Digital Transformation Why it's important to your organization?

Marc Petock, Vice President, Marketing Lynxspring & Connexx Energy Contributing Editor

Digital transformation is changing and reshaping our business world.  Just as the industrial revolution revolutionized entire sectors of the economy, so is digital transformation. It is changing the landscape in which buildings operate today and will continue to do so.

Digital transformation can be defined as the acceleration of business and operational activities, processes, competencies and models to fully leverage the changes and opportunities of digital technologies and their impact in a strategic and prioritized way. Furthermore, digital transformation aggregates OT and IT practices into a common platform of people, processes, best practices, and services specifically designed to deliver critical business and operational needs and priorities in a cost-effective and timely manner.

While past technological revolutions were driven by hardware and software applications, digital transformation for us is driven by edge devices that are smarter; more powerful, the Cloud, analytics and data enlightenment.

Digital transformation is contributing to a significant shift in the way we connect and access information, make decisions, manage and operate buildings. It is enabling us to expand our reach to a range of equipment and devices in a variety of new applications and redistribute and process data at the edge, in the Fog, in a lake and in a Cloud.

Digital transformation is empowering us to take advantage of data----- data coming from everywhere and from any device. With data, we are further extending the delivery of lowering operating costs, driving better performance (both operationally and financially),driving the conservation of energy and creating better occupant experiences. By blending traditional building operational assets, services, and interactions and unlocking new digital technologies, business models, and relationships, digital transformation is redefining market structures and stakeholder relationships. This rapidly unfolding landscape requires new strategies and approaches to both current and emerging realities.

[an error occurred while processing this directive] As businesses transform their business and operational models through digital transformation, they need to rely on flexible, cost effective, secured building and facility solutions and services that specifically deliver the tangible business benefits they desperately need and expect.

Equally, today’s businesses must remain flexible and responsive to shifting priorities. While not all strategic pathways to navigate this digital transformation will be appropriate for all businesses across all markets, those that acknowledge the power of digital transformation will have an advantage. Digital transformation is reshaping our industry. It is driving additional benefits and ROI around operational efficiency and performance, cost savings, increased interface with building stakeholders, sustainability, improved occupant experiences, tenant retention and increased asset value.