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With the average company investment into digital transformation increasing 148% in 2020 your competitors are racing to disrupt your business. Can you afford to be left behind?
The industrial manufacturing sector might be streaks ahead of others technologically, but this doesn’t mean it should be slacking on adapting to new technologies in a readily disrupted field. It doesn’t even mean the brains behind the businesses should be merely attempting to innovate on their production side, either.
This industry is set for an overhaul similar to other industries less-founded on digital innovation, with operating models, products and their production methods being seen in a 21st century light. Central to this transformation is a refined operating model which ensures manufacturers can move quickly towards a competitive advantage with cost-effectiveness in mind.
And we can help you at each step of the way.
This industry might have made its name in innovation, but it still requires an overhaul to stay competitive in a readily-disrupted industry. And this starts with the manufacturing process itself.
Fundamental to a digital transformation in this industry is re-orientating operations and ensuring the consequential digitalisation is spread across the entire supply chain.
Data-driven decision-making is key to this, allowing you to plan your next move with a revitalised level of accuracy. Plus, with robotics, AI, machine learning and wearables on offer, operational costs can fall whilst quality rises.
Innovation might be at the core of production, but being able to test and launch products with greater insight is the added benefit of digitalisation.
Reimagining operations goes much further than the factory; the head office has just as much responsibility in the technological overhaul of your business as the production side of things, especially considering its role in securing customer satisfaction, a cornerstone of digitalisation. It doesn't matter who communicates with the client, this is a complete rethink.
This starts with operating methods that focus on streamlining the enterprise with cost reduction at the fore to maintain a competitive edge against disruptive businesses. Mirroring this is the need to redefine the customer experience via engagement.
By bringing together this need to make marketing and sales aligned with this principle, as well as the technology that can be utilised in manufacturing which seek this end, the transformation can take place.
The entire supply chain needs to step up.
Director of Technology, Simply Brands
The industrial manufacturing industry sticks to a simple principle: it is dedicated to creating technology designed to support specific customer needs. Fundamentally, it is aligned with the core principles expected of a digital transformation - but that doesn’t mean its future is clear of turbulence. Failing to innovate regularly and adapt to the moves made by the disruptors can only end one way.
To steer clear of this, your innovation must include AI, the Internet of Things and sensor-based wearables, blockchain, analytics, and cloud computing. These technologies are equally shared by the transformations undergone by other industries, but for this sector there is a renewed interest in maintaining an ever-evolving set of ideas that revolves around the need for personalised experiences with an autonomous, intelligent feel.
For those with an ear to the ground, this is also known as a Digital Transformation. A Digital Transformation rethinks how you manage your employees, your clients’ and business’ data, and how you carry out your business operations. Or, in simple terms, a DT is the technological revamp your business needs to stay competitive.
There’s no denying it: this is the future.
By harnessing third-party services and algorithms in particular, cutting out development time and reaping the rewards of digital innovation are much easier to grasp. From here your technological evolution is not only possible, but far easier to put into motion.
CONSIDER YOUR CLIENTELE'S PERSPECTIVE
If only you could know exactly what your clients want, exactly when they want it… Thanks to data-driven insights harnessed by technology’s coolest software, you can!
MONITOR AND PICK UP PROBLEMS
Don’t just tailor your products to your customers; tailor their solutions to them, too. With up-to-date software picking up problems at pace, fixes can be found even faster.
MOVE TO A NEW OPERATING MODEL
By rethinking the office’s operating models, the team in charge of sales and marketing can prioritise devising personalised marketing that can seamlessly translate to personalised products.
REVAMP PRODUCTION VIA TECH
Utilise the power of tech such as automation, advanced control, and computer-aided design to allow the brains behind production to detect and decide on new, innovative ways to produce goods.
DRAW IN CUSTOMERS VIA DATA
Outside of the manufacturing plant, technology can be used to garner insights into the exact demands on customers, promising the twinned appeal of engagement and innovation.
GET A 4D VIEW OF YOUR CUSTOMERS’ EXPECTATIONS
Discovering customer insight requires the right tech. This means you need a complete overhaul to unleash the complete picture of what you should be doing next.
ENJOY AN INCREASINGLY CONNECTED WORKFORCE
Digitalise the whole team with tech solutions devoted to the entire supply chain. By ensuring collaboration across the board, needs can be met and innovation promoted.
HARNESS THE HUGE DATA AVAILABLE
The industrial equipment industry deals with big products, bigger factories, and even bigger numbers. Analysing this data can no longer be done by hand - take things digital, and save time on the process.
REDESIGN THE DIGITAL OPERATING MODEL
At the core of this industry is the digital operating model. However, by constantly rethinking the model and adapting it to the disrupted industry, you can harness a greater volume of data insights.
+ What is the industrial manufacturing sector?
This sector is comprised of companies that manufacture industrial components and tools, such as power and hand tools, hardware, and small-scale machinery components.
+ Is the industrial manufacturing sector growing?
The industrial manufacturing sector was experiencing steady growth before the Covid-19 pandemic hit. Limited job growth and high levels of manufacturing uncertainty suggests this sector could be facing a downturn instead of continuing its course of growth.
+ What is the future of the industrial manufacturing industry?
Although this sector is facing a downturn thanks to Covid-19, the industry is forecasted to face digitalisation. This includes the must-have adoption of Internet of Things technology, cloud solutions, and blockchain.
+ What are the trends for the industrial manufacturing sector?
The future trends that this industry will face includes simulation for manufacturing processes to help manage changing market pressures, predictive maintenance solutions via sensors and measurement devices, robotics, and motion control products.
+ How is technology changing the industrial manufacturing sector?
The technological solutions on offer have assisted with streamlining employee responsibilities via robotics and have allowed wearable technologies to implement subtle changes in monitoring and measurement. Drones - as with many other sectors involving field work - have also assisted with the monitoring of business processes.
Taking things technological might seem a challenging feat set to put your troops through their paces, but with Lolly Co at every step of the way, navigating the new territory need not be difficult. In fact, with our tech-team assessing your business’ exact needs and walking you through each step, you don’t need a map, either! But, if you do fancy finding your way around tomorrow’s business technology, you can start here.
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