Digital Factory by Luka Kozamernik

Author:Luka Kozamernik
Language: eng
Format: epub, pdf
ISBN: 9783031510717
Publisher: Springer Nature Switzerland

© The Author(s), under exclusive license to Springer Nature Switzerland AG 2024

L. KozamernikDigital FactorySynthesis Lectures on Mechanical Engineeringhttps://doi.org/10.1007/978-3-031-51071-7_12

12. Data Emerges as Critical Fuel for Digital Transformation

Luka Kozamernik1

(1)Ljubljana, Slovenia

Data is the Fuel of Digital Transformation

The situation created by the Covid epidemic has affected the business and operations of manufacturing companies as much as individual lives. In a matter of months, we witnessed a significant migration of daily habits from the physical world to the digital world, further accelerating the use, implementation, and development of new technologies and solutions in various industries. Technology as a tool cannot significantly help improve the situation or make progress because every instrument, device, or machine needs energy input to function smoothly. In the digital world, the critical fuel that drives tools, technology, and ultimately the digital economy as a whole is data, which is transmitted as impulses along the nervous system of the digital system.

Hint: Data is the critical fuel that drives the digital economy.

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