Digitizing an organization’s existing systems, processes, tasks and assets can be a daunting undertaking. There are a myriad of different workflow processes to examine, siloed departments to incorporate and even existing connected device (i.e. IoT) data to consolidate. Any sensitive or confidential information must be handled securely to avoid breaching any privacy boundaries or compliance regulations, and there’s also longer term scalability factors to consider.
For manufacturing organizations in particular, however, digital transformation efforts are essential. Successfully embarking on such an initiative can offer an invaluable competitive advantage by enabling manufacturing organizations to streamline their operational processes, optimize demand forecasting, better understand customers’ propensity to buy and get products to market faster and more safely. By digitizing all assets and thereby making data more actionable, predictive maintenance programs also become possible, which by decreasing machine downtime and waste, can lead to greater organizational and environmental efficiency.