Digitalization: Identification of Technology Solutions & Partners

Context

The client was looking for implementable digital solutions that could help reduce / eliminate downtime losses due to unexpected equipment failure.

Technology Areas

Artificial Intelligence, Internet of Things

Key Objectives

  • Identification of ready to implement solutions for both up & downstream use cases

  • Propose a shortlist of validated and benchmarked solutions / platforms

Our Methodology

Customised Feed on the WhatNext Platform

  • Based on the clients unique need, our analyst team developed a customised feed based on their requirements.

Benchmarking

  • From the customised feed, the client identified 32 potential solutions

  • Based on specific metrics agreed with our client, data from the product brochures, conference papers and publications were analysed to benchmark their solutions.

  • From the benchmarking result, the client shortlisted 14 potentially relevant solutions

Due DIlligence: Primary interviews with Start-Ups

  • Most of the 14 companies were part of the WhatNext Start-Up Network

  • In-video interviews were conducted to validate which specific solutions make sense as a starting point, what level of data preparedness is needed and use-cases of measurable business impact / RoI. This was used to arrive at a final short-list.

Client Benefit

The client was looking for implementable digital solutions that could help reduce / eliminate downtime losses due to unexpected equipment failure.

Post Engagement Outcome

After  this engagement there has been a multifold increase in the use of the platform-as-a-service by the client for 4 other diverse projects covering inspection, energy storage, circular economy & 3D printing

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