Digital Governance

Corporate governance in a digital world

On boarding cyber security

Cybercrime soars and company losses amounts to billions. It is time for boards to engage and ensure that cyber defense is on the top of management’s agenda. It is still challenging to receive proper focus on cyber security despite increasing awareness during the last decade”, says Philip Törner, who leads the consulting firm Venor in Stockholm. “It has become clear that attacks not only causes monetary losses, but also harm to … Read more

“Not moving fast enough, that’s the biggest threat!”

Digital transformation, also called the fourth industrial revolution, resembles a storm. Who saw it coming and who was ready to act? Tom Johnstone, former CEO of SKF and now Chair of Husqvarna and Combient, has been there, in the eye of that storm. We are asking him – how did companies meet the digital wave? What can we learn? “When the winds of change blow, some people build walls, others … Read more

Sweden: Innovation-friendly but risk averse

Most Swedish companies are highly innovative but have not been taking too many bold steps to transform their businesses in the race for digital transformation, says Rajkumar Ravindranathan at L&T Technology Services. As the Chief Business Officer of a major global Engineering Services and Digital Company, Rajkumar Ravindranathan says that most enterprises are going through technology led disruption. There has been rapid transformation in the global digital and technological sphere that has led to a lot of market movement, acquisitions, … Read more

Swedish Unibap at the frontier in space

Unibap’s SpaceCloud hardware solutions stand in the centre of satellite development, containing advanced artificial intelligence that can survey and analyse visual data in near real time, for example send early warnings of forest fires. Space development is heading for new generations of small satellites, tiny as shoeboxes, in vast numbers. They will be powered with software applications that execute tasks directly onboard, similarly to what you presently find in datacenters … Read more

City life becomes digital

For cities to be economically sustainable, people must want to come and spend time there. The real estate company Atrium Ljungberg considers the digital environment as important as the physical. Atrium Ljungberg develops and manages urban areas that include offices, retail and cultural and service facilities. From a position of developing mostly offices and retail, Atrium Ljungberg some time ago decided to expand its area of business to residential buildings. With … Read more

Customer engaged digital transformation

A clear ambition from the board and group management – and a decentralized, iterative digital transformation process. That has been the success formula for the industrial polymer group Trelleborg. Swedish Trelleborg is a world leader in engineered polymer solutions, with 50 sites across the globe. The engineering group is active from space to seabed and within a wide range of industries such as transportation, aerospace, agriculture, building and construction and … Read more

Tyréns delivers digital solutions for smart buildings

Creating new business in a separate unit – and entering partnerships instead of investing in-house. The engineering and design consultancy Tyréns is gearing up for digital transformation in the construction industry.   In April 2019, the engineering and design consultancy Tyréns launched a new digital business unit: Business Area X, or BAX for short. The strategy is to separate the new business from the old. “We don’t think that our managers … Read more

The cognitive shipping company

To secure its future, family-owned Stena Line in Gothenburg has chosen to take digitalization seriously. Backed by the owner and supported by an active board, Stena Line strives constantly to become a “cognitive shipping company”, powered by AI. “Today we talk less about “digital transformation” and more about just “transformation”, says Jari Virtanen, Chief Transformation Officer, (CTO). “Vision in 2015: Fully AI assisted freight”  The call for change came when … Read more

“Digital transformation is about people, not technology”

Swedish investment firm EQT has a team of 60 digital accelerators, catalysing the transformation of their 70 independent portfolio companies. When digital transformation is made positive for both staff and customers – that’s when it becomes effective”, says Sven Törnkvist, head of the group. Pilots have been used to trigger curiosity and engagement, and are viewed as investments in learning. Now the portfolio companies queue up for support in their digital transformation. … Read more

“Grundfos’ digital transformation may be the smartest ever”

In May 2017, Fredrik Östbye accepted an assignment: carry out the smartest and most intelligently executed digital transformation of any industrial company. The challenge came from world leading Danish pump-maker Grundfos – looking to shift from selling pumps to providing water-as-a-service. Three years later, the transformation is complete. When Fredrik Östbye accepted the assignment as Group Vice President and Head of digital transformation at Grundfos, he was given a time … Read more