Digital Transformation in Practice : Learning from IIC Deployments
standardized supply chain data format , which can be further extended to support other industrial asset tracking applications as well .
BOTTOM LINE
Figure 4 High-level system architecture of the VAT test drive
The VAT test drive can improve supply-chain resiliency , traceability , and predictability effectively by creating the trust fabric among all the stakeholders . The innovative and advanced technologies developed in the VAT test drive are critical for an organization ensuring data security and trustworthiness and keeping a competitive advantage during its digital transformation journey .
The digital transformation journey reveals swarms of innovation in business models that could offer transformative value and new services . Business model innovation would be combined with product innovation or process innovation . Because digital transformation in industry is made possible with innovations combining IT and OT , leveraging connected things to transform processes and operations and produce better outcomes 10 , a new business model in industries cannot be found through simple efforts of discovering the model . The business models are gradually discovered through complex trial and error of integrating IT and OT and out of efforts to offer new services leveraging connected things .
10
Morrish , J ., Zarkout ( Ed .) Digital Transformation in Industry White Paper , including B . Morrish , J ., Zarkout , B ., A . Ferraro , C . Lim , S . Lin as authors , 2020 , Boston , Industry IoT Consortium .
https :// iiconsortium . org / pdf / Digital _ Transformation _ in _ Industry _ Whitepaper _ 2020-07-23 . pdf
IIC Journal of Innovation 67