BUSINESS TRANSFORMATION

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In this month’s lead feature, we consider the dynamics of smart cities and the underlying layer of Internet of Things or IoT enablement. Ask any veteran industrial engineer and they will say the world of sensors has existed for many decades, way before the term IoT was coined, in their ecosystem of operations.

But when you digitize those industrial sensors and get the incoming digital data to interoperate with other digital systems and applications, through wireless and wired networks, then you get an entirely different set of use cases, powerful, complex, productive, and most important driving ESG.

Points out IDC’s Krishna Chinta, IoT has the potential to reduce carbon emissions by over 60 gigatons by the year 2030, that is if all the industries choose to participate. And the last part, is one of the primary inhibitors that is stalling the roll out of smart cities and IoT and also the benefits into zero emissions.

Points out Chinta, IoT represents one of the most complex value chain systems given the multitude of technologies and technology players that are involved in delivering the solutions. IoT is a highly fragmented market and is tightly knitted with involvement of hardware, software, services, connectivity players.

While getting the various solutions partners to talk to each other, is one side of the challenge, the other side is making the wholesome work productively. In case of largescale IoT implementations, it is necessary to bring in a master systems integrator to orchestrate multiple vendors. Data privacy and security is also a key challenge holding back IoT roll outs.

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Improving sustainability of cities is an urgent priority, adds Advait Thakur from Orange Business Services. Intelligent cities offer our best hope in meeting the challenge of climate change. According to EY research, digital twins could reduce a building’s carbon emissions by 50%.

Also in this edition, we present the second set of consolidated content on the business transformation outlook for 2023.

In this section, Stephen Gill at Heriot-Watt University Dubai says, as an offshoot of the hybrid way of working, there will be an acceleration in the development of virtual workspaces. Developments in virtual technology are expected to transform digital employee experience starting from this year onwards.

However, all may not be well inside organisational life. A survey by Gartner showed that employees are growing resistant to change. With digital transformation, economic uncertainty and rapid changes across multiple fronts, employees have experienced change fatigue. Organisational design and change management will remain a top priority in 2023.

For much more on the 2023 business outlook, we welcome you to turn the pages ahead.

Good luck in your readings and may they add productive moments to your business.

Arun Shankar arun@gecmediagroup.com