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"g-f" fishing of golden knowledge (GK) of the fabulous treasure of the digital age, Digital Transformation (8/19/2021) g-f(2)426

Opportunity, The Digital Twin (DT) Opportunity, MIT SMR

Fundamentally, a Digital Twin (DT) is a dynamic model of a physical system that enables fast and creative experimentation at very low cost and risk.
Now, thanks to a confluence of technological advances, DTs are at an intriguing inflection point — transitioning from that specialized, tactical domain to becoming strategic tools with diverse applications.
What if we could stop the next pandemic in its tracks? What if we could cut global energy consumption and greenhouse gas emissions by a third? What if pediatricians could better treat ill or injured children in remote rural clinics? DTs may be able to help us address such grand challenges successfully.
The Digital Twin Opportunity, Pushkar P. Apte and Costas J. Spanos, August 11, 2021, MIT Sloan Management Review, MIT SMR.

Opportunity, Four Steps to Increase Returns on Your Digital Investments, EY-Parthenon, HBR

Clearly, organizations that get their digital transformation efforts right are reaping significant rewards. Companies worldwide are expected to invest $6.8 trillion in digital transformation between 2020 and 2023.
EY worked with the utility to develop a digital strategy, capabilities, and a multiyear transformation roadmap—all while communicating across the organization to ensure digital adoption and new ways of working. The result: the company is receiving top rankings for customer and employee satisfaction and is on track to improve efficiency by 5% to 15% while also increasing earnings per share.
Four Steps to Increase Returns on Your Digital Investments, EY-Parthenon, August 18, 2021, HBR.

Opportunity, Disrupting Health Care from the Inside: How Incumbents Can Lead Change, Knowledge@Wharton

Outsider attempts to reinvent health care have done little to move the needle despite billions invested in promising concepts like Microsoft’s HealthVault, IBM’s Watson Health, Theranos, Google’s Contact Lens, Drugstore.com, and more recently Helix and Haven.
Maybe they failed to recognize that the health care industry has its own immune system that makes it extremely difficult to change from the outside.
Disrupting Health Care from the Inside: How Incumbents Can Lead Change, Scott Snyder, August 17, Knowledge@Wharton.

Opportunity, Marked for Disruption, Deep in Denial: Law Firms at a Crossroads, Insead Knowledge

The greatest threat to the survival of law firms isn’t technological, but psychological.
Two words – Amazon Law – encapsulate the beginning of a disruption which will have consequences not only on a single industry but also at a societal level. An unconscious threat to the identity of one of the world’s oldest professions starts to creep in from different angles.
Marked for Disruption, Deep in Denial: Law Firms at a Crossroads, Alexander Fruehmann and Roger Lehman, July 8, 2021, Insead Knowledge.

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The big picture of the digital age
Opportunities those travelling at high speed on GKPath

Opportunity, The Digital Twin (DT) Opportunity, MIT SMR

Fundamentally, a Digital Twin (DT) is a dynamic model of a physical system that enables fast and creative experimentation at very low cost and risk.
Now, thanks to a confluence of technological advances, DTs are at an intriguing inflection point — transitioning from that specialized, tactical domain to becoming strategic tools with diverse applications.
What if we could stop the next pandemic in its tracks? What if we could cut global energy consumption and greenhouse gas emissions by a third? What if pediatricians could better treat ill or injured children in remote rural clinics? DTs may be able to help us address such grand challenges successfully.
The Digital Twin Opportunity, Pushkar P. Apte and Costas J. Spanos, August 11, 2021, MIT Sloan Management Review, MIT SMR.

Opportunity, Four Steps to Increase Returns on Your Digital Investments, EY-Parthenon, HBR

Clearly, organizations that get their digital transformation efforts right are reaping significant rewards. Companies worldwide are expected to invest $6.8 trillion in digital transformation between 2020 and 2023.
EY worked with the utility to develop a digital strategy, capabilities, and a multiyear transformation roadmap—all while communicating across the organization to ensure digital adoption and new ways of working. The result: the company is receiving top rankings for customer and employee satisfaction and is on track to improve efficiency by 5% to 15% while also increasing earnings per share.
Four Steps to Increase Returns on Your Digital Investments, EY-Parthenon, August 18, 2021, HBR.

Opportunity, Disrupting Health Care from the Inside: How Incumbents Can Lead Change, Knowledge@Wharton

Outsider attempts to reinvent health care have done little to move the needle despite billions invested in promising concepts like Microsoft’s HealthVault, IBM’s Watson Health, Theranos, Google’s Contact Lens, Drugstore.com, and more recently Helix and Haven.
Maybe they failed to recognize that the health care industry has its own immune system that makes it extremely difficult to change from the outside.
Disrupting Health Care from the Inside: How Incumbents Can Lead Change, Scott Snyder, August 17, Knowledge@Wharton.

Opportunity, Marked for Disruption, Deep in Denial: Law Firms at a Crossroads, Insead Knowledge

The greatest threat to the survival of law firms isn’t technological, but psychological.
Two words – Amazon Law – encapsulate the beginning of a disruption which will have consequences not only on a single industry but also at a societal level. An unconscious threat to the identity of one of the world’s oldest professions starts to creep in from different angles.
Marked for Disruption, Deep in Denial: Law Firms at a Crossroads, Alexander Fruehmann and Roger Lehman, July 8, 2021, Insead Knowledge.

Category 2: The Big Picture of the Digital Age

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Tag Opportunities those travelling at high speed on GKPath

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