Smart Tech Strategies: How Johnson Controls is Digitizing Their Business
Marc Vandiepenbeeck, Vice President and Chief Financial Officer of North American Building Solutions - Johnson Controls
Johnson Controls is on a mission to make buildings smarter and to transform the environments in which we live, work, learn and play.
In this episode, we're talking with Marc Vandiepenbeeck, Vice President and Chief Financial Officer of North American Building Solutions at Johnson Controls. It's a fascinating discussion about the digitization of building controls, smart buildings, smart supply chains, and how digitization is impacting every aspect of the business, including finance.
Get ready to take notes. Because we're not just talking about emerging technologies - but how to know when and where to invest in digital solutions, how to focus on value-add for the customer, how to carry these strategies along your entire supply chain, and the value of risk taking in innovation.
3 Big Takeaways from this episode:
- The ultimate goal of digitization is to make a better product for the end user: Like every sector, building controls are being transformed by digitization. But without a clear focus, organizations will be lost in the noise of all the digital technologies and solutions they could invest in. Marc reminds us that digitization (in building solutions) enables JCI to bring multiple systems and products together in one connected smart building, making it easier for the building owner to control their smart solutions.
- The two biggest drivers of technology in finance: Big Data and RPAs: Big Data enables JCI to bring all their disparate data into one dataset, analyze it and make better business decisions, especially around supply chain and market intelligence. RPAs (robotic process automation) automate many of the low-skill activities in the finance team, enabling humans to do value-added tasks that give them a more fulfilling work experience.
- A crucial key to success in 2022 is getting smart about your supply chain: We discuss how to use technologies like Big Data to understand your entire supply chain, forecast future demand, and feed those insights all the way back up the value chain. This is especially crucial in sectors like building controls and construction where an organization is managing multiple supply chains at once. Find out why we might be moving away from just-in-time manufacturing and toward a system of smart connected supply chains.
To learn more about Johnson Controls, visit: https://www.johnsoncontrols.com/
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