INSIGHTS

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2THEDGE accelerates the business impact from enterprise innovation through a full range of fractional innovation consulting services. Each of the following Insights into enterprise innovation, reflect how organizations in every industry are harnessing emerging technologies to drive business growth.

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

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 rooms
Key Industry: Healthcare
Enabling Technology

Sensors

Business Opportunities

Patient Safety

Impact

Eliminate Oncology lobby wait times to improve patient engagement and outcomes

ENGAGEMENT BRIEF

Impact of "Digital Arson" on Insurance Coverage

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 hyper-connected 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 Location for Asset Optimization

Enterprises seek to understand the condition, location and status of every asset to optimize process, lower costs and improve safety. Location of critical assets in GPS-denied or degraded environments results in operational impacts and safety risks. Using advanced sensors, computer vision and geographical information systems (GIS), achieved precision asset location within 0.5 meters without GPS availability.
Key Industry: Transportation, Logistics
Enabling Technology

Sensors, Computer Vision, Ubiquitous Communication

Business Opportunities

Improved Asset Monitoring

Impact

Improve asset location accuracy to 0.5 meters in disadvantage environment allowing for improved transportation velocity and safety

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

Increasing Supply Chain Velocity by Automating Material Handling

The receipt, storage and movement of materials provides opportunities for automation and process efficiency. The manual process for determining location and movement is highly inefficient. By automating the asset location, organizations can improve material handling and inventory management efficiency.
Key Industry: Manufacturing, Transportation
Enabling Technology

Computer Vision

Business Opportunities

Inventory Management Automation

Impact

Reduce asset inventory for 12 hours to real-time

ENGAGEMENT BRIEF

Improved Equipment Availability through Enhanced Maintenance Operations

Moving to in-sourced maintenance operation responsible for ensuring high availability of thousands of complex capital assets is a significant challenge. Additionally, 40% of skilled workers could retire in the next few years. To mitigate the risk from employees leaving, organizations must invest significant resources in training and technology to support maintenance, improve current procedures and enhance worker safety.
Key Industry: Manufacturing
Enabling Technology
Natural Language Processing, Computer Vision, Machine Learning
Business Opportunities

Meaningful Work Through Automation Employee Safety

Impact

Reduce maintenance repair time and improve asset availability

ENGAGEMENT BRIEF

Designing Future State Skills and Competency Development

Developing a target business environment enabled with new capabilities requires continuous change and a structured approach for evolving the organization. By developing both new organizational models and identifying new employee competencies during the strategic planning process, organizations can establish employee development models to help people adapt. This critical approach accelerates the transformation process and facilitates change.
Key Industry: All
Enabling Technology

All

Business Opportunities

Business Competency Development

Impact

Reducing an organization’s resistance to change directly contributes to digital transformation success. Individuals uncertain on their role in the future will resist the change. Creating a path for employees to prepare for their new role, the organization can become an active contributor to transformation

ENGAGEMENT BRIEF

Developing Predictive Customer and Consumer Shopping Behavior Framework

Rapidly changing customer and consumer shopping preferences creates both new retail opportunities and risks. By evaluating the broad range of socio-economic, industry and technology trends, retail organizations can develop a predictive behavioral framework to guide the development of new products and services.
Key Industry: Retail
Enabling Technology

Computer Vision, Natural Language Processing

Business Opportunities

Agile Product Development

Impact

Developed 6 – 18 month capital investment strategy and a robust surveillance model to refine the predictive model. Investment portfolio included strategic investments in machine learning, computer vision, and digital agents that improved the user experience and reduced costs

ENGAGEMENT BRIEF

Leveraging the Evolving Consumer Shopping Journey for Business Growth

COVID-19 has accelerated rapidly evolving consumer shopping behaviors to omni-channel experiences in zero-touch environments. These changes cascade store operations, 3rd party suppliers and transport providers. Defining the evolving shopping experience for both customers and consumers is critical for adapting to today’s chaotic times
Key Industry: Retail
Enabling Technology

Sensors, Mobile Payments, Natural Language Processing

Business Opportunities

Customer Activation and Engagement

Impact

Identifying emerging trends and the current gap between retail offerings and consumer expectations provided the strategic insight to fund $100m in digital transformation in a single fiscal year

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 pre-existing 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 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