Surrey Centre for the Digital Economy - Issue #34

Revue
 
A bumper edition this week, with extra illustrations for maximum interest!
 

Surrey Centre for the Digital Economy

May 3 · Issue #34 · View online
This week in the digital economy.

A bumper edition this week, with extra illustrations for maximum interest!

Come hear CoDE’s Dr Richard Adams and Mike Brookbanks at ‘Blockchain for Good: Addressing Global Challenges with Blockchain Technologies’ on 24th May 2017, 14:00-17:00, at techUK, 10 St Bride St, London EC4A. More details here:
Blockchain for Good? Addressing Global Challenges with Blockchain Technologies
Next Generation Paper
CoDE’s Prof Roger Maull was recently a guest at a workshop run by Aston University’s Advanced Services Group. The workshop included contributions from Rolls Royce, JCB and Genie. All these companies have historically focused on the supply of physical products but are now moving to offering availability-, use- and outcome-based contracts: a fundamental shift both influenced and enabled by Digitisation.
Rolls Royce explained how they collect data from a number of sensors on the engine (see above) and then use a very simple process, SATAA (sense, acquire, transfer, analyse, act) for collecting and analysing data. This enables Rolls Royce, within four minutes of take-off, to provide airlines with warning of potential mechanical problems. This digitisation and analysis is central to their shift to power (or more accurately, thrust) by the hour contracts, enabling the move to servitisation. Intriguingly, half of their data analytics team work solely to develop new techniques and models for potential problems in an unknown future – a challenge which increasingly occupies digital business.
Our latest blog:
From Insight to Outcome: Hidden opportunities in data analytics
Below, a really interesting approach from Space10, IKEA’s living lab, to find out how people want to interact with AI in their furniture!
Do You Speak Human? — Democratising tomorrow's AI
CoDe’s Prof Lampros Stergioulas reports that his team’s application to the University’s Urban Living Awards has been awarded the full funds requested. This work will be in collaboration with colleagues from the Departments of Computer Science and Sociology.
World Economic Forum/Accenture report on Digital
Below, an interesting attempt at a “digital maturity index” from the MIT Digital Business team. We would like to see how this has developed since this paper….
Becoming a Digital Organization: The Journey to Digital Dexterity by Deborah L. Soule, Akshita Deora Puram, George F. Westerman, Didier Bonnet :: SSRN
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