BUSINESS OPPORTUNITIES
Helping companies navigate change and embrace it as a competitive advantage
2THEDGE clients seek to solve intractable business issues with novel solutions that drive transformational value. They seek more efficient operations, improve their employees’ quality of life and enhance their community’s economic security.
The nature and purpose of these business opportunities continue to evolve from each organization’s dynamic business transformation journey where business strategy, intersects with external markets forces and unforeseen events.
Top 10 Emerging Business Trends
Business Opportunities Areas That Drive Competitive Advantage
ENGAGEMENT BRIEF
Robotic Process Automation (RPA)
Leverage RPA to automate manual data entry of supplier accounts payable reducing labor cost by 65%.
Key Industry: Retail and Manufacturing
Enabling Technology
Sensors, Mobile Devices
Emerging Technology
Business Opportunities
Customer Activation and Engagement
Impact
Shifted data entry resources to other critical accounting tasks that improved department performance and customer support.
ENGAGEMENT BRIEF
Improved Material Inspection and Acceptance
The condition and status of either finished products or feedstock materials must be documented prior to shipment to avoid penalties for pre-existing damage. Current manual process is labor intensive, timely and incomplete.
Key Industry: Manufacturing
Enabling Technology
Sensors, Robotics, Computer Vision
Business Opportunities
Improved Asset Visibility, Provide Meaningful work
Impact
Reduce material inspection and inspection process while improving inspection quality
ENGAGEMENT BRIEF
Eliminating Point of Sale Terminals
Point of Sale Systems incur hardware, software and labor costs while creating customer friction. Reducing the point of sale impact allows customers to have a seamless experience while reducing operational costs. Determine the technical feasibility of eliminating the current Point of Sale (PoS) retail terminals.Key Industry: Retail
Enabling Technology
Sensors, Mobile Devices
Business Opportunities
Customer Experience
Impact
Determine the item level and in-store capabilities to implement a NPOS solution
ENGAGEMENT BRIEF
Reducing Warehouse Inventory Cycle Times
Manual inventory management processes result in both delayed reporting and inaccurate counts. Combined with accelerated product velocity, the inventory management process requires improvements to meet both state tax regulations and business expectations.Key Industry: Manufacturing
Enabling Technology
Sensors, Robotics, Computer Vision
Business Opportunities
Inventory Management
Impact
Reduced cycle-inventory time from 30 days to daily that supported increased supply chain velocity, product availability and compliance with state tax regulations
ENGAGEMENT BRIEF
Improving Facility Safety through Ultraviolet Decontamination
COVID-19 has accelerated healthcare and commercial industries’ adoption of broad-area decontamination capabilities. By utilizing ultraviolet platforms to improve hospital and durable equipment decontamination and sterilization process, organizations canimprove both employee and patient safety.Key Industry: Healthcare
Enabling Technology
Sensors, Robotics, Computer Vision
Business Opportunities
Patient Safety
Impact
Reduce Hospital Acquired Infections (HAIs) by ~65%
ENGAGEMENT BRIEF
Powering Remote Sensor Networks with Distributed Energy Generation and Storage
Sensor networks allow enterprises to enhance process and resource allocation. While many business retail shelfs and disconnected field operations continues to be a challenge. By providing distributed energy generation, storage and management, enterprises can extend sensor networks across their enterprise.Key Industry: Energy and Transportation
Enabling Technology
Sensors, Energy Harvesting, Battery Management
Business Opportunities
Distributed Energy Generation
Impact
Provide reliable, sustainable and available power to expansive sensor network to monitor the condition and status of critical assets
ENGAGEMENT BRIEF
Increasing Utilization of Recycled Content in Manufacturing
Leading edge companies seek to reduce their product’s impact on the environment. In addition to carbon offsets, the incorporation of recycled materials is a critical component to meeting Environmental, Social and Governance (ESG) objectives. Advancing the type, quantity and quality of recycled materials is a critical manufacturing frontier.Key Industry: Retail
Enabling Technology
Sensors, Cavitation Systems
Business Opportunities
Sustainability, Customer Experience and Activation
Impact
Higher percentage of recycled content in products and packaging
ENGAGEMENT BRIEF
Identifying Cyber Liability Threats and Opportunities
Rapid growth of the Internet of Things (IoT) provides both opportunities and risks. As Smart Homes and Cities continue to evolve, the risk of a cyber incident creating a physical loss increases. By determining the probability of “Digital Arson” on the industrial, commercial and consumer insurance markets, organizations can develop new products and services to protect and serve our hyperconnected world.Key Industry: Insurance
Enabling Technology
Sensors, Robotics, Computer Vision
Business Opportunities
Patient Safety, Smart Home, Smart City
Impact
Developed and Identified white space contingencies that created a $30B + opportunity
ENGAGEMENT BRIEF
Ensuring Precision Access to Enterprise Information
Zero Trust models are now common approaches for improving information security. In 2015, this novel architecture focused on providing precision access to information assets. Leverage a wide range of security approaches, enterprises adopted precision access years before it came into the main stream.Key Industry: Healthcare, Transportation, Manufacturing
Enabling Technology
Machine Learning
Business Opportunities
Cyber Security
Impact
Improved Information Security
ENGAGEMENT BRIEF
Building an Integrated Consumer Engagement Testing Center (ITC)
Today’s consumer expects an integrated omni-channel environment. Delivery on these expectations across a retail enterprise requires persistent testing, development and integration. An ITC focused on consumer behaviors and retail shopping preferences creates new opportunities for traditional retailers to deliver compelling shopping experiences while increasing store profitability.Key Industry: Retail
Enabling Technology
Computer Vision, Sensors, Machine Learning, Robotics
Business Opportunities
Managing Persistent Change, Customer Experience
Impact
An Innovation Lab provides a mechanism for both business leaders and key suppliers to develop enhanced consumer shopping experiences, improve in-store efficiency, and understand both the business model and process implications
ENGAGEMENT BRIEF
Developing an Immersive Product Development Environment
Product engineers based in North America and Europe rarely gain tangible insights into how their products are used around the world. By developing a 360-degree immersive collaboration environment, these product engineers were able to see, smell and hear the hospital conditions in China, India and South America. These insights helped develop products tailored to unique healthcare environmentsKey Industry: Healthcare
Enabling Technology
Augmented Reality, Computer Vision
Business Opportunities
Product Development Optimization
Impact
Provide engineers deeper consumer and patient insights that improved product design and adoption in emerging markets
ENGAGEMENT BRIEF
Levering Shifting Consumer Demographics to Create New Business Models
Generational differences and changing preferences creates new opportunities to create differentiated products and service that deliver experiences, sustainability and community impact. Often these new products and services require new business models. Developing new products, services and business models that meet these emerging consumer interests is a critical business adaptation.Key Industry: Retail
Enabling Technology
Machine Learning
Business Opportunities
Customer Experience
Impact
Launch of new product and services with a new business model with 6 months that required new business model and supporting operations
ENGAGEMENT BRIEF
Reducing Sensor Development Costs
Developing a common sensor platform that supports unique business cases in multiple industries will reduce product complexity, production times and costs. Further implementing a software defined product architecture allows for rapid over-the-air updates that further improves agility and security. The combination of lower costs and enhanced customer trust drives both revenue and differentiation.Key Industry: Manufacturing
Enabling Technology
IOT, Sensors
Business Opportunities
Supply Chain Agility
Impact
Developing a common and connected sensor architecture with 80% common components with only 20% unique modular functionality reduced R&D costs and decreased time to market.
ENGAGEMENT BRIEF
Developing Autonomous Drayage Operations
The short movement of goods transported by trailer or container from intermodal facilities and warehouses requires 24/7/365 operations. By developing the capabilities to automate the pick-up, transport and drop-off of these short movements, organizations can further optimize supply chains and reallocate labor to other meaningful work.Key Industry: Manufacturing
Enabling Technology
Autonomous Platforms
Business Opportunities
Supply Chain Optimization or Automation
Impact
Improve drayage utilization and reduce direct laborcosts associated with drayage operations
ENGAGEMENT BRIEF
Building Future Skills and Competencies
An engaged and capable workforce delivers business growth and accelerates transformation. As the pace of change accelerates, organizations must provide their employees with the necessary skills and competencies to remain competitive. Identifying future workforce needs and creating a holistic strategy to develop employees is a critical success factor for every organization.Key Industry: Retail
Enabling Technology
Machine Learning, Sensors, Computer Vision
Business Opportunities
Employee Learning and Development
Impact
Identified and developed new skills and competency models aligned to the new business model. Developed a training and employee development program that increased retention and accelerated adoption of new strategy
ENGAGEMENT BRIEF
Developing Strategic Human Capital
Enterprises learn through experiential learning fostered from hands-on experimentation. By conducting agile testing and experimentation of new capabilities, organizations often identify strategic enablers that support multiple business opportunities. This allows human resource leaders to create programs to develop or acquire the identified strategic employee skills need to support business transformation.Key Industry: Supply Chain
Enabling Technology
Computer Vision, Sensors
Business Opportunities
Employee Learning and Development
Impact
Based on multiple business area requirements that leveraged both computer vision and sensor expertise, the enterprise established a Center of Excellence with subject matter expertise could drive rapid implementation of new business capabilities
ENGAGEMENT BRIEF
Eliminating Manual Data Entry
The accounts receivable process required manually copying data entry between systems. This labor intensive process required resources that impacted other accounting functions. By leveraging Robotic Process Automation (RPA), the accounting team reduced labor allocation by 65% by automating supplier accounts payable data entry and error resolution.Key Industry: Retail, Manufacturing
Enabling Technology
Machine Learning
Business Opportunities
Providing Meaningful Work
Impact
Shifted data entry resources to other critical accounting tasks that improved department performance and customer support
ENGAGEMENT BRIEF
Optimizing Retail Store Operations
Retail workers and managers ensure that store locations display, promote and manage products to drive sales and revenue. Employee retention challenges required managers to consistently focus on understaffed locations causing further issues. Developing a next generation store operations platform improved core operations ,in-store performance and employee retention.Key Industry: Retail
Enabling Technology
Computer Vision, Machine Learning
Business Opportunities
Employee Retention (or Customer and Employee Experience)
Impact
Higher employee retention improved product availability, customer satisfaction and sales
ENGAGEMENT BRIEF
Accelerating Material Inspection and Acceptance
The condition and status of finished products or feedstock materials must be inspected prior to shipment to avoid penalties for preexisting damage. Current manual process is labor intensive, timely and incomplete. Automating material inspection through advanced sensors improves inspection, provides enhanced documentation while reducing inspection time.Key Industry: Manufacturing
Enabling Technology
Sensors, Robotics, Computer Vision
Business Opportunities
Inspection Automation
Impact
Reduce material inspection and inspection process while improving inspection quality
ENGAGEMENT BRIEF
Eliminating Patient Wait Times
Doctor waiting rooms can have negative health impacts on patients with severe chronic conditions. Eliminating doctor lobby wait times through dynamic scheduling, transportation planning and facility wayfinding solutions allows patient to arrive just-in-time to bypass waiting roomsKey Industry: Healthcare
Enabling Technology
Sensors
Business Opportunities
Patient Safety
Impact
Eliminate Oncology lobby wait times to improve patient engagement and outcomes
ENGAGEMENT BRIEF
Decreasing Workplace Fatalities
Hundreds of mobile industrial assets such as forklifts, clamp trucks and loaders operate in highrisk areas with pedestrians. This dynamic environment creates conditions for thousands of workplace injuries and fatalities annually. By applying sensors to both material handling platforms and facility components, enterprises can mitigate workplace injuries and fatalities.Key Industry: Healthcare
Enabling Technology
Sensors, Computer Vision, Autonomy
Business Opportunities
Workplace Safety
Impact
Reduce Reportable Incidents and Workplace Fatalities while advancing other automation strategic objectives
ENGAGEMENT BRIEF
Decrease Workplace Fatalities
Hundreds of mobile assets operating in high-risk areas with pedestrians creates conditions for workplace injuries and fatalities.
Key Industry: Manufacturing, Transportation
Enabling Technology
Sensors, Computer Vision, Autonomy
Business Opportunities
Workplace Safety
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“2THEDGE has enabled us to establish industry leadership in autonomous freight and supply chain optimization”
– Transportation Executive
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“I reached out to 2THEDGE for COVID-19 Testing Booth options based on solutions seen in Asia. In less than 24 hours, they quickly found what Brigham & Women’s had done, connected them with me……Long story short we have the design and Sourcing is working on a fabrication partner to see if we can get this built.”
– Healthcare Executive
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“2THEDGE expertise in Exoskeleton proofs of concepts allowed us to rapidly identify and test qualified suppliers which reduced out time to value by several months.”
– Manufacturing Executive
Step Forward to Harness Disruption
Reach out to learn how 2THEDGE’s real-world emerging trend insights will accelerate your business transformation journey.
Phone: (972) 752-8781
Email: [email protected]