Industry
The status quo is changing for most industries as boundaries blur between fields due to innovation, disruption, and digitally-driven change. That’s why keeping abreast of emerging trends in sectors outside your own is vital, not only because your organization’s competitive landscape may be changing, but because there are universal, strategic lessons to learn from the opportunities and threats convergence poses for every marketplace. We examine emerging trends and the impact of evolving tech in key fields such as healthcare, financial services, telco, energy, mobility, and more to help you capitalize on the possibilities of the future while managing the challenges of today.
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Madison White explores how digital transformation in the transportation industry is being combined with automotive digital twins to produce the next generation of autonomous vehicles. She looks at the challenges facing production-scale deployment of digital twins, including digital twin accuracy, connectivity, data accuracy, interoperability/standardization, and trust/security. She concludes with the cost benefits of developing a vehicle using digital twins, including predicting maintenance, and thus lowering cost of ownership during the lifetime of a vehicle, and cleaner air.
Chloé Audigier and Dileep Mangsuli explore digital twins in the medical domain, specifically regarding modeling humans and their care. They explore the complexity of data related to various organs and scenarios, especially how models must be based on the behavior of many people yet personalized to a specific person. Medical digital twins can help predict therapeutic outcomes and how an individual will react to a particular approach. This is a promising field with endless applications and possibilities.
In a recent webinar, Andreas Schlosser, Alan Martinovich, and Philipp Seidel examined the state of the automotive industry and what it might look like after the pandemic. They urged industry players — manufacturers, dealers, distributors, OEMs, and the full supply chain — to make bold decisions right now to be ready for a “new normal.” In this Advisor, we share some of the answers to questions participants asked about the actions carmakers should take now to set themselves up to win in the post-corona era.
The emergence of the IoT has led to a need for different characteristics and technical capabilities in cellular networks, which have continued to develop and will, with the emergence of 5G, address the key needs of the IoT. And with more and more “things” connected, leading to significantly higher connection density, the risk of interference increases. This has been another historical challenge to the IoT that 5G will address. All this means that 5G will enable an entirely new range of applications.
This edition of The Cutter Edge explores architecture tail risk with Parler as an example, how a community bank facilitated change and improved customer loyalty through digitalization, and more!
It is clear to all that COVID-19 has dealt a devastating blow to the economy. The aviation industry, in particular, faces a new reality. While aviation, pre-crisis, was thriving from the waves of globalization and travel commoditization, it was already facing threats such as environmental pressures, unbalanced profit sharing along the value chain, and multiple constraints on operational and business agility. Thus, the recovery phase will be extremely challenging, and we believe future growth will involve nothing less than reinvention of the industry, something that is true of many industries post-pandemic.
Thomas Gossler writes about how a digital ecosystem platform demands a solid architecture for data and infrastructure on top of which a network of stakeholders can engage in valuable interactions with each other. The journey from a pipeline business model to an ecosystem platform is no small feat, and the author shares the approach he and his colleagues at Siemens Healthineers took and the lessons learned in their seven-year digital transformation
The information-dominant financial services (FS) industry has witnessed fractional, fragmented, and transactional digitization compared to entertainment, transportation, travel, lodging, and retail. The FS industry is heavily regulated, consolidated, and has already-built digital capabilities; while the fintech pure plays have shown efficiency, many are built on the same business models as the traditional FS businesses. Thus, a genuinely disruptive model challenging the prominent incumbents of the FS industry has not yet emerged.