Have you already seen the term “the digital twin”? The digital twin plays an important role, especially in the course of Industry 4.0-based processes. Basically, it describes nothing more than the depiction of a real object in the digital world. However, since this can only be mapped online in the form of data and algorithms, a copy of a real object is created in this way, so to speak – the digital twin. Importance of the digital twin The digital twin is used to digitally map tangible or intangible products, such as products, services or even entire processes. This is either for later use or for a real-time based analysis. It happens because the digital twin is coupled with the existing world via sensors. This can, for example, affect the environment or the use of machines. As certain scenarios can be played through digitally, these can serve as a basis…

Automation as process optimization through technology has become an important topic for companies. Ultimately, among other things, it can also significantly increase agility in companies. However, since automation can look different for every company, every department, every employee and every process, there are many advantages during implementation. Advantages of automation for companies Companies can use automation in very different areas, from purchasing to IT to human resources work, there are processes whose human effort can be replaced by artificial intelligence. What initially only sounds like labor savings, but has other pluses to offer. Saving of time and effort Above all, automation means an increase in productivity and efficiency. Many manual processes otherwise carried out by workers are no longer necessary due to the increased use of machines. This speeds up processes and work steps to a large extent while at the same time reducing the amount of work involved. As…

Digital business models are becoming increasingly popular. No wonder, after all, a lot of money can be made this way. The possibilities are diverse and are already being used by many entrepreneurs and founders. Digital business models and the way to get there Digitization and especially digital business models have meanwhile achieved a particularly high priority for companies. This is particularly due to the fact that many new variants have emerged in terms of added value. The Internet in particular has long been integrated into existing business models. In some cases, however, this technology has even been used to create completely new digital business models and at the same time displace old options. These not only determine the way companies work, they are also an essential decision-maker when it comes to generating profits. As a result, they automatically count as a key factor for the economic success of a company.…

Generation Z is entering the labor market and companies are trying to prepare for it. There are currently many studies about this new generation, which more or less even contradict each other. It is obvious that the survey of 16-18 year olds who have barely or not at all worked hardly any statements about the labor market. It can therefore be assumed that the study results can only be correctly confirmed in 5 years and that they will still change massively. Generation Z summarizes the years 2000 – 2015. I have now examined four studies for you in the following and draw an initial conclusion from them. Reading tip: Generation management Digital natives 4.0 Generation Z has been using digital technologies from birth and is therefore referred to as the digital natives. So you are used to processing and using a large amount of information. For them, too, the real…