18 Jun
2019

Becoming a Digital Champion in Industry 4.0

Are you ready to implement 4.0 technologies in your factory? Explore what it implies to become a digital champion and turn into one in no time!

Industry 4.0
Technology
IIoT
Becoming a Digital Champion in Industry 4.0

Industry 4.0 is here and its derived innovations are only multiplying. In full effervescence, we will continue to witness a rapid evolution of technology as it keeps expanding to cover more intricate tasks. Contrary to some belief, these 4.0 advancements are not only reserved to manufacturing giants. Canadian manufacturers are, in fact, in a prime position to take full advantage of this digital transformation as Canada is home to various industries.


Switching to 4.0 manufacturing is part of the plan some organizations, but only a few have taken the leap as it remains worrisome for many. Manufacturers see the benefits associated with Industry 4.0 but are unsure of how to begin and are concerned about the return on investment. PwC states the following: "Globally, only 10% of companies in key sectors like auto manufacturing, consumer goods, electronics and industrial equipment, have been able to master the cultural, strategic and operational changes needed to support Industry 4.0." These organizations are labelled as digital champions. By integrating 4.0 technologies across their organizations, such as end-to-end digital platforms like IoT sensors and cloud-based software programs, they are able to better manage their processes as well as collect immediate insights.

 

 

A look into 4.0 ecosystems

For the digitization to be successful, champions must opt for a holistic approach and view their operations as a set of ecosystems in interaction with one another.

  • Customer solutions ecosystem: Digital solutions for customers permit the collection of insights, such as patterns in consumer behaviour, and real-time information.
  • Operations ecosystem: This ecosystem is the most significant to manufacturers, allowing them to reach greater efficiencies through every step of the value chain. Production data and insights are obtained with smart sensors while trends are explored and inconsistencies are identified with dashboards. Having access to real-time data is essential for 4.0 organizations as it serves as a better basis for decision making.
  • Technology ecosystem: Under this ecosystem falls all technology within an organization, from CRM to cybersecurity solutions and entreprise applications. Technology is used to drive changes and choices, all while potentially enhancing daily activities. A company's business and digital strategy go hand in hand as technology powers strategy. Partners or strategic alliances often help leverage digital opportunities.
  • People ecosystem: Any transformation one tries to implement will not be successful if it is not embraced by employees. They are the ones at the heart of change, driving it across the company. To foster the right people ecosystem, it'll require training, ups killing, performance management, recruitment, and more. Again according to PwC, more than 90% highly digitized companies have a person responsible of the employee experience.

 

 

How to get started

Transitioning to 4.0 can seem tedious and frightening given the risk and costs involved but it does not have to be. If approached in a methodical way that goes alongside the digital strategy of the organization, your shift can be executed without too many hurdles. Get started with these five steps:

  1. Identify a digital strategy champion
  2. Upskill your team
  3. Create a plan that builds momentum
  4. Develop an integrated operations model
  5. Take advantage of the new value chain

 

To read more on PwC's approach to digital champions, click here.

Want to learn more?
Download the ebook
Related blog articles

Related articles

Back to the blog
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
11
Jun 2019

IIoT Platforms: A Value Driver for Equipment and Machinery

English
24
Jul 2018

4 Reasons to Monitor Your Downtime

English
16
Apr 2019

How to Avoid Costly IIoT Related Mistakes

English

Related articles

Back to the blog
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
3
Aug 2023

Adopter l'IIoT: la voie intelligente pour permettre aux fabricants d’équipement d’origine de prospérer grâce à un partenaire expert en technologies d’usine intelligente IIoT

En s'associant à un fournisseur de solutions IIoT de premier plan, les fabricants d’équipement d’origine peuvent améliorer l'expérience client, stimuler la compétitivité et augmenter leurs sources de revenus.

French
3
Aug 2023

Embracing IIoT: The Smart Path for OEMs to Thrive with a Leading IIoT Smart Manufacturing Partner

By partnering with an expert IIoT solution provider, OEMs can elevate customer experience, boost competitiveness, and grow their revenue streams.

English
1
Aug 2023

Comment Worximity transforme les données de votre usine en indicateurs de performance qui stimulent la productivité

Les entreprises manufacturières sont assises sur une mine d'or d'informations et Worximity met ces informations essentielles à la portée des entreprises manufacturières de tous types et de toutes tailles.

French