The document discusses how companies can address the digital shift by hiring and embedding the right talent. It notes that chief digital officers are hiring data scientists, designers, engineers and other digital experts to drive transformation. However, these digital hubs need to be integrated across the entire organization to ensure changes are not reversed. Companies are hiring talent from different sectors to find solutions rather than domain expertise. The role of the chief digital officer is seen as pivotal but needs senior leadership support to effect widespread transformation.
Strategies for the Age of Digital Disruption #DTR7Capgemini
Since 2000, 52% of companies in the Fortune 500 have either gone bankrupt, been acquired or ceased to exist. These are challenging times for companies as the speed, volume and complexity of change intensify. Disruption can happen at any time, in any sector, and its effect on traditional organizations can be fundamental. This is why we chose to dedicate our seventh edition of the Digital Transformation Review to digital disruptions. How can organizations survive and thrive in the age of digital disruptions? We posed this very question to a panel of industry leaders, academics, startup founders, analysts and technology gurus from three different continents.
Working with our global panel, we have built a detailed picture of the digital disruption phenomenon, probing the key questions that organizations need answers to:
• How can we plan for the emergence of disruptors?
• Why are we seeing so many disruptions?
• How can organizations respond to disruption?
• What shape are these disruptions taking?
• Which startups are likely to emerge to disrupt sector value chains over the coming years?
We hope this edition of the Digital Transformation Review has helped increase understanding of the disruptive and challenging times we live in. Join the conversation on twitter #DTR7
The Financial Times, in partnership with HP, recently held an event in Helsinki to discuss new CIO strategies for the digital age. Topics discussed included customer engagement, consistent delivery of service across all channels, how to deal with unstructured data, and security concerns in an era of BYOD and cloud services. This white paper highlights key discussion points from the event.
Digital Transformation: A $1 Trillion Opportunity (Note: 2015 deck - somewhat...Ketan Kakkad
This is a 2015 deck - somewhat outdated but contextually still very relevant.
According to World Economic Forum, we are in the midst of 4th Industrial Revolution triggered by FUSION of technologies! Convergence of these Digital Technologies is already disrupting existing and well established business models! Please note that this deck has not been touched since early 2016 (uploading just now in mid-2017), so some aspects might be little bit outdated. I would love to hear your thoughts in comments, and do not hesitate if you wish to discuss specifics or engage in a deeper conversation on how we can help you shine through your Digital Journey.
To understand how technology is changing companies – and how the role of the Chief Information Officer is evolving as a consequence – comes down to one thing: figuring out how to change the way you do business to reflect how customers are using technology. This was the conclusion which underlined the discussion at the latest in our series of FT events held in partnership with HP, on the convergence of digital and the customer experience.
The panel was comprised of a mix of CIOs, marketing, brand and sales professionals from some of France’s leading companies. They worked in a range of sectors and industries and yet the challenges – and opportunities – identified by each boiled down the same fundamental questions.
Digital has changed everything about how we do business. Initially, dealing with this was about trying to find a way of putting all transactions online. But now, in the words of one panellist, we are at “the second stage of the digital revolution”. This is all about “the customer journey”, that is building a system that will engage consumers in a way that reflects how individuals want to be approached rather than how companies think they want to be engaged.
In this edition of “The 10 Renowned E-Banking Solution Providers of 2021” we are enlisting organizations that are most renowned for offering reliable and innovative E-Banking Solutions. Featuring on the cover of this edition is VeriPark, a global solutions provider for financial institutions. Since its inception, the company is helping its clients to turn their processes into digital environments. It works collaboratively with clients to develop innovative technology strategies and solutions, touching millions of people every day and bringing the promise of digital transformation to life.
Strategies for the Age of Digital Disruption #DTR7Capgemini
Since 2000, 52% of companies in the Fortune 500 have either gone bankrupt, been acquired or ceased to exist. These are challenging times for companies as the speed, volume and complexity of change intensify. Disruption can happen at any time, in any sector, and its effect on traditional organizations can be fundamental. This is why we chose to dedicate our seventh edition of the Digital Transformation Review to digital disruptions. How can organizations survive and thrive in the age of digital disruptions? We posed this very question to a panel of industry leaders, academics, startup founders, analysts and technology gurus from three different continents.
Working with our global panel, we have built a detailed picture of the digital disruption phenomenon, probing the key questions that organizations need answers to:
• How can we plan for the emergence of disruptors?
• Why are we seeing so many disruptions?
• How can organizations respond to disruption?
• What shape are these disruptions taking?
• Which startups are likely to emerge to disrupt sector value chains over the coming years?
We hope this edition of the Digital Transformation Review has helped increase understanding of the disruptive and challenging times we live in. Join the conversation on twitter #DTR7
The Financial Times, in partnership with HP, recently held an event in Helsinki to discuss new CIO strategies for the digital age. Topics discussed included customer engagement, consistent delivery of service across all channels, how to deal with unstructured data, and security concerns in an era of BYOD and cloud services. This white paper highlights key discussion points from the event.
Digital Transformation: A $1 Trillion Opportunity (Note: 2015 deck - somewhat...Ketan Kakkad
This is a 2015 deck - somewhat outdated but contextually still very relevant.
According to World Economic Forum, we are in the midst of 4th Industrial Revolution triggered by FUSION of technologies! Convergence of these Digital Technologies is already disrupting existing and well established business models! Please note that this deck has not been touched since early 2016 (uploading just now in mid-2017), so some aspects might be little bit outdated. I would love to hear your thoughts in comments, and do not hesitate if you wish to discuss specifics or engage in a deeper conversation on how we can help you shine through your Digital Journey.
To understand how technology is changing companies – and how the role of the Chief Information Officer is evolving as a consequence – comes down to one thing: figuring out how to change the way you do business to reflect how customers are using technology. This was the conclusion which underlined the discussion at the latest in our series of FT events held in partnership with HP, on the convergence of digital and the customer experience.
The panel was comprised of a mix of CIOs, marketing, brand and sales professionals from some of France’s leading companies. They worked in a range of sectors and industries and yet the challenges – and opportunities – identified by each boiled down the same fundamental questions.
Digital has changed everything about how we do business. Initially, dealing with this was about trying to find a way of putting all transactions online. But now, in the words of one panellist, we are at “the second stage of the digital revolution”. This is all about “the customer journey”, that is building a system that will engage consumers in a way that reflects how individuals want to be approached rather than how companies think they want to be engaged.
In this edition of “The 10 Renowned E-Banking Solution Providers of 2021” we are enlisting organizations that are most renowned for offering reliable and innovative E-Banking Solutions. Featuring on the cover of this edition is VeriPark, a global solutions provider for financial institutions. Since its inception, the company is helping its clients to turn their processes into digital environments. It works collaboratively with clients to develop innovative technology strategies and solutions, touching millions of people every day and bringing the promise of digital transformation to life.
The Most Trustworthy Consulting Companies | The Enterprise WorldThe Enterprise World
The Most Trustworthy Consulting Companies 2019 features the stories of a variety of consulting firms that have helped organizations with the right solutions for growth with their range of services.
Get Telecoms Smart with Ovum - Time is Goldenemmersons1
The BBDO Knows team recently attended Ovum’s ‘Smarter strategies for smarter consumers’ event, where the need to save consumer’s time, both today and in the future, was a key theme.
1. How the digital economy relates to the digital business models?
2. What are digital business platforms and how they impact digital transformation?
3. Can Generation C transform your business?
Empowering organizations in a connected world, presentation by Roberto Fernández Hergueta, Social & Connected Business director in the CMO Forum "Emerging Marketing Technology and Trends". 7 May 2015. Lisbon
The Most Trustworthy Consulting Companies | The Enterprise WorldThe Enterprise World
The Most Trustworthy Consulting Companies 2019 features the stories of a variety of consulting firms that have helped organizations with the right solutions for growth with their range of services.
Get Telecoms Smart with Ovum - Time is Goldenemmersons1
The BBDO Knows team recently attended Ovum’s ‘Smarter strategies for smarter consumers’ event, where the need to save consumer’s time, both today and in the future, was a key theme.
1. How the digital economy relates to the digital business models?
2. What are digital business platforms and how they impact digital transformation?
3. Can Generation C transform your business?
Empowering organizations in a connected world, presentation by Roberto Fernández Hergueta, Social & Connected Business director in the CMO Forum "Emerging Marketing Technology and Trends". 7 May 2015. Lisbon
Estimados usuarios. Bienvenidos a nuestro sitio virtual de la UNIVERSIDAD MAGISTER en Slide Share donde podrá encontrar los resultados de importantes trabajos de investigación prácticos producidos por nuestros profesionales. Esperamos que estos Mares Azules que les ponemos a su disposición sirvan de base para otras investigaciones y juntos cooperemos en el Desarrollo Económico y Social de Costa Rica y otras latitudes. Queremos ser enfáticos en que estos trabajos tienen Propiedad Intelectual por lo que queda totalmente prohibida su reproducción parcial o total, así como ser utilizados por otro autor, a excepción de que los compartan como citas de autor o referencias bibliográficas. Toda esta información también quedará a su disposición desde nuestro sitio web www.umagister.com, Disfruten con nosotros de este magno contenido bibliográfico Magister esperando sus amables comentarios, no sin antes agradecer a nuestro Ing. Jerry González quien está administrando este sitio. Rectoría, Universidad Magister. – 2015.
Digital Transformation Review 9: The Digital Strategy Imperative #DTR9Capgemini
In this edition of the Digital Transformation Review, we examine the approaches that organizations can take to crafting a strategy for a digital age, focusing on the following key questions: 1. How do you design a digital strategy in today’s uncertain and volatile world and understand how much reinvention of the organization is required? 2. Should your company become a
platform, or be a part of one? 3. What are the most successful approaches to executing digital strategy – acquisitions, partnerships, Greenfield?
The linking of computers around the world is going to have far reaching effects, and the spread of knowledge, the interchange of ideas and the dissemination of information are going to produce a revolution in our society. Digital business use technology to create new value in business models, customer experiences and the internal capabilities that support its core operations. The term includes both digital only brands and traditional players that are transforming their businesses with digital technologies. the more important benefits derived from developing a digital business include the ability of your organization to rapidly develop and move into new markets uncover and form partnerships reach new customers and expand your brand with new and existing customers as an innovator, among many others. Digital business is about the creation of new business designs by blurring the physical and digital world. It is about the interaction and negotiations between, business, and things. A. Karthik | M. Karthikeyan | P. H. Gopikannan "Digital Business" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-6 , October 2020, URL: https://www.ijtsrd.com/papers/ijtsrd33644.pdf Paper Url: https://www.ijtsrd.com/management/marketing/33644/digital-business/a-karthik
Being Digital, Fast-forward to the Right Digital Strategy Fabio Mittelstaedt
Do my Company have the right Digital Strategy? Is it compelling enough to beat my competitors? Or to conquer the new digital customers from millenniums to baby boomers? Competing in a world shaped by digital technologies requires a fundamentally different approach to how strategies are developed and executed. 55% of business leaders admit that they do not yet have an enterprise-level digital strategy to support their corporate strategy. But there is a difference between developing some digital capabilities or being a digital lead in your industry. Digital disrupts business strategy. Business leaders must consider a new strategic approach.
The digital startup implementation handbook 2018Mondher Khanfir
All what Founders, Mentors and Investors need to know to better design and implement a business model for their digital startup. The eBook contains practical insights on the digital economy, and provides a didactic set of instruments that could be played with an exclusive role game www.mudircards.com
The smac-code-embracing-new-technologies-for-future-business (1)Sumit Roy
Social mobile Analytics and Cloud: How SMAC model is changing and disrupting business across industry. SMAC is not only changing the way markets function , but it also is a pointer that technology today is the biggest tool for innovation,however this is a double edged sword as SMAC is a great enabler. Small companies and the giants both have a level playing field
Potentials of artificial intelligence in digital marketing and financial tech...IAESIJAI
Small and medium enterprises small and medium enterprises (SMEs) play a crucial role in nations’ economy, through job creations, reducing unemployment rate as well as increase the overall productivity and gross domestic product (GDP) of a country. However, most SMEs are often lagging in technology adoption which could be a game changer for their success. SMEs could adopt new technologies to improve their business operations and profitability. They are also useful in supporting SMEs to penetrate international market. This research suggests that implementation of the artificial intelligence (AI) through digital marketing (DM) and financial technology (Fintech) would assist SMEs to be competitive, current in leveraging on technology and increase their overall profitability. Based on secondary data analysis, this paper presents a conceptual framework of determining factors in adoption of AI through digital marketing and Fintech. It contributes to the academic knowledge of AI, DM and Fintech for small businesses, and presents a testable framework that can be replicated and adapted for future empirical study.
In recent years, Capital market players have had to adapt to changing macroeconomics, challenging growth environment and increasing regulatory burden. The advances of digital technology have presented threat as well opportunities for traditional players. This article presents high level analysis of various business models and explores potential instances of a truly digital operating model.
Excellent report by Capgemini Consulting about digital transformation… If you still believe digital is about banners and online advertising, pay a look to this report.
The 5 Biggest Future Technology Trends: Accenture Reveals Their Vision Of Pos...Bernard Marr
What are the key technology trends that will disrupt the next three years? Every year, Accenture produces its technology vision report to predict the tech trends that every company should watch. Here we look at their 2019 research and their top five predictions.
The Digital Advantage: How digital leaders outperform their peers in every in...Capgemini
Capgemini Consulting and the MIT Center for Digital Business Global Research
New digital technologies like social media, mobile, and analytics are advancing rapidly on the economic landscape. These innovations are used widely by consumers and employees alike. Facebook has more than 1 billion users. There are more than 6 billion mobile phones. Employees often have better digital solutions at home than they do at work, and many customers are more technology savvy than the people trying to sell to them.
Executives in every industry – from media to electronics to paint manufacturing – face a bewildering array of new digital opportunities. They are paying attention, but they have few signposts to guide them. Most stories in the business media focus on fast-moving startups like Zynga and Pinterest, or on a few large high-tech firms like Apple, Google, or Amazon. Unfortunately, to many leaders, stories of these nimble and innovative firms just do not make sense for traditional companies that are older, larger, and burdened with inflexible legacies.
We decided to find out what fast-moving digital innovations mean for large traditional companies. In two years of study covering more than 400 large firms, we found that most large firms are already taking action. They are using technologies like social media, mobile, analytics and embedded devices to change their customer engagement, internal operations and even their business models. But few firms have positioned themselves to capture the real business benefits. Our research points to a real “digital advantage” to those that do.
Digital maturity matters. It matters in every industry. And the approaches that digitally mature companies use can be adopted by any company that has the leadership drive to do so.
SMACology i.e. SMAC Technology is the new buzzword reforming the IT industries as well as the skills of technical aspirants. Learn how.
PDF courtesy: KPMG
In today’s business environment, digital transformation has turned into a necessity to cope with persistent business needs of customer acquisition and brand building. However, the prospect of revamping is an opportunity offered by Digitalization and successfully transformed businesses can become industry leaders to dominate the market.
Also, companies should know that disruption is at the core of such a change and the only way to succeed is to create and follow a comprehensive plan. Moreover, the disruptive technologies can be adopted smartly to propel strategic growth.
As the future is all about innovative technologies such as Augmented Reality, IoT, Virtual Reality, etc., digitalization would eventually become the way of life, and the firms that can keep abreast with the digital macrocosm have better chance to succeed.
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
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2. BUSINESS AND THE DIGITAL REVOLUTION
Contents
3
Pages 4-5
Embracing the opportunity
What does the digital revolution mean for
private equity? 3i’s Menno Antal explains
Page 6
No time to stand still
How can companies hire and embed the
right talent to address the digital shift?
Page 7
Tomorrow’s digital leaders
Why the Chief Digital Officer role is
evolving so rapidly
Pages 8-9
The new digital economy
Visualising the trends reshaping the
business landscape
Pages 10-11
Making better decisions
From manufacturing to the high street, data
analytics is radically altering business strategy
Pages 12-13
Technology is changing the game
Gi Fernando, founder of digital transformation
company, Freeformers, explores how artificial
intelligence and robots are changing
our world and our jobs
Page 14
The power of power
Why 3i’s portfolio company, Euro-Diesel,
is set to benefit from data growth
H
G
F
E D
C
B
A
56%
52%
51%
49%41%
37%
23%
24%
3. BUSINESS AND THE DIGITAL REVOLUTION
Contents
3
Pages 4-5
Embracing the opportunity
What does the digital revolution mean for
private equity? 3i’s Menno Antal explains
Page 6
No time to stand still
How can companies hire and embed the
right talent to address the digital shift?
Page 7
Tomorrow’s digital leaders
Why the Chief Digital Officer role is
evolving so rapidly
Pages 8-9
The new digital economy
Visualising the trends reshaping the
business landscape
Pages 10-11
Making better decisions
From manufacturing to the high street, data
analytics is radically altering business strategy
Pages 12-13
Technology is changing the game
Gi Fernando, founder of digital transformation
company, Freeformers, explores how artificial
intelligence and robots are changing
our world and our jobs
Page 14
The power of power
Why 3i’s portfolio company, Euro-Diesel,
is set to benefit from data growth
H
G
F
E D
C
B
A
56%
52%
51%
49%41%
37%
23%
24%
4. Embracing the
opportunity
4 5
The key is to build
digital into your
investment strategy
rather than reinvent it
BUSINESS AND THE DIGITAL REVOLUTION
What does the digital
revolution mean for
private equity? 3i’s
Menno Antal explains
lenge facing a business on an evolutionary path,” says
Menno Antal, managing partner and co-head of private
equity at 3i. “The key is to build digital into your invest-
ment strategy rather than reinvent it. We spend time
thinking about how more traditional business models
can learn from more digitally advanced ones and vice
versa – it’s mutually beneficial.”
Mr Antal cites meetings held with contacts in Silicon
Valley to share ideas and best practice. “We had a
fascinating discussion recently with Airbnb, for exam-
ple. While they have come at the market from a differ-
ent angle to Audley Travel, a leader in worldwide tai-
lor-made holidays and one of 3i’s portfolio companies,
there were clear shared learnings, especially around the
need to personalise the customer experience,” he says.
“All travel businesses need to understand their custom-
ers better and by building deep online relationships with
them, they will be able to tailor their offers more success-
fully, however digitally advanced their business model.
“Broadly speaking, we are seeing a convergence
of modern and more traditional business models
across sectors.”
He references an example from 3i’s portfolio, Aspen,
a specialised mini pump designer, manufacturer and
distributor, which has developed a new digital sensing
technology for its pumps.
Becoming a digital forerunner
There are two typical approaches for private equity
investors in the digital space. The more familiar route is
to tackle the burgeoning technology, “digital-first” sec-
tor. The other, more untapped approach is in non-digital
companies where digital can be used to create value.
A key opportunity for 3i, as a private equity house
focused on mid-market companies across the con-
sumer, business services and industrials sectors, lies
in those mid-sized companies that accept they face
a digital journey, recognise they are at risk of being
disrupted, yet do not have the capability to transform
by themselves. “This is where I see a lot of value being
created by private equity,” says Mr Antal.
And devising and executing a digital strategy goes
beyond setting up e-commerce platforms. Mike Tobin,
entrepreneur and former chief executive of Telecity, says:
“A real digital vision requires a complex and ever-chang-
ing set of levers to equip a business to succeed in the
new digital world, and the capability of the business to
take advantage of them.
“It’s easy to say that ‘we have a digital strategy as we
have a great transactional website’, but it’s so much
more than that. You need a coherent omnichannel
strategy, product and service innovation, digitisation of
workflows, and improved real-time management infor-
mation and systems, to name a few.
“Successfully creating and implementing such a vision
can be a challenge, especially in a world that for the
first time in history not only looks to improve business
models constantly, but also to disrupt them actively. Yet
ore than ever, private equity investors need to
understand fully where potential investments
sit on their digital journey in order to support
and advise appropriately. It almost goes without saying
that, regardless of sector, all businesses will face a
level of disruption at some stage. Is this a threat or an
opportunity?
“From a private equity perspective, understanding the
digital challenge is really no different to any other chal-
it is essential if you are to future-proof your business.”
Mr Antal explains: “At 3i, we continue to develop
our own digital strategy and network. We constantly
challenge ourselves to think not only about big-picture
trends and themes, but also to take a granular approach
and consider the individual impact on sectors across
our portfolio, and what ‘good’ looks like in each.
“As well as bringing our portfolio companies together
to share knowledge and experience, we also deepen
our own insight by learning from industry leaders. For
example, a recent team meeting was held at McLaren’s
UK head offices to observe how they apply innovative
technology to drive improved performance across both
products and services.”
The cost of not addressing digital change is high. “As
an investor, it’s imperative to be alive to these trends
and recognise their impact. There are no sectors or
companies that we would look to invest in now without
considering the impact of digital on the business,” Mr
Antal concludes.
M
Menno Antal
Managing partner and co-head
of private equity 3i
From a private equity
perspective, understanding
the digital challenge is really
no different to any other
challenge facing a business
on an evolutionary path
HOW DIGITISATION TRANSFORMS INDUSTRIES
Source: McKinsey
The position of an industry on this curve depends on the degree
to which companies and customers within it have embraced
digitisation. While conceptual, the curve shows how laggard
incumbents have already disappeared from industries in which
digital disruption began early, such as traditional media.
In industries where digitisation is less pervasive
but more a gathering force, there is still time for
incumbents to adapt and survive
TIPPING POINT
New trends emerge
Innovative startups
create disruptive
business models
Early adopters
embrace the new
models
Advanced
incumbents
begin to adapt
Mainstream
customers adopt
NEW NORMAL:
Advanced incumbents,
established startups
LAGGARD
INCUMBENTS
drop off
Time
5. Embracing the
opportunity
4 5
The key is to build
digital into your
investment strategy
rather than reinvent it
BUSINESS AND THE DIGITAL REVOLUTION
What does the digital
revolution mean for
private equity? 3i’s
Menno Antal explains
lenge facing a business on an evolutionary path,” says
Menno Antal, managing partner and co-head of private
equity at 3i. “The key is to build digital into your invest-
ment strategy rather than reinvent it. We spend time
thinking about how more traditional business models
can learn from more digitally advanced ones and vice
versa – it’s mutually beneficial.”
Mr Antal cites meetings held with contacts in Silicon
Valley to share ideas and best practice. “We had a
fascinating discussion recently with Airbnb, for exam-
ple. While they have come at the market from a differ-
ent angle to Audley Travel, a leader in worldwide tai-
lor-made holidays and one of 3i’s portfolio companies,
there were clear shared learnings, especially around the
need to personalise the customer experience,” he says.
“All travel businesses need to understand their custom-
ers better and by building deep online relationships with
them, they will be able to tailor their offers more success-
fully, however digitally advanced their business model.
“Broadly speaking, we are seeing a convergence
of modern and more traditional business models
across sectors.”
He references an example from 3i’s portfolio, Aspen,
a specialised mini pump designer, manufacturer and
distributor, which has developed a new digital sensing
technology for its pumps.
Becoming a digital forerunner
There are two typical approaches for private equity
investors in the digital space. The more familiar route is
to tackle the burgeoning technology, “digital-first” sec-
tor. The other, more untapped approach is in non-digital
companies where digital can be used to create value.
A key opportunity for 3i, as a private equity house
focused on mid-market companies across the con-
sumer, business services and industrials sectors, lies
in those mid-sized companies that accept they face
a digital journey, recognise they are at risk of being
disrupted, yet do not have the capability to transform
by themselves. “This is where I see a lot of value being
created by private equity,” says Mr Antal.
And devising and executing a digital strategy goes
beyond setting up e-commerce platforms. Mike Tobin,
entrepreneur and former chief executive of Telecity, says:
“A real digital vision requires a complex and ever-chang-
ing set of levers to equip a business to succeed in the
new digital world, and the capability of the business to
take advantage of them.
“It’s easy to say that ‘we have a digital strategy as we
have a great transactional website’, but it’s so much
more than that. You need a coherent omnichannel
strategy, product and service innovation, digitisation of
workflows, and improved real-time management infor-
mation and systems, to name a few.
“Successfully creating and implementing such a vision
can be a challenge, especially in a world that for the
first time in history not only looks to improve business
models constantly, but also to disrupt them actively. Yet
ore than ever, private equity investors need to
understand fully where potential investments
sit on their digital journey in order to support
and advise appropriately. It almost goes without saying
that, regardless of sector, all businesses will face a
level of disruption at some stage. Is this a threat or an
opportunity?
“From a private equity perspective, understanding the
digital challenge is really no different to any other chal-
it is essential if you are to future-proof your business.”
Mr Antal explains: “At 3i, we continue to develop
our own digital strategy and network. We constantly
challenge ourselves to think not only about big-picture
trends and themes, but also to take a granular approach
and consider the individual impact on sectors across
our portfolio, and what ‘good’ looks like in each.
“As well as bringing our portfolio companies together
to share knowledge and experience, we also deepen
our own insight by learning from industry leaders. For
example, a recent team meeting was held at McLaren’s
UK head offices to observe how they apply innovative
technology to drive improved performance across both
products and services.”
The cost of not addressing digital change is high. “As
an investor, it’s imperative to be alive to these trends
and recognise their impact. There are no sectors or
companies that we would look to invest in now without
considering the impact of digital on the business,” Mr
Antal concludes.
M
Menno Antal
Managing partner and co-head
of private equity 3i
From a private equity
perspective, understanding
the digital challenge is really
no different to any other
challenge facing a business
on an evolutionary path
HOW DIGITISATION TRANSFORMS INDUSTRIES
Source: McKinsey
The position of an industry on this curve depends on the degree
to which companies and customers within it have embraced
digitisation. While conceptual, the curve shows how laggard
incumbents have already disappeared from industries in which
digital disruption began early, such as traditional media.
In industries where digitisation is less pervasive
but more a gathering force, there is still time for
incumbents to adapt and survive
TIPPING POINT
New trends emerge
Innovative startups
create disruptive
business models
Early adopters
embrace the new
models
Advanced
incumbents
begin to adapt
Mainstream
customers adopt
NEW NORMAL:
Advanced incumbents,
established startups
LAGGARD
INCUMBENTS
drop off
Time
6. According to Clare Hill, managing director at
global change management business Sysdoc,
digital transformation needs to come from the top
down.
Open-minded leaders are essential, not just to
recognise the benefits that come with embracing
change and having the conviction and gravitas to
engage their management teams, but because with
higher digital uptake comes greater transparency
and this can be a difficult hurdle to overcome.
“To really drive digital transformation, CDOs are
hiring data scientists, analysts, designers, user-ex-
perience experts, product managers, engineers, and
digital marketers.” says Ms Hill.
While the rise of the chief transformation officer
(CTO) or chief digital officer (CDO) might be perme-
ating most sectors, having a single evangelist is just
the beginning.
Clare Johnston, co-chief executive and founder of
executive search firm The Up Group, says the CDO is
just the tip of the talent iceberg.
“To really drive digital transformation, CDOs are
hiring data scientists, analysts, designers, user-ex-
perience experts, product management, engineer-
ing, online and digital marketing. Those are the
sorts of skills and talents in demand because often
traditional organisations have never done product
development, they’ve only had an IT department.”
Hiring the talent is one thing, but embedding it
across the business is the next challenge.
Sean Cornwell, CDO at Travelex, heeds caution
to companies whose digital hub operates as a
silo, suggesting it is too easy for an organisation to
reverse on its digital journey.
“You need to make digital relevant to the whole
organisation. If it is just the cool kids sitting in the
corner, it’s very easy to turn your back,” he says. “Whereas embarking on a fully integrated end-to-
end change programme, incorporating data science,
human resources, finance and the whole organisa-
tional structure, not just by particular product lines,
this is how you can drive change through the entire
company.”
Marrying the traditional with the more digital-savvy
tends to work; Ms Johnston says being sector-agnostic
is the favoured approach.
“We rarely, if ever, source just from one vertical,” she
says. “We are always sourcing digital talent across
sectors and that is definitely a feature of digital as
opposed to more traditional hiring.”
She points to more traditional sectors, such as finan-
cial services, which are hiring in from more creative,
tech-savvy, consumer-centric industries.
“You’re trying to provide solutions for engaging with
customers or synergies around product, not solve the
domain expertise. Whether it’s financial services, retail
or travel, they will already have that within the organi-
sation,” says Ms Johnston.
“Whereas if a retailer is trying to drive volume and
user experience, that might come from online travel,
financial services, gaming... the list goes on.”
How can companies hire and
embed the right talent to
address the digital shift?
In today’s changing commercial environment,
the position of chief digital officer (CDO) is the
pivotal point on which a company’s digital trans-
formation succeeds or fails.
However, Clare Johnston, co-chief execu-
tive and founder of specialist digital executive
search firm The Up Group, believes fundamental
to the success of a CDO is their rank within the
corporate hierarchy.
“If the CDO reports directly to the chief exec-
utive, this signifies the company is taking digital
transformation seriously,” says Ms Johnston.
To effect the level of change often desired,
very senior leadership is required, feeding into
the transformation of systems, culture, pro-
cesses, talent and development, measurement,
and entire ways of working, as well as user
experience, she says.
“It’s important to have a senior CDO as
opposed to them sitting a few levels down,
reporting to a chief marketing officer or a chief
technology officer, because digital transforma-
tion is central to how a business operates,” says
Ms Johnston.
Sean Cornwell, CDO at Travelex, says the role
is often created by frustrated chief executives
seeking catalysts for change.
“Other C-suite roles are seldom able to drive
the required change because they are not
broad-reaching enough,” he says. “I think these
roles will be with us for a few years, but they are
ultimately temporary as digitisation becomes
part of every employee’s DNA. You wouldn’t catch
Google or Facebook talking about a CDO – they’d
be laughed out of the room.”
Those recruited as CDOs will often have grown
up in pure-play digital businesses, yet in order
to be effective at driving transformation, they
need to be able to communicate in a more tradi-
tional environment.
“There will be organ rejection,” says Ms John-
ston, who describes the optimum CDO candidate
as someone with multichannel experience,
across digital and traditional.
Why the Chief Digital Officer
role is evolving so rapidly
6 7
urope is facing widespread digital transfor-
mation, driven from multiple angles – start-
ups, blue chips wanting to nurture innovation,
independent technology hubs and consultancies all
chasing a slice of the pie.
And what an opportunity it is. With the exception of
digital heartlands, such as London, Stockholm, Ber-
lin and Madrid, much of Europe is dragging its feet in
terms of embracing digital. According to McKinsey, if
all Europe’s laggards doubled their digital efforts, €2.5
trillion could be added to the continent’s gross domestic
product by 2025, boosting GDP by 1 per cent a year
over the next decade.
So how do we get there? Who do we need in the
driving seat?
E
BUSINESS AND THE DIGITAL REVOLUTION
THE NEED FOR A CDO DURING EACH PHASE OF THE DIGITAL REVOLUTION
DIGITAL LEADERSHIP IS NOT A ONE-PERSON JOB
Source: The Economist Group
One C-level executive Two or more executives
51% 49%
Laggards
35%
Leaders
65%
Change within an
industry sector
due to digital
Need for CDO
within an industry
No time to
stand still
T OMOR RO W ’ S
DIGI T A L L EA DER S
Source: Strategy and analysis
Discovery
Company has begun to use
digital applications but with
no co-ordination or scale
Construction
Company sets a vision
for digital transformation,
defines initiatives, structures
a program, sets standards
Industrialisation
Company transforms IT
function, scales its data
analytics, runs digital
applications for most
functions
Transformation
Digital is the norm, all
functions and supply
chains are digital
Levelofdigitisation
Time
7. According to Clare Hill, managing director at
global change management business Sysdoc,
digital transformation needs to come from the top
down.
Open-minded leaders are essential, not just to
recognise the benefits that come with embracing
change and having the conviction and gravitas to
engage their management teams, but because with
higher digital uptake comes greater transparency
and this can be a difficult hurdle to overcome.
“To really drive digital transformation, CDOs are
hiring data scientists, analysts, designers, user-ex-
perience experts, product managers, engineers, and
digital marketers.” says Ms Hill.
While the rise of the chief transformation officer
(CTO) or chief digital officer (CDO) might be perme-
ating most sectors, having a single evangelist is just
the beginning.
Clare Johnston, co-chief executive and founder of
executive search firm The Up Group, says the CDO is
just the tip of the talent iceberg.
“To really drive digital transformation, CDOs are
hiring data scientists, analysts, designers, user-ex-
perience experts, product management, engineer-
ing, online and digital marketing. Those are the
sorts of skills and talents in demand because often
traditional organisations have never done product
development, they’ve only had an IT department.”
Hiring the talent is one thing, but embedding it
across the business is the next challenge.
Sean Cornwell, CDO at Travelex, heeds caution
to companies whose digital hub operates as a
silo, suggesting it is too easy for an organisation to
reverse on its digital journey.
“You need to make digital relevant to the whole
organisation. If it is just the cool kids sitting in the
corner, it’s very easy to turn your back,” he says. “Whereas embarking on a fully integrated end-to-
end change programme, incorporating data science,
human resources, finance and the whole organisa-
tional structure, not just by particular product lines,
this is how you can drive change through the entire
company.”
Marrying the traditional with the more digital-savvy
tends to work; Ms Johnston says being sector-agnostic
is the favoured approach.
“We rarely, if ever, source just from one vertical,” she
says. “We are always sourcing digital talent across
sectors and that is definitely a feature of digital as
opposed to more traditional hiring.”
She points to more traditional sectors, such as finan-
cial services, which are hiring in from more creative,
tech-savvy, consumer-centric industries.
“You’re trying to provide solutions for engaging with
customers or synergies around product, not solve the
domain expertise. Whether it’s financial services, retail
or travel, they will already have that within the organi-
sation,” says Ms Johnston.
“Whereas if a retailer is trying to drive volume and
user experience, that might come from online travel,
financial services, gaming... the list goes on.”
How can companies hire and
embed the right talent to
address the digital shift?
In today’s changing commercial environment,
the position of chief digital officer (CDO) is the
pivotal point on which a company’s digital trans-
formation succeeds or fails.
However, Clare Johnston, co-chief execu-
tive and founder of specialist digital executive
search firm The Up Group, believes fundamental
to the success of a CDO is their rank within the
corporate hierarchy.
“If the CDO reports directly to the chief exec-
utive, this signifies the company is taking digital
transformation seriously,” says Ms Johnston.
To effect the level of change often desired,
very senior leadership is required, feeding into
the transformation of systems, culture, pro-
cesses, talent and development, measurement,
and entire ways of working, as well as user
experience, she says.
“It’s important to have a senior CDO as
opposed to them sitting a few levels down,
reporting to a chief marketing officer or a chief
technology officer, because digital transforma-
tion is central to how a business operates,” says
Ms Johnston.
Sean Cornwell, CDO at Travelex, says the role
is often created by frustrated chief executives
seeking catalysts for change.
“Other C-suite roles are seldom able to drive
the required change because they are not
broad-reaching enough,” he says. “I think these
roles will be with us for a few years, but they are
ultimately temporary as digitisation becomes
part of every employee’s DNA. You wouldn’t catch
Google or Facebook talking about a CDO – they’d
be laughed out of the room.”
Those recruited as CDOs will often have grown
up in pure-play digital businesses, yet in order
to be effective at driving transformation, they
need to be able to communicate in a more tradi-
tional environment.
“There will be organ rejection,” says Ms John-
ston, who describes the optimum CDO candidate
as someone with multichannel experience,
across digital and traditional.
Why the Chief Digital Officer
role is evolving so rapidly
6 7
urope is facing widespread digital transfor-
mation, driven from multiple angles – start-
ups, blue chips wanting to nurture innovation,
independent technology hubs and consultancies all
chasing a slice of the pie.
And what an opportunity it is. With the exception of
digital heartlands, such as London, Stockholm, Ber-
lin and Madrid, much of Europe is dragging its feet in
terms of embracing digital. According to McKinsey, if
all Europe’s laggards doubled their digital efforts, €2.5
trillion could be added to the continent’s gross domestic
product by 2025, boosting GDP by 1 per cent a year
over the next decade.
So how do we get there? Who do we need in the
driving seat?
E
BUSINESS AND THE DIGITAL REVOLUTION
THE NEED FOR A CDO DURING EACH PHASE OF THE DIGITAL REVOLUTION
DIGITAL LEADERSHIP IS NOT A ONE-PERSON JOB
Source: The Economist Group
One C-level executive Two or more executives
51% 49%
Laggards
35%
Leaders
65%
Change within an
industry sector
due to digital
Need for CDO
within an industry
No time to
stand still
T OMOR RO W ’ S
DIGI T A L L EA DER S
Source: Strategy and analysis
Discovery
Company has begun to use
digital applications but with
no co-ordination or scale
Construction
Company sets a vision
for digital transformation,
defines initiatives, structures
a program, sets standards
Industrialisation
Company transforms IT
function, scales its data
analytics, runs digital
applications for most
functions
Transformation
Digital is the norm, all
functions and supply
chains are digital
Levelofdigitisation
Time
8. DIGITAL TRANSFORMATION AND INDUSTRY MATURITY
Source: Heads’ and Deloitte
Retail
ICT media
Banking
Insurance
Education
Real
estate
Construction
Mining, oil, gas,
chemicals
Government
Agriculture
Transportation
Healthcare
Utilities
Manufacturing
Leisure
50
45
40
35
30
25
20
15
10
5
1 2 3 4
Impact%ofchangeinbusiness
Timing (years)
LONG FUSE, BIG BANG
LONG FUSE, SMALL BANGSHORT FUSE, SMALL BANG
Food
services
SHORT FUSE, BIG BANG
Professional services
H
G
F
E D
C
B
A
56%
52%
51%
49%41%
37%
23%
24%
WHAT IS THE PRIMARY GOAL FOR YOUR
ORGANISATION’S DIGITAL TRANSFORMATION?
Source: Economist Intelligence Unit survey
Maintain or achieve market
leadership in our industry
55%36%
Improve customer satisfaction,
loyalty and retention
53%54%
Improve operational
efficiency
51%55%
Complement or diversify
our core business
39%39%
Disrupt our core business before
it is disrupted by others
34%19%
Enhance or demonstrate our
ability to innovate
17%21%
Strengthen regulatory compliance
and ability to manage risk
9%18%
Assess the impact of digital as it related to customer experience
Establish new digital governance and transformation management
Clearly define digital ownership, funding and operations
Create digital-oriented collaboration/joint ventures with new or existing
business partners
Transform our IT systems to make them more agile for the digital world
Create a skunkworks or a group separate from the main company to
experiment with digital initiatives
Create “smarter” and more digitally aware connected products or services
Hire a C-level executive who is focused on digital
ACTIONS YOUR BUSINESS IS TAKING TO ADDRESS
THE IMPACT OF DIGITAL DISRUPTION IN THE COMING YEAR
Source: Forrester
A
B
C
D
E
F
G
H
CAPTURED DIGITISATION POTENTIAL
Source: Forrester
United States
Europe
United Kingdom
France
Netherlands
Germany
Sweden
Italy
18% 17% 15% 15%
10%10%12%12%
Behind the curve Ahead of the curve
The new digital economy
Visualising the trends reshaping the business landscape
9. DIGITAL TRANSFORMATION AND INDUSTRY MATURITY
Source: Heads’ and Deloitte
Retail
ICT media
Banking
Insurance
Education
Real
estate
Construction
Mining, oil, gas,
chemicals
Government
Agriculture
Transportation
Healthcare
Utilities
Manufacturing
Leisure
50
45
40
35
30
25
20
15
10
5
1 2 3 4
Impact%ofchangeinbusiness
Timing (years)
LONG FUSE, BIG BANG
LONG FUSE, SMALL BANGSHORT FUSE, SMALL BANG
Food
services
SHORT FUSE, BIG BANG
Professional services
H
G
F
E D
C
B
A
56%
52%
51%
49%41%
37%
23%
24%
WHAT IS THE PRIMARY GOAL FOR YOUR
ORGANISATION’S DIGITAL TRANSFORMATION?
Source: Economist Intelligence Unit survey
Maintain or achieve market
leadership in our industry
55%36%
Improve customer satisfaction,
loyalty and retention
53%54%
Improve operational
efficiency
51%55%
Complement or diversify
our core business
39%39%
Disrupt our core business before
it is disrupted by others
34%19%
Enhance or demonstrate our
ability to innovate
17%21%
Strengthen regulatory compliance
and ability to manage risk
9%18%
Assess the impact of digital as it related to customer experience
Establish new digital governance and transformation management
Clearly define digital ownership, funding and operations
Create digital-oriented collaboration/joint ventures with new or existing
business partners
Transform our IT systems to make them more agile for the digital world
Create a skunkworks or a group separate from the main company to
experiment with digital initiatives
Create “smarter” and more digitally aware connected products or services
Hire a C-level executive who is focused on digital
ACTIONS YOUR BUSINESS IS TAKING TO ADDRESS
THE IMPACT OF DIGITAL DISRUPTION IN THE COMING YEAR
Source: Forrester
A
B
C
D
E
F
G
H
CAPTURED DIGITISATION POTENTIAL
Source: Forrester
United States
Europe
United Kingdom
France
Netherlands
Germany
Sweden
Italy
18% 17% 15% 15%
10%10%12%12%
Behind the curve Ahead of the curve
The new digital economy
Visualising the trends reshaping the business landscape
10. Making
better
decisions
oday’s data-driven world sees us generate 2.5
quintillion bytes every day, with IBM estimat-
ing that 90 per cent of the world’s data was
created in the past two years.
What does the daily onslaught of social media con-
tent, increasingly intuitive and connected devices,
artificial intelligence and cloud-based software mean
for businesses, and how does it translate to a compa-
ny’s bottom line?
International Data Corporation predicts that by 2020
organisations able to analyse effectively all their rele-
vant data and deliver “actionable” information from it
will achieve an extra $430 billion in productivity bene-
fits. So the financial potential is clearly huge.
For Andrea Peyracchia, digital partner at McKinsey,
the greatest opportunity lies in the business-to-busi-
ness space. Here, he says, it is no longer about the raw
data, but about harnessing and internalising its use to
ensure improved efficiencies across production and
manufacturing, logistics and distribution, and ultimately
the end-customer experience, be that industry, whole-
sale, retail or end-user.
“By working with partners and integrating the supply
chain you can use data to cut lead times and stock levels
aggressively or even launch new business models. You
can use predictive maintenance data to reduce machin-
ery downtime or hedge the cost of fuel, buying when oil is
low and vice versa to maximise margins,” he says.
In the consumer sphere, the opportunity is equally
vast. Our desire for continuous connectivity has brought
major changes to the way we work and play. When
shopping, consumers are using both digital and phys-
ical channels when they buy. Google estimates that
more than 85 per cent of UK and US shoppers research
online before making an offline purchase. This means it
is ever-more important for consumer-facing companies
to understand how various devices, channels and media
influence buying decisions.
Location location location
Mobile devices continue to grow in importance for retail.
While people do purchase from mobile devices, they
are currently used more for price comparison, reading
reviews, sharing or cross-referencing on social media.
According to Google, searches on mobiles that included
“near me” increased threefold in 2015 and this trend is
showing no signs of slowing.
Tom Salmon, partner in 3i’s private equity team, sees
mobile usage permeating the whole retail experience,
such as through “stickers” on garment tags to help
retailers understand their customers’ engagement with
but they won’t necessarily think about the business
decision they’re trying to solve. So there’s a big piece
around leadership,” he says.
Mr Salmon gives an example of how 3i is exploring
this with its portfolio companies. “We recently held a
customer analytics workshop here in London,” he says.
“We brought together chief marketing officers from
across our consumer portfolio companies, as well as
network contacts from leading technology companies,
including Google, Facebook and Instagram, to debate
how companies can ensure they are addressing the
customer analytics agenda effectively.”
Key takeaways? Start small, focus on your mini-
mum viable product (MVP) and getting new ideas out,
then learn and move on. An MVP is a product with just
enough features to gather validated learning; it won’t be
perfect, but can be less expensive and less risky than
developing a product with more features, and a good
way to become a little less wrong every day.
As Vince Darley, chief scientist at King.com, points
out, data is meaningless on its own. “It must be coupled
with a customer-centric focus and used to understand
customer behaviours and needs. There is a wealth
of data out there, so focusing on the relevant data,
together with the underlying story, is paramount if you
are going to improve the customer journey in a meaning-
ful way,” he says.
“You need to experiment, you need to understand
the results and then move quickly to respond. It is this
innovation, failing fast, constant evolution and fast turn-
around that are key in discovering great things.”
their merchandise. Rather than just relying on sales
data, this can help inventory management, and enable
more effective store planning.
“At the moment, customer journeys around a store are
largely based on anecdotal evidence from retail staff.
What we are starting to see is that process becoming
much more data-driven, enabling retailers to become
more sophisticated in how they merchandise stores,”
Salmon suggests.
This can lead to significant changes. For example,
Honest Café, a UK coffee shop chain, is using cognitive
analytics from IBM to explore vending machine transac-
tions, payments and weather data, find correlations and
suggest previously unseen patterns in customer behav-
iour. As a result, Honest Café is now transforming its
store layouts to encourage longer visits and upselling.
Omnichannel
The digital journey for many retailers is increasingly
about offering an omnichannel experience. In making
the customer central to the strategy, the channel itself
becomes less relevant, while the customer’s convenience
and enriched personalised experience take priority. John
Lewis believes omnichannel customers are three to four
times as valuable as a single-channel customer.
Both showrooming, where customers browse in-store
and then buy online, and webrooming, where customers
research online and then buy in-store, are increasingly
popular. According to Forrester, webrooming will result
in $1.8 trillion in sales by 2017 compared with an esti-
mated total e-commerce sales figure of $370 billion.
Harnessing data
Capturing the data is one thing, but how it is used and
by whom often presents the bigger challenge. 3i’s Mr
Salmon believes it is crucial that data sits in the hands
of the people owning the business decisions, rather than
the hands of the most technically competent.
“The IT team might craft the best software solution,
T
EXTENSIVE USE OF CUSTOMER ANALYTICS DRIVES
CORPORATE PERFORMANCE HEAVILY
Percentage of companies above competition
l No extensive use of customer analytics
l Extensive use of customer analytics Source: McKinseyCompany
28
28
25
26
54
51
53
56
+93%
+82%
+112%
+115%
Profit
Sales
Sales growth
Return on investment
10 11
85%+of UK and US shoppers
research online before
making an offline purchase
source: Google
£430bnforecast productivity
benefits by 2020 from
effectively analysing data
source: International Data Corporation
From manufacturing to the high
street, data analytics is radically
altering business strategy
BUSINESS AND THE DIGITAL REVOLUTION
11. Making
better
decisions
oday’s data-driven world sees us generate 2.5
quintillion bytes every day, with IBM estimat-
ing that 90 per cent of the world’s data was
created in the past two years.
What does the daily onslaught of social media con-
tent, increasingly intuitive and connected devices,
artificial intelligence and cloud-based software mean
for businesses, and how does it translate to a compa-
ny’s bottom line?
International Data Corporation predicts that by 2020
organisations able to analyse effectively all their rele-
vant data and deliver “actionable” information from it
will achieve an extra $430 billion in productivity bene-
fits. So the financial potential is clearly huge.
For Andrea Peyracchia, digital partner at McKinsey,
the greatest opportunity lies in the business-to-busi-
ness space. Here, he says, it is no longer about the raw
data, but about harnessing and internalising its use to
ensure improved efficiencies across production and
manufacturing, logistics and distribution, and ultimately
the end-customer experience, be that industry, whole-
sale, retail or end-user.
“By working with partners and integrating the supply
chain you can use data to cut lead times and stock levels
aggressively or even launch new business models. You
can use predictive maintenance data to reduce machin-
ery downtime or hedge the cost of fuel, buying when oil is
low and vice versa to maximise margins,” he says.
In the consumer sphere, the opportunity is equally
vast. Our desire for continuous connectivity has brought
major changes to the way we work and play. When
shopping, consumers are using both digital and phys-
ical channels when they buy. Google estimates that
more than 85 per cent of UK and US shoppers research
online before making an offline purchase. This means it
is ever-more important for consumer-facing companies
to understand how various devices, channels and media
influence buying decisions.
Location location location
Mobile devices continue to grow in importance for retail.
While people do purchase from mobile devices, they
are currently used more for price comparison, reading
reviews, sharing or cross-referencing on social media.
According to Google, searches on mobiles that included
“near me” increased threefold in 2015 and this trend is
showing no signs of slowing.
Tom Salmon, partner in 3i’s private equity team, sees
mobile usage permeating the whole retail experience,
such as through “stickers” on garment tags to help
retailers understand their customers’ engagement with
but they won’t necessarily think about the business
decision they’re trying to solve. So there’s a big piece
around leadership,” he says.
Mr Salmon gives an example of how 3i is exploring
this with its portfolio companies. “We recently held a
customer analytics workshop here in London,” he says.
“We brought together chief marketing officers from
across our consumer portfolio companies, as well as
network contacts from leading technology companies,
including Google, Facebook and Instagram, to debate
how companies can ensure they are addressing the
customer analytics agenda effectively.”
Key takeaways? Start small, focus on your mini-
mum viable product (MVP) and getting new ideas out,
then learn and move on. An MVP is a product with just
enough features to gather validated learning; it won’t be
perfect, but can be less expensive and less risky than
developing a product with more features, and a good
way to become a little less wrong every day.
As Vince Darley, chief scientist at King.com, points
out, data is meaningless on its own. “It must be coupled
with a customer-centric focus and used to understand
customer behaviours and needs. There is a wealth
of data out there, so focusing on the relevant data,
together with the underlying story, is paramount if you
are going to improve the customer journey in a meaning-
ful way,” he says.
“You need to experiment, you need to understand
the results and then move quickly to respond. It is this
innovation, failing fast, constant evolution and fast turn-
around that are key in discovering great things.”
their merchandise. Rather than just relying on sales
data, this can help inventory management, and enable
more effective store planning.
“At the moment, customer journeys around a store are
largely based on anecdotal evidence from retail staff.
What we are starting to see is that process becoming
much more data-driven, enabling retailers to become
more sophisticated in how they merchandise stores,”
Salmon suggests.
This can lead to significant changes. For example,
Honest Café, a UK coffee shop chain, is using cognitive
analytics from IBM to explore vending machine transac-
tions, payments and weather data, find correlations and
suggest previously unseen patterns in customer behav-
iour. As a result, Honest Café is now transforming its
store layouts to encourage longer visits and upselling.
Omnichannel
The digital journey for many retailers is increasingly
about offering an omnichannel experience. In making
the customer central to the strategy, the channel itself
becomes less relevant, while the customer’s convenience
and enriched personalised experience take priority. John
Lewis believes omnichannel customers are three to four
times as valuable as a single-channel customer.
Both showrooming, where customers browse in-store
and then buy online, and webrooming, where customers
research online and then buy in-store, are increasingly
popular. According to Forrester, webrooming will result
in $1.8 trillion in sales by 2017 compared with an esti-
mated total e-commerce sales figure of $370 billion.
Harnessing data
Capturing the data is one thing, but how it is used and
by whom often presents the bigger challenge. 3i’s Mr
Salmon believes it is crucial that data sits in the hands
of the people owning the business decisions, rather than
the hands of the most technically competent.
“The IT team might craft the best software solution,
T
EXTENSIVE USE OF CUSTOMER ANALYTICS DRIVES
CORPORATE PERFORMANCE HEAVILY
Percentage of companies above competition
l No extensive use of customer analytics
l Extensive use of customer analytics Source: McKinseyCompany
28
28
25
26
54
51
53
56
+93%
+82%
+112%
+115%
Profit
Sales
Sales growth
Return on investment
10 11
85%+of UK and US shoppers
research online before
making an offline purchase
source: Google
£430bnforecast productivity
benefits by 2020 from
effectively analysing data
source: International Data Corporation
From manufacturing to the high
street, data analytics is radically
altering business strategy
BUSINESS AND THE DIGITAL REVOLUTION
12. Technology is
changing the game
Gi Fernando, founder of digital
transformation company, Freeformers,
explores how artificial intelligence and
robots are changing our world and our jobs
“magically schedule meetings” by bringing together
artificial intelligence and human empathy.
Empathy, I firmly believe, is one of the final challenges
for automation and robotics to take over from humans
alongside, perhaps, creativity.
There have been examples of predictive text genera-
tors that have tried to masquerade as creative writing,
but even the least observant of eyes can usually spot
the imposter a mile off.
Whether using virtual assistants or driverless Ubers,
the rules are changing. As widespread automation,
network-based businesses and data-centric models
infiltrate all sectors, and as artificial intelligence (AI)
becomes cheaper, this will only move in one direction.
Who’s at risk?
Categorised into four main skills – machine-learning,
natural language processing (NLP), vision and speech
my, can you find a slot in my diary for a meet-
ing with Barclays?”
“Sure, Gi, would you prefer morning or
afternoon?”
“Mornings are best. Other than that I’m flexible…”
A normal e-mail conversation between PA and execu-
tive, you presume. Or is it?
Amy, in this case, doesn’t exist. She’s the brainchild
of Dennis Mortensen, whose company x.ai claims to
“A
Why employ a human when
a robot can do your job
quicker, and potentially
better than you,for no pay?
– AI is not just about tackling the mundane tasks that
“grease the wheels” of the more interesting aspects of
day-to-day jobs; the robots are entering the professions.
For example, because there are rules and patterns
applied, the legal system is actually quite easy for a
computer to tackle.
AI Ross is IBM’s evolution of its earlier cognitive com-
puter, Watson, and is an AI attorney designed to help
lawyers with legal research.
As 80 per cent of Americans can’t afford a lawyer,
through machine-learning and NLP, the efficiencies and
benefits of Ross are obvious.
It can handle contract reviews, case research and
drafting of legal documents, among other tasks. It can
be used for crafting and rehearsing oral arguments
ahead of court appearances, including scanning legal
publications for up-to-the-minute court decisions that
could prove relevant to a case.
The impact of new technology is already having a
devastating impact on employment as organisations are
forced to adapt. In 2000, the financial services industry
employed 150,000 people in New York. By 2013, that
number had dropped to 100,000. Over the same period,
Wall Street’s profits have soared. Up to 70 per cent of all
equity trades are now executed by algorithms.
Any job that is in some way routine or predictable will
soon be in danger. Why employ a human when a robot
can do your job quicker, and potentially better than you,
for no pay?
So what’s next?
Game-changing technology is being introduced at a
rapid pace across all industry sectors. Ideas previously
thought of as science fiction will soon become reality as
businesses are digitally transformed. A recent exam-
ple is GlaxoSmithKline’s creation of a new company
to research, develop and commercialise bioelectronic
medicines, which will see bioelectronic implants
replacing traditional drugs for chronic conditions such
as diabetes. Further examples include cryptocurrencies
and quantum computing.
Chief executives face a stark choice – adapt to this
new digital reality or risk their business no longer being
relevant to tomorrow’s consumer.
12 13
BUSINESS AND THE DIGITAL REVOLUTION
Peak of Inflated
Expectations
Innovation
Trigger
Smart Dust
Virtual Personal Assistants
Digital Security
People-Literate Technology
Bioacoustic Sensing
Quantum Computing
Brain-Computer Interface
Human Augmentation
Volumetric Displays
Enterprise 3D Printing
3D Bioprinting Systems
for Organ Transplants
Gesture Control
Smart Robots
Virtual Reality
Affective Computing
Autonomous Field Vehicles
Connected Home
Cryptocurrency Exchange
IoT Platform
Augmented Reality
Biochips
Hybrid Cloud Computing
Citizen Data Science
Natural-Language Question Answering
Neurobusiness
Consumer 3D PrintingSoftware-defined Security
Cryptocurrencies
Digital Dexterity
Wearables
Micro Data Centers
Machine Learning
Smart Advisors
Speech-to-Speech Translation
Advanced Analytics with
Self-Service Delivery
Autonomous Vehicles
Internet of Things
Trough of
Disillusionment
Slope of
Enlightenment
Plateau of
Productivity
EMERGING TECHNOLOGY HYPE CYCLE
Years to mainstream adoption
l less than two years
l 2-5 years
l 5-10 years
l more than 10 years
l obsolete before plateau
Source: Gartner
Time
Expectations
13. Technology is
changing the game
Gi Fernando, founder of digital
transformation company, Freeformers,
explores how artificial intelligence and
robots are changing our world and our jobs
“magically schedule meetings” by bringing together
artificial intelligence and human empathy.
Empathy, I firmly believe, is one of the final challenges
for automation and robotics to take over from humans
alongside, perhaps, creativity.
There have been examples of predictive text genera-
tors that have tried to masquerade as creative writing,
but even the least observant of eyes can usually spot
the imposter a mile off.
Whether using virtual assistants or driverless Ubers,
the rules are changing. As widespread automation,
network-based businesses and data-centric models
infiltrate all sectors, and as artificial intelligence (AI)
becomes cheaper, this will only move in one direction.
Who’s at risk?
Categorised into four main skills – machine-learning,
natural language processing (NLP), vision and speech
my, can you find a slot in my diary for a meet-
ing with Barclays?”
“Sure, Gi, would you prefer morning or
afternoon?”
“Mornings are best. Other than that I’m flexible…”
A normal e-mail conversation between PA and execu-
tive, you presume. Or is it?
Amy, in this case, doesn’t exist. She’s the brainchild
of Dennis Mortensen, whose company x.ai claims to
“A
Why employ a human when
a robot can do your job
quicker, and potentially
better than you,for no pay?
– AI is not just about tackling the mundane tasks that
“grease the wheels” of the more interesting aspects of
day-to-day jobs; the robots are entering the professions.
For example, because there are rules and patterns
applied, the legal system is actually quite easy for a
computer to tackle.
AI Ross is IBM’s evolution of its earlier cognitive com-
puter, Watson, and is an AI attorney designed to help
lawyers with legal research.
As 80 per cent of Americans can’t afford a lawyer,
through machine-learning and NLP, the efficiencies and
benefits of Ross are obvious.
It can handle contract reviews, case research and
drafting of legal documents, among other tasks. It can
be used for crafting and rehearsing oral arguments
ahead of court appearances, including scanning legal
publications for up-to-the-minute court decisions that
could prove relevant to a case.
The impact of new technology is already having a
devastating impact on employment as organisations are
forced to adapt. In 2000, the financial services industry
employed 150,000 people in New York. By 2013, that
number had dropped to 100,000. Over the same period,
Wall Street’s profits have soared. Up to 70 per cent of all
equity trades are now executed by algorithms.
Any job that is in some way routine or predictable will
soon be in danger. Why employ a human when a robot
can do your job quicker, and potentially better than you,
for no pay?
So what’s next?
Game-changing technology is being introduced at a
rapid pace across all industry sectors. Ideas previously
thought of as science fiction will soon become reality as
businesses are digitally transformed. A recent exam-
ple is GlaxoSmithKline’s creation of a new company
to research, develop and commercialise bioelectronic
medicines, which will see bioelectronic implants
replacing traditional drugs for chronic conditions such
as diabetes. Further examples include cryptocurrencies
and quantum computing.
Chief executives face a stark choice – adapt to this
new digital reality or risk their business no longer being
relevant to tomorrow’s consumer.
12 13
BUSINESS AND THE DIGITAL REVOLUTION
Peak of Inflated
Expectations
Innovation
Trigger
Smart Dust
Virtual Personal Assistants
Digital Security
People-Literate Technology
Bioacoustic Sensing
Quantum Computing
Brain-Computer Interface
Human Augmentation
Volumetric Displays
Enterprise 3D Printing
3D Bioprinting Systems
for Organ Transplants
Gesture Control
Smart Robots
Virtual Reality
Affective Computing
Autonomous Field Vehicles
Connected Home
Cryptocurrency Exchange
IoT Platform
Augmented Reality
Biochips
Hybrid Cloud Computing
Citizen Data Science
Natural-Language Question Answering
Neurobusiness
Consumer 3D PrintingSoftware-defined Security
Cryptocurrencies
Digital Dexterity
Wearables
Micro Data Centers
Machine Learning
Smart Advisors
Speech-to-Speech Translation
Advanced Analytics with
Self-Service Delivery
Autonomous Vehicles
Internet of Things
Trough of
Disillusionment
Slope of
Enlightenment
Plateau of
Productivity
EMERGING TECHNOLOGY HYPE CYCLE
Years to mainstream adoption
l less than two years
l 2-5 years
l 5-10 years
l more than 10 years
l obsolete before plateau
Source: Gartner
Time
Expectations
14. The power
of power
With Euro-Diesel’s clients ranging from data centres to
hospitals, from security trading floors to air traffic con-
trol, the importance of a constant power supply is clear.
Euro-Diesel’s proprietary DRUPS system is designed
to kick in if the main power grid cuts out, providing
kinetic energy via a flywheel for a short period, and ena-
bling the diesel engine to start and provide continuous
power, if necessary.
In some cases, such a blip might only last for a micro-
second, yet its impact can be huge, as Olivier van Riet
Paap, director in 3i’s private equity team, based in the
Benelux region, points out.
“Take an air traffic control system, for example. It
is absolutely vital that it receives constant power.
Euro-Diesel, as a provider of alternative constant power
in the event that the grid fails, is responsible for that
continuity,” he says.
He recalls how several years ago, even a momentary
power outage could cause havoc, costing millions, or in
a worst-case scenario, lives.
He highlights three key criteria clients consider when
evaluating an uninterrupted power system solution:
reliability, efficiency and the environment.
These days, the proprietary software behind
Euro-Diesel’s DRUPS system has been significantly
improved and can rapidly assess whether an outage is
just a blip or whether the grid is expected to be out for
longer. Historically, a diesel engine was started for most
outages. However, now, thanks to improved software,
many short outages can be covered by kinetic energy
from the flywheel, avoiding the need to start the diesel
engine. This clearly has significant benefits in terms of
improved cost efficiency and environmental impact.
The mind may boggle at the enormity of today’s data
generation, its pace of growth and the challenges that
brings, yet where we cannot afford to lose our heads is
over guarantees of power. As Euro-Diesel stands today,
it recognises a fairly recent challenge. For the data cen-
tre and therefore the co-location provider of tomorrow,
power guarantees underpin their entire business model.
For all parties involved, such assurance is paramount.
ith the surge in data generation taking place,
the need for data management will only rise,
so more data centres will be required and the
co-location sector will continue to grow. A co-location
centre is a data facility in which a business can rent
space for servers and other computing hardware.
An increase in outsourcing followed the global finan-
cial crisis as enterprises, particularly smaller ones,
struggled to support their own data centres for cost
reasons and cost is still largely the driver for growth in
the sector today. In addition, the exponential rise of big
data, combined with a closer focus on the environmen-
tal impact, has seen the co-location sector booming
and the trend looks only to be moving in one direction.
One beneficiary of this trend is Euro-Diesel, a leading
provider of Diesel Rotary Uninterruptable Power Supply
(DRUPS) systems, and a 3i portfolio company.
While co-location is its key growth driver, Euro-Diesel
is also benefiting from the increasing unreliability of
the grid, not only in developing markets, but in devel-
oped markets, such as the United States, where some
infrastructure is ageing. In parts of Europe, the rise
of renewables, such as wind energy, is creating more
fluctuation in the grid.
W
Why 3i’s portfolio company, Euro-Diesel,
is set to benefit from data growth
With Euro-Diesel’s
clients ranging
from data centres
to hospitals, the
importance of a
constant power
supply is clear
14
BUSINESS AND THE DIGITAL REVOLUTION
15. The power
of power
With Euro-Diesel’s clients ranging from data centres to
hospitals, from security trading floors to air traffic con-
trol, the importance of a constant power supply is clear.
Euro-Diesel’s proprietary DRUPS system is designed
to kick in if the main power grid cuts out, providing
kinetic energy via a flywheel for a short period, and ena-
bling the diesel engine to start and provide continuous
power, if necessary.
In some cases, such a blip might only last for a micro-
second, yet its impact can be huge, as Olivier van Riet
Paap, director in 3i’s private equity team, based in the
Benelux region, points out.
“Take an air traffic control system, for example. It
is absolutely vital that it receives constant power.
Euro-Diesel, as a provider of alternative constant power
in the event that the grid fails, is responsible for that
continuity,” he says.
He recalls how several years ago, even a momentary
power outage could cause havoc, costing millions, or in
a worst-case scenario, lives.
He highlights three key criteria clients consider when
evaluating an uninterrupted power system solution:
reliability, efficiency and the environment.
These days, the proprietary software behind
Euro-Diesel’s DRUPS system has been significantly
improved and can rapidly assess whether an outage is
just a blip or whether the grid is expected to be out for
longer. Historically, a diesel engine was started for most
outages. However, now, thanks to improved software,
many short outages can be covered by kinetic energy
from the flywheel, avoiding the need to start the diesel
engine. This clearly has significant benefits in terms of
improved cost efficiency and environmental impact.
The mind may boggle at the enormity of today’s data
generation, its pace of growth and the challenges that
brings, yet where we cannot afford to lose our heads is
over guarantees of power. As Euro-Diesel stands today,
it recognises a fairly recent challenge. For the data cen-
tre and therefore the co-location provider of tomorrow,
power guarantees underpin their entire business model.
For all parties involved, such assurance is paramount.
ith the surge in data generation taking place,
the need for data management will only rise,
so more data centres will be required and the
co-location sector will continue to grow. A co-location
centre is a data facility in which a business can rent
space for servers and other computing hardware.
An increase in outsourcing followed the global finan-
cial crisis as enterprises, particularly smaller ones,
struggled to support their own data centres for cost
reasons and cost is still largely the driver for growth in
the sector today. In addition, the exponential rise of big
data, combined with a closer focus on the environmen-
tal impact, has seen the co-location sector booming
and the trend looks only to be moving in one direction.
One beneficiary of this trend is Euro-Diesel, a leading
provider of Diesel Rotary Uninterruptable Power Supply
(DRUPS) systems, and a 3i portfolio company.
While co-location is its key growth driver, Euro-Diesel
is also benefiting from the increasing unreliability of
the grid, not only in developing markets, but in devel-
oped markets, such as the United States, where some
infrastructure is ageing. In parts of Europe, the rise
of renewables, such as wind energy, is creating more
fluctuation in the grid.
W
Why 3i’s portfolio company, Euro-Diesel,
is set to benefit from data growth
With Euro-Diesel’s
clients ranging
from data centres
to hospitals, the
importance of a
constant power
supply is clear
14
BUSINESS AND THE DIGITAL REVOLUTION