INDUSTRY X . 0
APAC businesses could
decrease costs by up to 27 %
per employee
and increase their market
capitalization by an average of 28 %
Innovate New Business Models Industry X . 0 organisations should ideate and make business models to drive differentiated value for their customers and new income streams for themselves .
Create a Digital-ready Workforce Industry X . 0 organisations should source , train , and conserve digital-ready skills and foster collaboration between people and machines .
Re-architect New Ecosystems Industry X . 0 organisations should make a robust ecosystem of suppliers , wholesalers , new companies , and customers that permits them to scale new business plans across the digital value chain quickly .
Pivot Wisely Industry X . 0 organisations should constantly balance speculation and asset designation between the fundamental business and the new business to synchronise development and development .
Wrapping Up Looking closely at how Industry 4.0 operates , it treats different technologies such as big data , IoT , and AI in silos . Industry X . O helps us in connecting all of these technologies to transform how businesses work and operate . The primary differentiator between Industry 4.0 and Industry X . O is that the latter helps organisations create a strategic business case and roadmap for digital transformation and assist them with kickstarting , prototyping , realising value , industrialising , and eventually sustaining their digital journey . Though Industry X . O might be relatively a new concept , organisations that take this road will be the leaders of a digital world tomorrow . miningglobal . com 69