As manufacturers continue to explore digital technologies to drive efficiency and product & process improvement, they're discovering that strategy and implementation can be almost a full-time role.
In an era of “transform or be transformed,” it’s increasingly critical that companies seek out ways to gain a competitive edge by using data and analysis tools to better understand customer decision-making, speed processes and improve operations. Here are 3 things companies exploring digital transformation should consider.
The mantra of the digital revolution is well-worn: It’s time to get moving or risk extinction. But move where? Move how? If you act out of fear and merely follow another company’s lead, you will make bad decisions.
For CEOs trying to get their heads around digitization, it may be tempting to obsess over their understanding of the latest software program or communications gadget. But leaders who place too much emphasis on technology when mapping out a digital business transformation strategy could be falling into a trap.
While manufacturers' strategies largely concentrate on things like R&D, automation, and production efficiencies, it is becoming increasingly important to engage customers with robust digital experiences.
As competition heats up in the mid-market, companies in all sectors are looking toward digital strategies as a means to drive growth.
Much is said about the promise technology such as robotics and data analytics can bring to companies across various sectors. But very little is ever said about the cost of this new equipment—and it happens to be very expensive.
If you’re like most B2B companies, you’re trying to play catchup in the digital channel.
As companies in every sector strive to digitize their operations, manufacturers have the most to gain. Yet while manufacturing lends itself to digitization through automation, sensors and data, the industry as a whole has been slow to move into the digital world.
It's easy to see we're in the age of business disruption. Companies like Facebook, Netflix, Uber and AirBnb are turning inside out every industry from entertainment to transportation. Manufacturing is being disrupted by 3D printing and Amazon has shaken retail by its core. It seems as if virtually every business is being touched in some fashion by innovative companies that are using technology to create new business models.