Digitalization has become a crucial topic in every organization with recent studies showing that 74% of companies have decided to embark on a digitalization journey. This will mean that others will be compelled to do the same or vanish. The integration of products, people and process based on the internet makes way for disorderly innovation and new business models.
For example, a company can produce shoes with transponders fixed to a shoe that is based on the requirements for a specific individual. This shoe will communicate to machines which will trigger production activities giving the organization the ability to meet customer requirements at a reasonable price.