Practical Manufacturing Technology Workshop
You can do more and better with less without mortgaging your future.
|Download the Summary of the Report for free|
Cut through the Hype
Industry 4.0, Smart Factory, Digital Transformation
What does it all mean?
These terms can mean many different things to many different people. Industry 4.0, Smart Factories and Digital Transformation are primarily thought of as a way to improve operational efficiency. But in today’s environment, companies can also benefit greatly by seeing them as a tool for finding growth in unexpected opportunities.
In the future, successful companies will use Digital Transformation to capture new growth through three approaches: boost revenues by increasing production and creating new hybrid business models, exploit intelligent technologies to fuel innovation and transform their workforce.
Why should I care?
It is important to have a basic understanding of the implications of Digital Transformation for two reasons.
First, smart, connected products are transforming competition in the marketplace by affecting rivalry, industry structure, industry boundaries and strategy.
Second, the operations and organizational structure of firms are being radically reshaped by products’ evolution into smart connected devices.
What should I do next?
Don’t stick your head in the sand! Information overload is a pain point for many small to medium sized organizations who are trying to sort out what to pay attention to in the short term.
Connected Factory Global helps organizations understand the realities of Digital Transformation. We cut through the hype presented by the industry & media, and bring clarity to topics so that organizations can make decisions to improve their odds of success going forward.