In this ever evolving digital era, where technology and digitisation have gained the primary importance in the decision making process of business leaders, it is imperative for them to have a robust IT strategy to survive and thrive in the market.
If we get to ask how manufacturing units - big or small- are coping with this transformation wave? The answer to this question lies in the fact that only 7% of the digital initiatives in the manufacturing industry are navigating to meet objectives. This calls for the need of a value-driven strategy and it is the strategy only that can enable manufacturing leaders to succeed in the present and shape the future. Let's explore the essential IT strategy components and implementation process.
Why is Digital Transformation Strategy a key to staying ahead in the Manufacturing Industry?
In the context of manufacturing, digital transformation strategy refers to the process of moving consistently through the automation spectrum and swapping the digital infrastructure and processes for analogue activities in order to minimise complexity and misprocessing.
If you are wondering how the manufacturing industry can accelerate its digital transformation, let us explain that the solution is to envision the future and gradually develop the technological and human capabilities necessary to realise it.
1. Enhanced Deliverable Excellence
With the incorporation of sensors, automated testing, and quality control measures we can achieve elevated levels of product quality, which directly results in minimising errors and enhancing overall production processes.
2. Cost Reduction
Diagnosing and resolving issues, minimising downtime, and maximising output are the results of adopting digital tools and analytics. Identify potential problems before they occur and plan maintenance during downtime for maximum efficiency.
3. Elevated Decision-making
Digital transformation in manufacturing enables firms to make more informed and precise decisions by visualising and analysing product data in order to improve quality, performance, and efficiency.
4. Increased Customer Centricity
Working to achieve a customer-centric business is possible with agile manufacturing and production processes, which can be achieved with the successful implication of digital transformation.
5. Improved inventory management and transparency
Integrating inventory management systems can help in tracing any piece of equipment and provide correct information on the location, usage, market value, etc. without having to perform manual checks or waste time looking for the data.
How do you embrace Digital Transformation for the growth and success of your business?
Legacy systems, privacy concerns, and workforce training are some of the many hurdles that enterprises must get over in order to conduct digital transformation programs successfully. Yet, the advantages of digital transformation surpass the drawbacks, and manufacturing companies must use digital technology to survive in the rapidly evolving world of Industry 4.0.
The actions that a company needs to take in order to implement the digital strategy described in this section, which will ultimately work for the organisation's current state and ideal future condition.
- Deploying agile and scalable technology to facilitate growth and expansion
- Skillfully implementing change management strategies and embracing automation to improve efficiency
- Ensuring effective onboarding, training, and upskilling programs to develop a highly skilled workforce
- Restructuring the organisation to remove barriers and promote collaboration and innovation.
In conclusion, digital transformation is no longer an option but a necessity for manufacturing companies to stay competitive in today's market. The industry is facing increasing pressure to improve operational efficiency, reduce costs, and enhance the customer experience.
Digital transformation is not just about implementing new technologies. It requires a cultural shift, a customer-centric approach, and a skilled workforce in which Global Lancers can prove to be a reliable partner which can also enable their clients to stay relevant and thrive in an increasingly digital environment of industry 4.0 manufacturing.
