For sure. Are there any examples within the private market?
Of course. Within this market, we notice the fastest progress when data is involved. For example, we developed an algorithm for a financial institution that handles the administrative processing of mortgage applications. We reduced the turnaround time from three weeks to three hours. Just imagine the return this institution has achieved thanks to this. In addition, all employees involved are now more focused on the customer, instead of on the administrative side. Everybody happy! These innovations will now be rolled out more widely throughout the administration.
These are great examples. Now coming back to your partnership with Living Tomorrow. How did this actually originate?
We have been working together with the team of Living Tomorrow and Tomorrow Lab for quite some time now. They helped us develop our strategy two years ago, for example, which proved to be very profitable. We were shown the plans for the new complex they are currently building. And the shift from living respectively to rather the present society, where both the private and the business are at the centre, has persuaded us to go along as a partner in this.
The most important domains within Living Tomorrow are Smart Living, Smart Health, Smart Mobility and Smart City. We at Tobania are happy to add Smart Business to these. Smart Business is a suite of solutions and services to make your business future-ready.
This suite therefore includes a sophisticated range of solutions to get through your digital transformation properly, to set up the workplace of the future and to manage your governance of the company effectively (including its sustainability aspect). In our view, data plays an important role in this as a common asset throughout the company and its operations.
We also see a lot of insights coming from the use of data, which will lead to innovation. Take, for example, the digital twin where innovation can be tested even before the prototype, let alone the product, is built.