Industry experts share their knowledge about digital transformation technologies that support the transformation of manufacturing.
Digital Transformation
Digital transformation refers to the adoption of data and digital solutions for business activities and processes. It engages people with digital workflows to promote the full advantage of technology investments across an organization. Digital transformation is more than just replacing manual processes with digital processes – the expected outcomes are cultural change and the adoption of re-imagined processes that take full advantage of well-defined digital strategies.
A company that digitally transforms successfully becomes a digital enterprise and enjoys competitive advantages such as:
- More efficient use of resources and reduction of errors
- Application of knowledge sharing for innovative new ideas
- Agile responsiveness to competitive threats, market disruptions and opportunities presented by new prospects, mergers, and acquisitions
Digital transformation is the process of digitalizing business processes and information in the pursuit of a more agile and efficient business model.
Related resources
- Digital Transformation for businesses
- Digitalization Strategy and Transformation Program Services
- Italian manufacturer of processing machinery implements digital transformation
- Digital Transformation for Small and Medium Businesses
- World’s largest shipbuilder creates first digital shipyard environment
Elements of the digital transformation process - Evolving into a digital enterprise
Digital transformation usually involves:
- Replacing siloed practices and single-point software solutions with integrated technology platforms (e.g. cyber-physical systems, the Internet of things, etc.) that link end-to-end across functions and/or the entire enterprise
- Unifying separate sets of data and embedding automated data analytics into user interfaces and workflows to ensure that strategic and tactical decisions are driven by data-based insights
- Making work transparent through shared applications to improve accountability, accelerate processes, and gain the agility to respond to or drive market disruption.