How do industry related technologies support digital capabilities?

In today’s rapidly evolving digital landscape, organizations are expected to invest in technologies that can effectively support their digital transformation initiatives. To achieve this, they must have a thorough understanding of the specific capabilities required to enable transformation within their business model. With the rise of the fourth industrial revolution, digital capabilities have become increasingly crucial, as they are closely intertwined with technology. Therefore, it is essential to align and integrate these concepts to establish clear connections between digital capabilities and the technologies/applications that enable them. I will use the digital capabilities published by Jace Ann (An 2018) as vehicle for analysing which technologies support such capabilities. The intended output from this research will comprise of (a) matrix that will link the different technologies to each other, (b) a meta model that formalizes the concepts in the matrix and displays their relationships.

Answer & Explanation

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Industry-related technologies play a critical role in supporting digital capabilities across various sectors. Here are some ways in which industry-related technologies support digital capabilities:

Automation: Automation technologies such as robotics, Artificial Intelligence (AI), and Machine Learning (ML) are revolutionizing industries. They help automate repetitive tasks, reduce errors, and enhance efficiency. These technologies support digital capabilities by enabling companies to operate in a more data-driven, connected, and agile manner.

Cloud Computing: Cloud computing technology provides companies with the ability to access digital resources on-demand, such as data storage, computing power,

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and software applications, through the internet. This technology supports digital capabilities by providing a flexible, scalable, and cost-effective means of deploying and managing digital resources.

Internet of Things (IoT): The IoT is a network of physical devices that are embedded with sensors, software, and connectivity, allowing them to exchange data with other devices and systems. This technology supports digital capabilities by enabling real-time monitoring, analysis, and control of physical assets and processes, leading to enhanced efficiency and productivity.

Virtual and Augmented Reality (VR/AR): VR and AR technologies enable the creation of immersive, interactive, and engaging digital experiences. They support digital capabilities by providing a means of visualizing, testing, and simulating products and processes in a virtual environment, leading to faster innovation and improved decision-making.

Blockchain: Blockchain is a distributed ledger technology that enables secure and transparent transactions between parties. It supports digital capabilities by providing a means of securely storing and sharing data, leading to enhanced trust, transparency, and accountability.

In summary, industry-related technologies support digital capabilities by enabling companies to operate in a more connected, data-driven, and agile manner, leading to enhanced efficiency, productivity, and innovation.

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