Digital Transformation

The C-suite executives of manufacturing industry are under immense pressure to innovate and find new streams of revenue as unplanned downtime, labour costs and other legacy systems/processes are killing the productivity and growth of businesses. If you are a CEO or a  CIO of a manufacturing  or a processing company yet to decide on investing in Artificial Intelligence and wondering what would be the RoI, you are not alone. However, it’s high time to invest in a next-gen technology like Artificial Intelligence as this offers a plethora of benefits to any industry. Today, top-level executives of manufacturing industry are investing in AI to improve operational efficiency, productivity, performance. From achieving significant cuts in downtime to generating better-designed products and improving the safety of employees, AI is truly evolving manufacturing. In a  Forbes Insights Survey  on Artificial Intelligence, 44% of respondents from the automotive and man...

According to industry leaders, manufacturing companies will see CIOs leading the digital transformation efforts from the front.   With said that, I would jot down 7 challenges that await IT in 2020 when it comes to planning & implementing digital transformation initiatives at their Manufacturing companies.   Remember, CIOs that foresee and invest in manufacturing  business transformations  are becoming the future CEOs according to experts.  Assuring management buy-in CIOs have a good grasp of the enterprise ecosyste...                                  Continue Reading...

As many presume, manufacturing industry not only produces goods but also addresses to the potential needs of critical sectors like Aviation, Defense, Space etc. In fact, the industry plays a vital role in impacting any country’s economy. However, manufacturing companies do face a unique challenge: lack of data visibility.  This challenge not only creates an impact on the decision-making abilities of the C-level executives but also impacts the efficiency of the employees, machines, supervisors, plant managers etc.  With the economic slowdown widely pronounced,  manufacturing companies are looking for solutions  to overcome both the data transparency and economic crisis challenges as this is quintessence for the revival. Of the two challenges, the economic crisis stems from external reasons; however, production decline due to lack of data visibility must be addressed immediately to ensure a seamless produ... Continue Reading...

Digital Transformation (DX) is a buzzword all around the globe; however, it is not short of challenges. Of the many challenges faced by enterprises, budgeting plays a key role in deciding the implementing the digital initiatives successfully.   The budget problems could be of different reasons; however, some of the common reasons include: Ad-hoc vendor selections Different vendors for different solutions Lack of vision during budget planning Increased total cost of ownership  Here’s where the  role of IT  is significant in modernizing enterprises with ad.... Continue Reading...

Growing customer needs and technology advancements have started to transform all industries and manufacturing is no exception. For those who are wondering what a manufacturing shop floor is, the definition goes below.  Shop floor is the place where the actual productivity happens and this plays a major role in the growth of the company.  With too many challenges to seek solutions for the industry is looking for technology advancements to help improve shop floor productivity, growth and ensure delivering unparalleled customer experience.  Here’re 5 common challenges shop floor is confr.... Continue Reading..

In fact, implementing IoT devices have helped a lot of businesses with surplus benefits than limiting to addressing machine maintenance problems. The below infographic will help you with some of the benefits of IoT in Manufacturing. View Infograph

The way people presume  digital transformation  varies significantly.  For some, it is all about transforming the manual to automated processes, while it is utilizing and managing information wisely for making fast and accurate decisions.  Be whatever digital transformation brings to the table, it is changing the face of the manufacturing industry, remarkab.... Continue Reading...

MarketsandMarkets  forecasts the digital transformation market to grow from USD 290.00 Billion in 2018 to USD 665.00 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 18.1% during the forecast period.  The report also reveals that the digital transformation market has witnessed substantial growth, owing to digitalizing organizational business functions to serve changing customer preferences and enhance operational efficiency, rapid proliferation of mobile devices and apps, and increasing penetration of IoT and adoption of cloud services, and need to improve operational performance to gain competitive benefits in the market. ( Source:   MarketsandMarkets ) As  digital business transformation  is going to take the center stage of most organizations, here are the top 10 digital transformation trends that will dominate the enterprise landscape in 2020. Customer Experience Customers. Customers. Customers. The year of 2020 is g.... Cont...

Setting out for digital transformation without a definite strategy is like a bird without wings. Not many companies have even the slightest idea of developing a robust roadmap for their digital transformation initiative.  As business transformation using digital technologies is a long haul, executing the program without any plan can be detrimental to business, as this involves people along with model and culture.  Even before setting out for a digital strategy for  business transformation , it is a must for C-level executives to decide on 3 things:  Why your business ne...... Continue Reading...

Blog Is your business ready for digital transformation? When was the last time you have performed an online transaction via your mobile?  A few days back, yesterday, or a few minutes back? Most likely, yesterday or a few hours back or even while  you are  reading this – right! And now if we talk about consumption of information, sharing of a news or sending a business communication – all via mobile – your answer would be ‘it is happening all the time that you do not know when was the last time’. Now is your business engaging with customers 24/7 through this medium – even if there are no transactions to be performed? If not, can you really say your business is competitive, cus tomer focused and market driven? Well, we are not saying that digital transformation  is all about going mobile. There is much more. Let us understand the term digital transformation better before we look at in detail. In simple terms, let ...

The essentials In the first part of  ‘ Steps to Success in Digital Transformation ,’  we looked at key steps from a strategic perspective of (a) understanding the digital imperative, (b) having a clear vision & strategy, (c) staying centered on customer outcomes, (d) digitizing for operational excellence, and (e) connecting the dots of people, culture, technology, process, product and customer experience. In this second and final part, we dig a little deeper into how a digital transformation strategy becomes successful. According to Ashley Friedlein, Founder of Econsultancy, ‘Digital Transformation is the journey from where a company is, to where it aspires to be digital.’ Every journey requires preparation and it can be challenging to know what an enterprise should have in place for digit..... Continue Reading...

The story of Digital Transformation is not without its pitfalls. There are roadblocks that need to be recognized, understood, analyzed and addressed before the changes kick in. More often than not, it is not an external consultant who will highlight these challenges to you, but it is you who will have to call out the elephant in the room. Here’s an interesting story that would help you understand why the entire company has to align with  Digital Transformation  goals to make it working. Let’s assume a mid-sized enterprise planning to transform their business with digital solutions. The enterprise has been seeing its profits dwindling and they undertakes an organizationa……. Continue Reading...

Now a Fourth Industrial Revolution is building on the Third, the digital revolution that has been occurring since the middle of the last century. It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.” He makes a very important, pertinent point – “Neither technology nor the disruption that comes with it is an exogenous force over which humans have no control. All of us are responsible for guiding its evolution, in the decisions we make on a daily basis as citizens, consumers, and investors.” While  Digital Transformation  as a term is still misunderstood, today, digital transformation as a business imperative is widely agreed upon. What then is a digital transformation in practice? Is it an IT project? Or the introduction of a few cool tools in the company? Or the addition of mobi.... Continue Reading...

Who wants to go digital? As a business leader, how often do you feel that you’re no longer playing by the same rules that you were playing 2 years ago? What changed really? It is the world that has changed beyond imagination. What set enterprises apart — scale, reach and brand — have a lesser impact. Because digital technology has fundamentally changed two things: the dynamics of the markets and the speed required to remain competitive. According to the  IDC Semiannual Digital Transformation Spending Guide , worldwide spending on the technologies and services that enable the digital transformation of busin... Continue Reading...

Digital transformation needs no introduction as several reports indicate that it is widely practised across industry verticals. By all means, digital transformation is a never-ending journey for any organization. As customers and markets, as well as technologies, evolve, there is always a need for companies to digitally reinvent the organization fully or in parts. In the early phase of the 21st century, digital technologies were being deployed in businesses with the main focus on improved daily operations, enhanced efficiency and level of output. Today, a majority of the digital transformation initiatives focus on delive....    Continue Reading..

The success of digital transformation not only relies on CEOs of enterprises anymore. Latest reports indicate that CIOs play a critical role in the strategic discussions and  successful implementation of digital transformation (DX) . Why enterprise CEOs must involve CIOs when it comes to investing in digital solutions for their business? What role IT plays in DX success? If you’re someone seeking answers for the above questions, well, this post is exclusively for you. Understanding the impact IT on digital transformation As digital transformation is all about reinventing a business’ model, people, technology through advanced digital solutions, this will have a massive impact on your vendor and custome.... Continue Reading...