In the current rapidly-evolving business climate, manufacturers are faced with a critical choice: embrace Digital Transformation or risk becoming non-competitive. The manufacturing industry is at a pivotal moment, where the ability to digitally transform is the key to success and prosperity.
Written by the consultants who run these selections, not by a software vendor.
[ From the guide ]
In the current rapidly-evolving business climate, manufacturers are faced with a critical choice: embrace Digital Transformation or risk becoming non-competitive. The manufacturing industry is at a pivotal moment, where the ability to digitally transform is the key to success and prosperity. But what exactly is the difference between Continuous Improvement and Digital Transformation, and why is it important to understand the distinction?
The Competitive Tipping Point To grasp the significance of Digital Transformation, it's crucial to recognize the factors that contribute to a competitive edge in the manufacturing sector.
A convergence of powerful low-cost technologies, including advancements in cloud and edge computing and embedded computing innovations, have changed the future of manufacturing. Countries around the world are empowered to create highly competitive manufacturing and production operations. This transformation is fueled by the need to overcome labor shortages driven by demographics and meet customer demands for make-to-order manufacturing.
However, many companies mistakenly believe that incremental improvements leveraging new technologies equate to a form of Digital Transformation. While these improvements may have value, they are not truly transformative.