Perspective: Digital Readiness in Manufacturing
Companies today benefit from the safe harbor of reliable technology support to their business processes. At the same time, almost every company — in some moment of its life, and often the hard way — had to learn a rule: new technology in old organizations creates old, expensive organizations. This is why wrongly conceived or poorly managed IT implementations do not deliver the expected results, and rather lead to internal inefficiencies and rising costs. But today, things are even worse. The manufacturing industry is facing a tsunami generated by the combination of 3rd Platform and innovation accelerator (IA) technologies. As this revolution brings benefits and threats of unprecedented scale, leveraging new digital competencies has nothing to do with process refinement, but with business model and ecosystem disruption. Catching up or failing to comply with this transformation is not just a matter of efficiency, but makes the difference between being able or not to sustain business success.Digitalization changes everything. IDC defines digital transformation as the continuous process by which enterprises adapt to or drive disruptive changes in their customers and markets (external ecosystem) by leveraging digital competencies to innovate new business models, products, and services that seamlessly blend digital and physical as well as business and customer experiences, while improving operational efficiencies and organizational performance.
Please Note: Extended description available upon request.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook