A big problem with machine learning is the notion that it’s a black box. The production or logistics process is fully “sensored” up and the black box tells operators what to do. There is no understanding nor clarity about the logic behind the instructions. Many developers are now designing new machine learning algorithms that are…
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Here’s a fundamental test for your company’s Digital Transformation in 2020. First, on the negative side – What elements of your offering are going to see a deterioration in revenue or price due to digital disintermediation/automation during 2020? (For example, most stock broking firms had to let go of their transactional costs in 2019 and…
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We’ve done many digital intensity assessments and technology roadmaps that would justify a critical look at the relationship between digital deployment and employment. It is true that digitization disintermediates required human activity, not only in many rote work environments, but also in complex, decision-making processes. It is also true that digital deployment requires a very…
Read MoreCybersecurity is considered one of the biggest threats to the world economy, but according to Australian researchers at State of Play, it will take a catastrophic event for it to be taken seriously in the mining industry. Through interviews, survey and deep analysis of Australia’s largest mining and service companies, including BHP, Rio Tinto, South32,…
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Digital Platform businesses have dominated market attention for many years now. The internet itself is the ultimate platform of our age and it’s the breeding ground for the evolution and proliferation of more and more digital platforms. Whereas, traditional methods of production and distribution were often limited to “push” strategies, with significant effort and resources…
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With the increased importance of technology and digital enablement across all industries, the once quiet realm of IT needs additional focus and strategic alignment. It’s increasingly important that the technology function within the organization executes effectively on priorities, and operates efficiently within cost constraints. Many companies offer tools and engagements to benchmark or evaluate an…
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If research shows that an offensive strategy adds about 5% to your EBITDA, and a defensive strategy reduces EBITDA by about 1.5%, and that 15.5% of the players that have deployed offensive platform strategies have reported extremely better results, how does one future-proof an offensive strategy in a highly volatile and unpredictable business environment? The…
Read MoreIn a world first, Australian researchers at global management consulting firm VCI have uncovered the direct relationship between innovation strategies and total shareholder return in the mining industry, the results of which have been published in the global report – State of Play: Delivering strategy and innovation. Through interviews, survey and deep analysis of 399…
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Scenario Planning is an unique method to add to your strategic planning tool kit. It’s a process of developing various alternative futures and devising ways to help manage uncertainties. Scenario Planning directly contributes to both visioning and strategic planning by providing a broader view of the world now and into the future. Scenarios tend to…
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Last month, we referenced the importance of the Executive setting clear strategic imperatives as the driver of Digital Transformation. This approach is essential for the company to realize true achievements in digitization, and not succumb to a bottom-up approach full of technical specs and schedules. For the past 3+ years, VCI has been working closely…
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