Manufacturers Path for Digital Transformation
In an earlier post this month, we discussed the Aberdeen Groups’ recent study highlighting the top digitalization technologies with the potential to impact operations are the IoT (to enable a new level of operational intelligence), the cloud (for real-time visibility and scalability), and big data analytics (to transform data into predictive, actionable insight). For most manufacturers, digital transformation will mean investing in new technologies that connect, integrate, and automate production. There is a lot of data out there that discusses these trends in manufacturing and how organizations need to dive deep into all 3 to remain competitive in the market. If you are a manufacturer, the first step you need to take is to gain an understanding of where you are at in the digital transformation journey and how specific technologies will add value to your business.
Just like you have a business plan for your overall operations, you need to have a business plan for your technology and digital transformation. The first step is to understand what is currently working and what is not. Once you have that established, you can then determine what digital changes can be made to add real value. Your digital plan should have defined growth goals, including milestones for implementing new technologies. Having planned milestones will allow a business to appropriately budget for new investments in technology. To help you establish your digital business plan, answering the following questions can help give you a starting point:
- What digital trends will affect manufacturing in the next 5-10 years and how will that change the ecosystem?
- Where can extra value be added to our business in the short-term?
- What changes do we need or foresee needing in our infrastructure, cybersecurity, and partnerships?
- Do we need to evolve our current staff? Are there new skillsets we need to onboard?
One of the things that presents a challenge for organizations creating a digital strategy is balancing achieving operational efficiency while keeping your eye on the customer experience. Your organization needs to take a look at which areas are the biggest hindrance to growth, and which offer the greatest opportunity for lasting success. Getting started with this process is always the hardest step. 2W Tech is a full-service IT & Epicor ERP Consultant, that has vast experience with network audits and creating digital strategies. Let us help guide you through your digital transformation. Give us a call today to learn more.
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