ve seen a 60% increase in energy efficiency.

Get the technical and operational fundamentals you need to know in order to be successful in your digital transformation strategy. Our report:

  • Delivers expert advice on topics including adopting the right business approach and how to attain buy-in from decision makers.
  • Explains why legacy standards like Wi-Fi cannot accommodate extreme device density and the resulting, high-bandwidth data requirements.
  • Shares industry specific insights from leaders in manufacturing, ports and automotive

The 6 golden rules for digital transformation success

We have compiled the six best strategies from the conversations with industry leaders, and what they found attributed to their successful journeys. Our “6 golden rules” will help guide you on your journey and learn from those who went before you.

Put the customer first, not the product: In order to help your business digitally transform and reach its goals, you must have a clear understanding of what success looks like and whether or not you’re actually solving customer problems. Put your customers center stage, step into their shoes and speak their language.

As Tanner Folk, CEO of agtech provider, IntraGrain, said: “Make sure you understand your audience and you’re providing solutions to solve real world problems.”

Capture the data opportunity: It’s important to capture and transport data effectively and securely with cellular, so that it can be analyzed and turned into actionable insights, like a warning to farmers that their stored grains are at risk for spoilage.

Start small then scale up: You’ll get to read about how the CEO of HMS, a leader in industrial communications, started small and scaled up. And from AT&T’s Chief Product & Platform Officer, you’ll learn about “failing fast” and how operating similar to a start-up – acting fast, acting early, and testing often – can help drive outcomes.

Embrace new ways of working to stay ahead: Digital transformation leaders must understand that the new ways of doing things will be the only path forward, and that being static means being left behind. Cellular connectivity will help you challenge the status quo, scale and build an agile business.

Don’t do it alone: Understand how to best collaborate with partners and read about the pitfalls to avoid when creating the right ecosystem.

Don’t compromise on security: Dive deep into the importance of security and understand why so many enterprises use cellular technology to provide a coordinated approach, including product security, deployment, operations and management, incident-handling capabilities, traffic encryption, and protection of signaling and interfaces.

The possibilities that IoT, 4G and 5G create for enterprises are limitless but, most importantly, the potential for changing our world for the better has never been so promising. IoT-enabled products and profitable, innovative business models are no longer dreams – our customers are making them happen right now.

As Dr. Henning Löser, senior manager of Audi Production Lab says: “By doing this, all of us together, right now, we are actually shaping the future. We’re making things possible that were impossible in the past.”

 

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