Digital Transformation Journey

Automation and Digital transformation have gone from slogan to a necessity in manufacturing and it all starts with gathering data and understanding where it is needed and what technologies can help maximize return on investment. Now manufacturing has realized it’s a “must have” if they want to stay in business. But this does not mean that digitization, digitalization, and digital transformation is new to them. The truth is that that they have been laying the groundwork for this over the course of several years. They may not feel that they have a full-blown smart factory in place just yet because of some outdated processes layered over that groundwork. But the basics are there, it’s all about roots. That’s why it makes so much sense for them to embrace all 3 D’s – digitization, digitalization, and digital transformation.   Here are few key elements of 3 D’s they always have in their back pocket – Common Sense: Manufacturing & common sense have always gone ha...

In this fast-moving world Digital transformation has turn out to be a global trend, and almost every big and small company is heavily investing in this area. As per the survey of IDC, by next year that is 2023, the digital transformation market is likely to reach $6.8 trillion and 75% of the organisations will have thorough digital roadmap in place. But you will be surprised to know that with so much at stake to build digital capabilities that drive customer centricity & productivity, 70% companies fall short of their objectives. They are failing badly in their digital transformation initiates – this group include not just troubled companies, even top performers, market leaders, and investor favourites are also part of the same. When Harvey Nash / KPMG done a survey, they concluded that only 41% of the companies have an enterprise-wide digital strategy and only 18% of them rate their use of digital technology as “very effective.” Someone said...