Point of no return: Turning data into value

Jochen Werne and Johannes Winter
Additional contact information
Jochen Werne: Prosegur Cash Services Germany Ltd, Germany
Johannes Winter: acatech – National Academy of Science and Engineering, Karolinenplatz 4, 80333 Munich, Germany

Journal of AI, Robotics & Workplace Automation, 2021, vol. 1, issue 1, 43-57

Abstract: The Cambridge Dictionary defines the point of no return as the stage at which it is no longer possible to stop what you are doing, and when its effects cannot now be avoided or prevented. Exponential advances in technology have led to a global race for dominance in politically, militarily and economically strategic technologies such as 5G, artificial intelligence (AI) and digital platforms. A reversal of this status quo is hardly conceivable. Based on this assumption, this paper looks to the future, adding the lessons of recent years — the years when the point of no return was passed. In addition, the paper uses practical examples from different industries to show how digital transformation can be successfully undergone and provides six key questions that every company should ask itself in the digital age.

Keywords: business model innovation; business process re-engineering; data analytics; artificial intelligence (AI); platform economy; use case; digital transformation (search for similar items in EconPapers)
JEL-codes: G2 M15 (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
https://hstalks.com/article/6488/download/ (application/pdf)
https://hstalks.com/article/6488/ (text/html)
Requires a paid subscription for full access.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aza:airwa0:y:2021:v:1:i:1:p:43-57

Access Statistics for this article

More articles in Journal of AI, Robotics & Workplace Automation from Henry Stewart Publications
Bibliographic data for series maintained by Henry Stewart Talks ().