Digital Transformation and the Interdependence with Reliability Assessments

Digital transformation is the most misused term in recent years in addition to being a popular sales buzzword. Part of the confusion comes from it being a long journey with an ever-changing destination and new pathways emerging all the time. All of us can only see a small fraction of the vast landscape based on our past experiences and current context, and yet believe it to be the universe. Based on our worldview we fall into the trap of being right albeit incomplete. In this paper, authors take a holistic view of the industrial society and demystify frequently used terms - digitization, digitalization, and digital transformation. They discuss these three terms in the context of cyber-physical perception and show the interdependence with reliability assessments.