The first strategy, "information excellence," represents the digital evolution of operational excellence, a field primarily built to improve processes, use of assets and organizational structures so as to take full advantage of burgeoning collaborative environments. 

The second, "solution leadership," refers to the shift from stand-alone products in the pre-digital era to digitally connected smart products, which in turn enable the creation of new platforms and ecosystems. 

The third strategy is "collective intimacy," which means "building better customer relationships and experiences at scale," said Weinman, and the fourth and final one is "accelerated innovation" through digital technologies such as artificial intelligence. 

When asked about 5G competition, Weinman said that despite battlegrounds among companies and countries, there are also opportunities for collaboration. "5G isn't different from any other technology where companies and countries benefit from participation in open source, information exchanges and dialogues," he explained. 

Weinman is well known as the founder of "cloudonomics" and the author of "Cloudonomics: The Business Value of Cloud Computing" and "Digital Disciplines: Attaining Market Leadership via the Cloud, Big Data, Social, Mobile, and the Internet of Things." 

The SCE 2019 is a four-day event featuring state-of-the-art technological achievements and the development of smart living in the future. Following the theme "Smart Technology: Empowering Economy, Enriching Life," the expo's stated aim is to showcase new products, technologies, and forms of business in the worldwide smart industry, and to promote international cooperation in the digital economy through summits, exhibitions, competitions and forums.

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