Digital Transformation And Industry 40 Masterclass

Build real world understanding of Digital Transformation, Industry 4.0, value drivers and best practices to implement

Last updated 2022-01-10 | 4.5

- Understand what do terms like Digitalization
- Industry 4.0
- Society 5.0 mean
- Build a deep understanding of 7 core Industry 4.0 technologies (AI
- IoT
- Blockchain
- AR/VR
- RPA
- Cloud
- 3D Printing) and their applications in business
- Learn the key business drivers of digitalization and a framework for crafting digital strategy

What you'll learn

Understand what do terms like Digitalization
Industry 4.0
Society 5.0 mean
Build a deep understanding of 7 core Industry 4.0 technologies (AI
IoT
Blockchain
AR/VR
RPA
Cloud
3D Printing) and their applications in business
Learn the key business drivers of digitalization and a framework for crafting digital strategy
Practice a hands on case to implement digital transformation in a company and address the practical challenges involved
Learn best practices
tip & tricks across various industries and functions to identify
design and implement digital initiatives

* Requirements

* Access to internet

Description

Update 2022: It is one of the highest-rated courses on Digital Transformation and Industry 4.0 at Udemy with students from ~100 countries and all 6 continents. Thanks a lot for the overwhelming response !!!

***

Digital transformation is a very popular topic these days. But what does it really mean and how can you identify the right digital technologies to create value at work and successfully implement them?

This course offers the right balance between the insights and best practices from top tier consulting firms and practical wisdom of what really works in a large corporate. The course content has already been vetted with digitalization experts across multiple events, forums and training sessions before and brings you the best of their collective experience. The course is filled with many cases and quizzes to reinforce your learning, covers digital use cases across 20+ sectors & industries, and includes a full case study in the end to design and implement a digital transformation program.

The course is structured in four sections:

Section 1: Introduce

  • What is digital, exactly, and what does it mean for individuals, companies and the broader society?

  • What do terms like Industry 4.0 and Society 5.0 mean?

Section 2: Learn

  • What are the most relevant digital technologies (AI/ML, IoT, AR/VR, RPA, Cloud, Blockchain, 3D Printing) and how do they work?

  • What are their applications, use cases and limitations today?

Section 3: Challenge

  • How can companies create value from digitization?

  • What are the value drivers and principles for crafting a robust digital strategy?

  • What percentage of digital transformations are really successful? What are the top reasons behind their failure?

Section 4: Apply

  • What are the best practices in creating a digital transformation roadmap?

  • How to secure commitment for resources, manage stakeholders and scale up beyond the pilot phase?

  • What are the different models for external partnerships (e.g., incubators, accelerators) and open innovation?

By the end of this course you will be able to:

  • Build a strong foundation of key digital technologies

  • Know how to apply them at work and create value for the company

  • Design and implement a successful digitalization program

The entire course material including the slide presentation, frameworks and toolkits are fully downloadable. Further, there are additional handpicked reading material and resources available for your reference.

Feel free to reach out if you have any additional questions or clarifications. All the best for your learning journey!

Who this course is for:

  • This course is relevant for senior managers and executives who are involved in crafting digital strategy and leading digital transformation program for their companies
  • It is equally useful for anyone who wants to learn about digitization and how can technology create value in their profession today

Course content

7 sections • 42 lectures

Course Overview Preview 04:03

Get a preview of the key concepts which we will be discuss in the course and some ground rules to get us started !

The 3Ds - Digitisation, Digitalization and Digital Transformation Preview 03:22

In this lecture we will first reflect on the learning objectives for this section and then understand the difference between the commonly used terms like digitisation, digitalization and digital transformation

Digitalization for Consumers, Enterprises and Governments Preview 08:10

In this lecture we will understand how is technology is affecting individuals, companies and governments through various examples and case studies. We will also understand the meaning of terms like Society 5.0 and Smart Cities.

The Fourth Industrial Revolution or Industry 4.0 Preview 04:03

We will end this section by understanding the meaning of Industry 4.0, its underlying drivers and how does it tie back with all the concepts we have introduced so far.

Introduce - What is Digital Transformation, Industry 4.0 and Society 5.0?

For each of the caselets below select the option which best describes it

Overview of Industry 4.0 technologies Preview 03:29

In this lecture we will first reflect on the learning goals and then introduce a simple framework to classify key technologies behind digitalization and Indusry 4.0 today

Industry 4.0 Technology 1 - Artificial Intelligence (AI) & Machine Learning (ML) Preview 22:41

We will understand how AI/ML work, how do they compare with human intelligence today, what does it main for future of work and key use cases and applications

Industry 4.0 Technology 2 - Internet of Things (IoT) Preview 13:45

We will understand how does IoT work, what is edge computing and key use cases and applications

Industry 4.0 Technology 3 - Augmented Reality (AR) & Virtual Reality (VR) Preview 08:37

We will understand how AR/VR work, what are the common devices and key use cases and applications

Industry 4.0 Technology 4 - Robotic Process Automation (RPA) Preview 05:29

We will understand how does RPA work, what processes are most attractive for RPA and key use cases and applications

Industry 4.0 Technology 5 - Cloud Computing Preview 06:41

We will understand the basics of Cloud Computing, difference between SaaS, PaaS and IaaS models and key applications

Industry 4.0 Technology 6 - Blockchain Preview 11:05

We will understand how does Blockchain work, see it in action using a video and key use cases and applications

Industry 4.0 Technology 7 - Additive Manufacturing (3D Printing) Preview 07:28

We will understand how does 3D Printing work, benefits over conventional manufacturing, applications and adoption today

Summary - Industry 4.0 technologies and relative adoption Preview 03:31

We will end this section by reflecting on the relative market size and adoption of the 7 technologies and outlook for next 5 years

Learn: What are the key Digital Technologies & their applications?

For each of the caselets below select the most likely underlying technology/technologies

Five Value Drivers of Digitalization Preview 06:49

In this lecture we will first reflect on the learning objectives, then understand what do we mean by value and how can digitalization create value for companies

Value Driver 1 - New Platform based Business Models Preview 08:04

Understand the basics of platform business model and examples of how companies are creating value from it

Value Driver 2 - Accelerate New Product Development Preview 08:23

Understand how digitalization can help accelerate new product development process, meaning of agile and MVP approach and reasons behind the rise of startups over the last decade

Value Driver 3 - Provide Superior Customer Experience Preview 09:41

Understand the basics of customer experience, customer journey, omnichannel offerings and use cases and applications of technology to create value from it

Value Driver 4 - Generate Data Driven Insights across the Value Chain Preview 07:54

Understand the various sources of data which can be leveraged to create unique insights and use cases and applications of creating value from having a unified view of data across the supply chain

Value Driver 5 - Reduce Operational Costs and Improve Efficiency Preview 02:39

Understand how technology can be used to reduce costs in manufacturing and back office processes and various use cases and applications with benchmarks

Summary - Case Study of Digitalization in Banking Industry Preview 02:52

We will summarise the five value drivers by applying them in the context of banking industry

Reality Check - What are the chances of success? Preview 06:31

We will end this section by looking at some data on how many digital transformation initiatives are truly successful, what are the common reasons of failure and look at best practice examples of companies who have truly managed to transform

Challenge: Why is Digital Transformation even relevant?

For each of the questions/caselets below select the best option

Introduction to the Case & Digital Transformation Framework Preview 02:07

We will introduce the case for this section and also look at the core elements of the best practice digital transformation framework for this section

First Task Preview 01:23

This lesson will introduce the challenges associated with the first element of the framework in the case and introduce the first task for the participants

Building Awareness

In this assignment we will reflect on the challenges of building awareness as outlined in the case and come up with ideas/ways to address them for a successful digital transformation program

Success Factor 1 - Awareness Preview 02:24

In this lecture we will look at some best practices to build awareness and outline the challenges for the next element

Creating Engagement

In this assignment we will reflect on the challenges of creating engagement as outlined in the case and come up with ideas/ways to address them for a successful digital transformation program

Success Factor 2 - Engagement Preview 02:26

In this lecture we will look at some best practices to create engagement and outline the challenges for the next element

Ensuring Focus

In this assignment we will reflect on the challenges of building focus as outlined in the case and come up with ideas/ways to address them for a successful digital transformation program

Success Factor 3 - Focus Preview 04:52

In this lecture we will look at some best practices to build focus and outline the challenges for the next element

Securing Commitment

In this assignment we will reflect on the challenges of securing commitment as outlined in the case and come up with ideas/ways to address them for a successful digital transformation program

Success Factor 4 - Commitment Preview 16:10

In this lecture we will look at some best practices to secure commitment and outline the challenges for the next element. This will include defining operating model, securing talent, partnerships, IT infrastructure , funding and stakeholder management

Creating Agility

In this assignment we will reflect on the challenges of creating agility as outlined in the case and come up with ideas/ways to address them for a successful digital transformation program

Success Factor 5 - Agility Preview 04:04

In this lecture we will look at some best practices to create agility and also to shape a digital first culture given the future of work

Summary - Recap of the five Success Factors & Case Closing Preview 04:45

We will recap the five elements critical for success of any digital transformation program and close the case by creating a sample digital transformation roadmap

Case Study of Domino's Digital Transformation Journey Preview 06:23

Video Case Study of Domino's Digital Transformation journey and key learnings from it

Apply: How to implement a successful Digital Transformation program?

For each of the caselets below select the most likely success factor NOT addressed 

Key Takeaways & Closing Preview 05:11

Recap of key concepts discussed in the course and five summary takeaways from the course

Final Task - My Reflections & Learnings from the course

Please write down your key learnings from this course and record it in a journal

Keynote, AI Summit UK 2020 - Bringing AI to the shop floor Preview 24:23

Learn about the state of AI in manufacturing and industrial sector today and key opportunities and challenges to address