From A(nalog) to D(igital) in 4 steps!
Four Common Objectives of Companies on the Journey to Digital Transformation
Over the past several years we’ve interacted and brainstormed with executives, managers and employees in hundreds of organizations on multiple continents and in a variety of industry verticals. As we get to know these companies and learn about their wants, needs, opportunities and challenges – particularly as it pertains to transitioning into the digital world of IoT – there are a handful of similar, recurring themes that seem to characterize the majority of enterprises.
Most of these companies are extremely practical in focus and indeed modest in their expectation from their Digital Transformation. They seek to remain very competitive and want continuous improvement for their people to do their jobs effectively and efficiently.
Increasingly, leaders not only see digitizing their business operations as a mission-critical element of their overall strategy to reach these practical business objectives but also want their digital environment to eventually think and act intelligently and autonomously.
Following are Four Common Objectives of entities we’ve observed who desire to transition from analog to digital environments:
- First – Collect, organize, and orchestrate all of their data. Information is today’s – and tomorrow’s – currency… and not just in the fiscal sense. Those who do not know how to successfully manage their data – with its ever-growing volumes; the speed required to provide the right data at the right time, at the right place, to the right people or machines; the enormous challenges associated with the vast variety and diversity of data; and the importance of the authenticity and “correctness” of the data – will lose the battle against their competition and will not fare so well with cyber criminals.
- Second – Gain a holistic view of all their operations, globally. Companies in the manufacturing sector often have multiple, dedicated IT systems — centralized and local —and require a 360-degree, real-time view into plant operations. They need a visual solution that combines all the data, processes, systems, and machines in one highly efficient environment so that the company has the right data and decision-making power at its fingertips on each plant floor, proactively predicting events, and is connected in such a way as to benefit all of its operations with visual management and lean manufacturing capabilities implemented and monitored throughout a global footprint.
- Third – Use data to provide insights & intelligence to managers. A digitized environment is needed to enhance collaboration, information sharing, and decision making. With a digitized platform, managers can be alerted to conditions that need real-time attention. Insights can be gleaned rapidly to prevent problems and reduce downtime. Managers can make better decisions, improve processes, mitigate against risks, and reduce costs through automated data collection and proactive intervention when issues arise.
- Forth – Create an autonomous learning & recommending environment. Once digital twins of their operations have successfully been created where they can proactively maintain, optimize and monitor operations globally, the next step is to make these digital twins autonomously think, predict, recommend and then execute the best course of action for continuous improvement and optimization.
What objectives or insights can you add? How does your organization plan to leverage the digital world of IIoT to remain relevant and competitive and to position your people to do their jobs effectively and efficiently?
See how others have successfully navigated the digital transformation journey with outstanding results… access our customer use cases here.