The demand for Digital Transformation is coming from customers and without responding to these demands you are in danger of starting to suffer financially and lose market share.
We have been using digital transformation in our businesses for decades whether it is using Microsoft word instead of pen and paper or replacing drawing boards with 2D or 3D software. One difference between then and now is that they were predominately point solutions whereas now we have technology that can genuinely digitally transform your business by harnessing the data you already have.
Disconnected silos of data
Don’t replace – transform (Digital Transformation)
Do even more with what you have!
Now that you have uniform access to the department’s data within the business you can really start to use this data to understand your business even better. Previously the links between ERP, MES, and CRM, etc were cumbersome and difficult to maintain now with direct “live” access to the sources of information you can use AI techniques to predict failures and trends in the business.
Cost of Digital Transformation!
Many companies have felt the pain and cost of implementing business systems such as ERP and PLM etc. These are of course complex systems that help to drive the business forward by improving efficiency and as a lot of hard work has been done by implementing the numerous business systems already in place the cost of Digitally Transforming your business using ThingWorx is astonishingly cost-effective. Just pick several areas where it is just difficult and time-consuming to access data and within a matter of a few weeks, a solution can be in place. This can then act as a platform for continued transformation.
The scenario I have described here is the quickest and most cost-effective way of digitally transforming your business. This approach is taking advantage of what is known as SCO (Smart Connected Operations) – ” monitoring of a number of typically heterogeneous connected items to improve operations of the business”.
Another route to digital transformation is SCP (Smart Connected Products) – ” monitoring of products after they have been produced, sold and is now out “in-the-field”, typically being used by their customers.” this will require a little more thought to ensure your products have the sensors or capability to feedback the information you need to improve the product, user experience, customer satisfaction, product safety etc. but would be the perfect next step.
SCO: Choosing the Right Technology for Right Now_ Maximize Throughput During COVID-19
SCO: Decisions at the Speed of Data
SCP: Quick Wins and Long-Term Results with Remote Monitoring
SCP: How to Improve Operational Performance in Real Time