In the last year we’ve seen an uptick in the adoption of new digital tools out of necessity. But companies need to ensure long-time value creation and sustainability in their journeys. This is a difficult task that requires planning and understanding of the processes. That is also why the reads this month are dedicated to innovation, creating value, and sustainable transformation.

A large part of digital transformation is the ability to share data. Together with the industry, we are getting closer to completing the data-sharing blueprint that we will launch at the beginning of next month. In the blueprint, you’ll get an understanding of the value we create through sharing, the capabilities we need to be able to share, and some use-cases in which we can see the benefits of data-sharing. If you’re interested in learning more about the blueprint and being first in line to get access to it when it goes live, you can learn more here.
 
 
This month’s key questions to consider are:
  1. How does your organization innovate to create long-lasting resilience? 
  2. What value are you creating through your digital transformation?
  3. How do you ensure sustainable transformation in your business?
 
 
 

INNOVATION THAT LASTS

 

McKinsey: "Innovation: Your launchpad out of the COVID-19 crisis"

 
Winning the marathon begins with innovation. According to McKinsey, investing heavily in innovation during a crisis can lead to outperforming industry peers who don’t. This article outlines how businesses can achieve this type of innovation, make it sustainable in its growth, and make it last to create change. This is achieved through different tools, whether that be talent, strategy, processes, or leadership. Each of these plays a role in successful innovation.
 
 
 
 

CREATING VALUE PRECEDES CHANGING PROCESSES

 
 

HBR: "Digitizing Isn't the Same as Digital Transformation

 
There is a significant difference between digitizing and digital transformation. Digitizing refers to changing internal processes and the work that you and your team perform. Digital transformations, on the other hand, speak to the value that a company can deliver through new tools and technology. This article provides an in-depth look at a few companies that have transformed their businesses. Industry peers, Komatsu, are used as an example of how digital transformation led to post-pandemic success. Along with examples of other companies, the authors present the actions you can take to succeed with your own digital transformation.
 
 
 
 
PAUSE, EVALUATE, TEACH - THE FORMULA FOR SUSTAINABLE TRANSFORMATION
 

Gartner: "How to Sustain the Accelerated Pace of Digital Business Transformation"

 
Companies that are on the digital transformation journey need to understand what it takes to keep the momentum going. This article from Gartner gives us three points to consider. Pause, evaluate, and teach. By employing those three aspects businesses can expect to keep up with rapid transformation. If companies don’t take time to reflect on the progress that they’ve made, learn from it, and implement the learnings their transformations may not deliver the expected value.
 
 
 
If any of these articles have sparked any ideas or questions that you may have, please reach out to me. Initiating conversation and creating awareness is how we will be able to succeed in our journey of eliminating downtime.
 
- Søren Brogaard, CEO Trackunit
 
 
 
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