Formula 4.0 for Digital Transformation : A Business-Driven Digital Transformation Framework for Industry 4.0

A staggering 70% of digital transformations have failed as per McKinsey. The key reason why enterprises are failing in their digital transformation journey is because there is no standard framework existing in the industry that enterprises can use to transform themselves to digital. There are several books that speak about technologies such as Cloud, Artificial Intelligence and Data Analytics in silos, but none of these provides a holistic view on how enterprises can embark on a digital transformation journey and be successful using a combination of these technologies. FORMULA 4.0 is a methodology that provides clear guidance for enterprises aspiring to transform their traditional operating model to digital. Enterprises can use this framework as a readymade guide and plan their digital transformation journey. This book is intended for all chief executives, software managers, and leaders who intend to successfully lead this digital transformation journey. An enterprise can achieve success in digital transformation only of it can create an IT Platform that will enable them to adopt any new technology seamlessly into existing IT estate; deliver new products and services to the market in shorter durations; make business decisions with IT as an enabler and utilize automation in all its major business and IT processes. Achieving these goals is what defines a digital enterprise -- Formula 4.0 is a methodology for enterprises to achieve these goals and become digital. Essentially, there is no existing framework in the market that provides a step-by-step guide to enterprises on how to embark on their successful digital transformation journey. This book enables such transformations. Overall, the Formula 4.0 is an enterprise digital transformation framework that enables organizations to become truly digital.

Foreword by Erik Verrijssen
Foreword by Simon Hollins
Foreword by Satyanarayana Murthy
Foreword by Raahil Burhaani
Foreword by Julia Sattel
Acknowledgements
Introduction

Section I : Introduction to Formula 4.0
Chapter 1 : A Generic Industry Perspective on Digital Transformation
Chapter 2 : Business-Driven Digital Transformation Framework : Formula 4.0

Section II : Identifiying Business Processes for Digital Transformation using Systems thinking and Design Thinking
Chapter 3 : Business Strategy for Digital Transformation
Chapter 4 : Business Transformation Model and Intelligent Business Transformation Model

Section III : Foundation Platform
Chapter 5 : Creating a Foundation Platform with Digital Triplets (Atomic Architecture, Cloud Infrastructure, and Application Programming Interface)
Chapter 6 : Cloud Infrastructure
Chapter 7 : SAP Cloud Migration
Chapter 8 : Application Programming Interface (API)

Section IV : People, Processes and Tools
Chapter 9 : Product Organization
Chapter 10 : Human Resource Management
Chapter 11 : Importance of DevSecOps in a Product-Based Organization

Section V : Data Analytics, Automation, IT-OT Integration and Enterprise Governance
Chapter 12 : Big Data and Analytics
Chapter 13 : Automation with RPA and AI-ML
Chapter 14 : IT-OT Integration
Chapter 15 : Enterprise Governance

Section VI : Bringing the Pieces Together
Chapter 16 : The Formula 4.0 Methodology : Bringing All Capabilities Together for Digital Transformation

Index