- How industry 4.0 is transforming the manufacturing landscape
- A Strategic approach to adopting industry 4.0 capabilities
“Although they are still in the early stages of development, smart factory and industry 4.0 have already begun transforming manufacturing,” says a manufacturing industry expert at Infiniti Research.
According to Infiniti’s industry experts, ‘Digitization is important, but most companies are not prepared enough.’ Want to strategize for successful digital transformation in your business? Request a free proposal to know how our solutions can help.
You may also like to read some of our recent articles:
- An Additive Manufacturing Market Client Maximized Revenue Flow and Realized Savings of Over €3.8 Million with Market Growth Mapping Engagement
- Identifying Key Regenerative Medicine Manufacturing Challenges
- A Surgical consumable Manufacturing Company Successfully Expanded Their Business Operations Across 5 Countries in the EMEA Region
A Strategic approach to adopting industry 4.0 capabilities
Evaluate existing capabilities with expectations
CIO’s must begin by evaluating their existing technological capabilities and compare them with the digital maturity that they expect to achieve. Prioritize measures that directly align with the organization’s overall strategy and will most likely create better business value. It is also vital to communicate and get commitment for the measures that are chosen for not just the top leadership but also ensure that it is evident to people across the organization who are integral to the execution.
Begin with pilot projects
Pilot projects can be used to demonstrate proof of concept and demonstrate the business gains that can be derived from the industry 4.0 strategy. Early success in the pilot projects can also help gain buy-in from the organization and secure adequate funds for the final roll-out. Collaborate with digital leaders outside the company to create pragmatic designs for the industry 4.0 concept, this is can significantly accelerate digital innovation.
Learn more about Infiniti’s Research’s market intelligence solutions and how It can help your business. Request a FREE brochure.
Map capabilities required to achieve desired goals
The flaws in the pilots for industry 4.0 transformation will help CIOs identify the capabilities that the organization lacks in achieving the desired results. Create a blueprint highlighting the technology enablers that will help propel the business processes forward. The success of an industry 4.0 transformation will largely depend on the company’s ability to deploy appropriate skills and knowledge.
Embrace digital capabilities
A company can encounter several roadblocks in their journey to embrace digital transformation. Data is critical to make the right business decisions and adopt feasible strategies. Combine data from different verticals of business including logistics, QC, and engineering functions and use this to analyze new methods to attract customers. Advanced technologies such as real-time analytics can be used to attract customers and fully capture the potential of industry 4.0. Actively understanding customer behavior and orchestrating a distinct role for your organization within complex ecosystems will be the greatest breakthrough to successfully adopting industry 4.0 capabilities.
Think you are losing out market share to players who have already embraced technological innovations in manufacturing? Get in touch with an industry expert from Infiniti Research to know how our solutions can help you reassert your position in the market.
About Infiniti Research
Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit:https://www.infinitiresearch.com/about-us