On June 30, 2020 there was a Habilitation colloquium of Dr. Rajnish Tiwari that marked the successful completion of his Habilitation (“venia legendi”). The colloquium was on the theme of “Digital Transformation as Enabler of Affordable Excellence”. The presentation showed how digital technologies can help achieve frugal solutions that in turn enable affordable excellence.
Latest since the outbreak of the COVID-19 pandemic the potential of digital technologies as enabler of high-quality-yet-affordable solutions has become clear. Nevertheless, reports suggest that many firms struggle with implementing digital transformation due to the (perceived) need for high investments. Moreover, the true (potential) value-add of digital transformation is not clear to many, as digital transformation is often associated with complex terms such as “Industry 4.0”, “Internet of Things” or “Smart Homes”, whose true value-add is either not obvious to non-experts, or whose value-add is rather perceived in “nice-yet-superfluous” things such as a refrigerator which can autonomously re-order groceries. Thus, the cost-benefit analysis apparently does not seem to justify the requisite investments in many an instance. Continue reading