Digitalization demands in industry life cycle business – from investment projects via normal operation and maintenance till demolition of production capacity – are clearly more complex than just automating commercial purchase-to-pay / order-to-cash transactions. Companies are wasting money in digitalization investments if they are not considering how to improve their business partners IT capabilities to collaborate digitally. Read more how you can avoid losing money and claim remarkable business benefits!
Industry life cycle domain cover businesses from investment projects (to create production capacity) via normal operation and maintenance (to run production) till demolition of production capacity. They include also all business processes before ordering including all related technical information exchange (between engineering/design, suppliers and owner-operators).
Internal digitalization efforts mean better efficiency for internal operations and is a necessary capability for every company to manage own external information exchange with business partners. However, your digitalization efforts will be mostly wasted if your business partners – external partners – don’t have corresponding capabilities to connect with your systems. If you want to optimize your business benefits and ROI for your IT investment, you’d be assured in advance that your major business partners are ready on time.
The Finnish national DBE Core initiative (Digital Business Ecosystem) together with major industrial companies is ambitiously targeting to create appropriate business rules for a shared ecosystem. THTH Association and PSK Standardization has participated to that development. And we are currently gathering participating companies together to organize commonly planned business pilots.
See the following video that is briefly illustrating the difference between the targeted ecosystem approach and the point-to-point system in technical information exchange.