No Match Found
Companies in the manufacturing industry are facing challenges due to changing market conditions, but these can also be viewed as opportunities for innovation. New business models and technologies can help to promote sustainable growth, with strategic investments and more efficient value chains accelerating progress. Integration of new technologies can lead to cost savings, improved ecological footprints, and increased digitalisation. We provide real-time insights to improve supply chains and support companies with innovative solutions for new business models, digital B2B commerce, and strategic investments so that they can adapt to shifting market needs and create profitable opportunities.
We also help companies invest fully in talent, so that highly skilled digital employees can unlock the full potential of their organization and digital production. Our support includes tailored education programs, engagement boosting, and the creation of performance cultures that encourage personal growth. In addition, we provide assistance with efficient personnel planning and long-term strategies to maximize talent investments. Our cross-functional experts provide fresh perspectives and local and global knowledge, helping companies to find the optimal balance between innovation, risks, and market conditions.
The fourth industrial revolution (also known as the Industrial Internet) - characterized by the increasing digitization and interconnection of products, value chains and business models - has arrived in the industrial sector and offers attractive opportunities. Industry 4.0 not only comprises the digitization of horizontal and vertical value chains but will also revolutionize the product and service portfolio of companies – with the ultimate goal of better satisfying customer needs.
To fully utilize the potential opportunities that Industry 4.0 offers, the implementation of new, often disruptive business models is required. The focal point of this transformation is increasing customer benefits through a growing range of value solutions (instead of products) and increased networking with customers and partners. The required insights for executives to take proper decisions that transform their company will come from the use of the growing amount of data and the analysis of the data.
Companies will need to master several challenges on the way to become an Industry 4.0 champion. Surveys have shown that industrial companies have recognized this and will invest almost 50% of the planned new capital investments in Industry 4.0 solutions. These investments will have to be used along the entire value chain in order to achieve the optimal customer satisfaction. Furthermore, sufficiently skilled personnel with new capabilities to meet the needs of the digital world must be ensured.
To move forward with Industry 4.0, acquiring and rolling out digital capabilities across your company are all-important. This process takes time, so in order to gain or retain first-mover advantage over your competitors, you will need top management commitment and significant implementation investments.
Industry 4.0 will be a huge boon to companies that fully understand what it means for how they do business. Change of this nature will transcend your company’s boundaries and lead to a complete transformation of your organization.
Based on hundreds of transformation projects with leading industrial companies, we have defined six practical steps your company needs to take to lead tomorrow’s competitive digital landscape.