Building Intelligence in Digital Transformation

We are in an age of great changes! An on-going profound societal movement is digital transformation, which is the pervasive diffusion of digital technologies in business and other societal processes. On the one hand, digital transformation is driven by the confluence of technologies such as Internet of Things, 3D printing, Big Data, machine learning and artificial intelligence (AI); on the other hand, digital transformation provides fertile fields for the further development of those technologies, and most importantly, for the growth of new technologies and new digital business, such as digital twins, blockchain, cryptocurrencies, digital archives, and smart contracts. Related to the emerging digital transformation phenomena, we expect many opportunities, challenges, and uncertainties. One thing for sure is that digital transformation will continue to make Big Data bigger and bigger, and in the emerging digital society, successes will belong to the organizations who are able to build intelligence in digital transformation by leveraging AI to turn data into knowledge and to use the knowledge in actions.