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How Data Became Rolls-Royce’s Ultimate Asset
- Rolls-Royce shifted its focus from luxury cars to civil aviation, defense, and power systems, leading in engine technology for commercial and military use.
- Establishing Data Labs in 2018, Rolls-Royce modernized its data capabilities, emphasizing people, value, and resilience.
- The company leverages analytics to enhance efficiency, safety, and availability, with recent adoption of ServiceNow's AI agents for operational efficiency.
- Challenges include maximizing technology value, breaking data silos, achieving impactful analytics, addressing cyber threats, and managing talent evolution.
- Rolls-Royce focuses on evaluating emerging technologies for practicality and relevance rather than succumbing to industry hype.
- Mapping trends using Google Trends data helps prioritize technologies, emphasizing the importance of sustainability over fleeting trends.
- The company breaks down processes into interactions between humans, machines, and data to determine complexity and criticality, guiding optimization efforts.
- Rolls-Royce's digital transformation is about long-term sustainability and resilience, not just quick wins or adopting technology for the sake of it.
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