More than a century of stable growth has allowed this organization to reach the top of the industry, but stable growth will not keep them there.
The modern, turbulent business world rewards only the greatest pioneers, leaving not much room for patient, incremental change. This business needed to propel their R&D activities with a new digital strategy to keep ahead in the marketplace. This is how it was achieved.
They began with the basics. The senior leadership team reviewed its legacy of cautious IT investment and aimed to do things differently.
They noticed that their present infrastructure gave inadequate support to the organization’s research teams. They produced a strategy that aimed for a new digital foundation, created to integrate and accelerate their most advanced R&D goals.
They utilized the LabVantage LIMS, partly due to its strong genealogy tracking abilities that are essential to the management of scientific data in the R&D field.The LabVantage integrated LIMS/ELN/LES platform is purpose-built, highly-configurable, and completely web browser-based to assist hundreds of concurrent users and seamlessly integrate with instruments and alternative enterprise systems.
These features make it viable to explore outside of the traditional ways of working and provides the foundation for more pioneering digital technologies such as machine learning, artificial intelligence, analytics, and deep learning.
These complex technologies are an integral tool within the complete digital strategy, reliant on the LIMS to acquire and present experimental data from international laboratories.
They next redefined what was viable in the chemical industry. The organization’s R&D teams were able to access the live data required to prioritize the pilot projects that were most likely to pay off with the help of their new LIMS-based digital foundation.
This enhanced the organization’s complete scientific technique and made it more compact, allowing their brightest thinkers to focus on their most important ideas - such as in-silico experimentation, which uses the theories of quantum computing to simulate complicated chemical interactions employing the semiconductor chip of a computer.
This means the laws of physics are experimented with to a level that has never before been viable prior to the use of a test tube.
This company’s innovators can be helped by the data flowing from these experiments to solve some of the planet’s most important challenges, but only if it is available for analysis.
This organization’s bold digital transformation project has meant that it is, and it is already helping to produce incredible discoveries.
Measure the Right KPIs
The best way to ensure the constant growth of a digital transformation strategy as it comes to fruition is to measure it.
All companies will have exclusive transformation metrics, Key Performance Indicators, or KPIs, that quantify the effectiveness of a digital transformation strategy.
The aim is to make sure that the KPIs are specific, measurable, and clear, and that they match back to the business objectives which were determined in the strategic planning phase.
Instead of considering bridging research and production informatics for example, look at selecting an achievable threshold, such as a quantifiable increase in speed of production.
CIOs seeking to build and expand a digital business should use digital business metrics to better inform business decision making. Good metrics should inform senior executives on the digital journey and influence decisions such as budget allocations, business process improvements, and necessary culture changes.
Gartner, Digital Business KPIs: Defining and Measuring Success, James Anderson and Paul Proctor
Digital transformation was once considered to be a technology journey. It is now a business journey that employs technology as its vehicle.
Certain organizations born in the present day will not know what came before the digital ecosystem, whereas others must use herculean efforts to change a legacy of redundant processes and functional silos.
For each category, and every company in between, the destination of the journey is the same: innovation, agility, and data-driven business growth.
A great number of companies start their digital transformation in the laboratory, where a highly flexible and integrated LIMS deployment can make data transfer more efficient and enhance the wider analytics capabilities of the organization as a whole.
LabVantage is leading the way forward in this regard with the most dynamic solution in the market, assisted by domain experts who share the table with some of the global leaders in digital transformation projects.
In collaboration, LabVantage assists in driving transformation projects for startups and multinational behemoths alike.
For a closer look at how LabVantage has designed its technology to help labs lead successful digital transformation initiatives, visit: Labvantage.com/our-platform/digital-transformation.
LabVantage can help you plan a successful implementation strategy. Contact them at [email protected] to discuss.
This information has been sourced, reviewed and adapted from materials provided by LabVantage Solutions, Inc.
For more information on this source, please visit LabVantage Solutions, Inc.