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Published byBridget Blake Modified over 6 years ago
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Digitalization in a traditional industry – revolution or evolution?
June Corporate Strategy
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Where can you find out what “going digital” is all about?
CeBIT is the largest and most international represented computer exposition held in Hannover/Germany 2011 Cloud Computing – Work and life with the cloud 2012 Managing Trust – Building trust as a basis for progress and growth 2013 Shareconomy – Sharing and joint utilization of knowledge, resources Source: 2014 Datability – Processing data and responsible use over the long term 2015 d!conomy – Digital transformation of the economy and society 2016 d!conomy: join - create - succeed – Putting people at the heart of the digital transformation 2017 d!conomy: no limits – Centering on business opportunities via digitalization
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In Evonik’s relevant end-markets products, value creation and business models are changing
End-consumer and products Competitors and business models Increasing connectivity and self-monitoring Personalized offerings and interactions Increased availability of information Market entry of technology companies Increasing consolidation tendencies Approaches for business development and R&D
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Digitalization means creating, communicating, delivering, exchanging offerings that have value for customers.
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Digitalization strategy in an “old economy” company is about managing priorities
Could digital technologies … … improve the way you generate value? … change how you target the customer? .... affect the value proposition? … enhance the enterprise capabilities? … help to differentiate from the competition?
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When will I be replaced by algorithms and robots?
Thesis: About 50 percent of today‘s occupations in the western world will no longer exist in (R. D. Precht; M. Broy in Die Zeit Nr. 5/17) Background: Thesis paper from Frey und Osborne (2013) The Future of Employment on the automation of 702 jobs in the US (URL: Facts: “First, together with a group of ML researchers, we subjectively hand-labelled 70 occupations, assigning 1 if automatable, and 0 if not. For our subjective assessments, we draw upon a workshop held at the Oxford University Engineering Sciences Department, examining the automatability of a wide range of tasks. Our label assignments were based on eyeballing the O∗NET tasks and job description of each occupation.” (C. B. Frey; M. A. Osborne (2013): The Future of Employment: How Susceptible are Jobs to Computerisation, S. 30) Conclusion: Digitalization is a design task rather than a natural law
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When will I be replaced by algorithms and robots?
Thesis: About 50 percent of today‘s occupations in the western world will no longer exist in (R. D. Precht; M. Broy in Die Zeit Nr. 5/17) Base: Thesis paper from Frey und Osborne (2013) The Future of Employment on the automatiion of 702 jobs in the US (URL: Facts: “First, together with a group of ML researchers, we subjectively hand-labelled 70 occupations, assigning 1 if automatable, and 0 if not. For our subjective assessments, we draw upon a workshop held at the Oxford University Engineering Sciences Department, examining the automatability of a wide range of tasks. Our label assignments were based on eyeballing the O∗NET tasks and job description of each occupation.” (C. B. Frey; M. A. Osborne (2013): The Future of Employment: How Susceptible are Jobs to Computerisation, S. 30) Conclusion: Digitalization is a design task rather than a natural law
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