The fourth industrial revolution and its associated technologies offer a unique opportunity to create significant value for manufacturing companies. This seems to be understood by most of the executives across the industry. Yet too many digital transformation efforts fall flat and fail, as do their supporters. At the Industrie 4.0 Maturity Center, we see that companies that can measure their digital readiness globally and synchronize their digital transformation journey across all locations and business units achieve the greatest long-term impact.
Typical challenges that go along this transformation are that prototypes, and proof of concepts generate awareness, but do not unfold the operative potential of digital technologies. They are spread over the departments and plants. None of them is implemented in a productive process. Projects fail, because the company is not ready in terms of their basic infrastructure and their data quality. Often these projects were only started out of actionism following popular buzz words (e. g. “Big Data” or “AI”). Usually, they want to do it all at once, but projects cannot be implemented with the appropriate intensity because they lack the sufficient resources. Some companies are also only focusing on the technical parts of the transformation and forget to involve organizational and cultural aspects. Therefore, new technologies and IT solutions are rejected, and the benefit is not realized.
This is why we believe the current digital status-quo needs to be evaluated to see which projects are realistic now and which need to be postponed. Dependencies between projects need to be identified and projects need to be prioritized in a holistic roadmap. The progress and lessons learned need to be monitored centrally. The transformation process needs to be structured along technical maturity levels, but at the same time taking organizational and cultural requirements into account.
The synchronization and a common understanding of Industrie 4.0 on a global level of the organization is necessary for a successful digital transformation.
In our current issue of Quarterly Insights, we take a closer look at the global roll out and synchronization of Industrie 4.0 in manufacturing companies. Amongst others we have a video explaining how a web-based platform can help global organizations to manage their digital transformation, a book recommendation, and a special tip from the team for an article explaining the background on double-digit impact at scale of Industrie 4.0. Enjoy reading.