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Future Business Models are Driven by Digitization

Technology is ever on the move, and there is nothing manufacturers can do about it. 2019 will be another year where digitization continues transforming the manufacturing process.

Manufacturers are familiar with the adoption of new technologies. The industry has been on a slow transformation over the past three decades. Many argue it is best placed to survive and thrive the new digital wave. In as much as innovation is an excellent platform for building – it mentions how manufacturers adopt new technologies over the years.

Manufacturing 3.0 was centered on delivering consistency and reliability to your processes. The approach varied from product development to manufacturing logistics. That way people could boost productivity while reducing heavy costs. In the early 1980s, the word digital essentially meant using a programming logic controller to achieve high-reliability assembly.

Rapid digital advances mean manufacturers will do more than achieve more efficiency. They aspire to drive a strong growth agenda. Simply put, technology seems to have shifted.

Dynamic Industry

With digitization powering strong across all sectors more focus has shifted from working better to working differently. Cost cutting to achieve efficiency is no longer the new model. Ecosystems are adopting data-driven, cloud-powered and platform centered models.

In response, manufacturers are shifting their supply chains away from traditional linear supply models which manufacture and distribute. The idea is to do more than own a part of the value chain. The shift is moving towards a networked and connected model where the data cloud is accessible to the entire value chain. In this modern such models, any event occurring in the supply chain can be identified and isolated if need to be.

 

 workerPeople Empowerment

Apart from hardware, a lot of the changes witnessed recently narrow down to the people. The first pillar is the customers, after which there is a need for manufacturers to harness this new technology. The same idea can be applied to data analytics, helping enhance and streamline purchasing and after-sale experiences.

A laser-focus on your employees is key. Rather than thinking productivity gains through automation, manufacturers are relying on skill-based technological models judged according to one’s ability to augment their worker’s abilities. In summary, a human plus machine outcome is way more productive than one where humans or machines go about it on their own.

Mobility

A blend of mobile technologies and data results in positive outcomes. This is because it allows manufacturers to get the right information to the right people within real time. Mobility helps information spread in real-time, boosting problem solving and smarter decision making.

Digitization Steps

Not every manufacturer has the resources to achieve advanced manufacturing operations. Whatever the size, shape, and legacy of the business, follow the right set of steps that will boost you to a highly networked, Digitalisierung in Unternehmen.

 

Change is happening rapidly and reaches far and wide into all industry sectors. Change does not necessarily mean overhauling your existing infrastructure. It is all about building great operational stakes of the cost that will help you reach your next performance level. The time to make the transition is now.

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