Almost all businesses are going through digital transformation today, and there are several tools that are helping businesses to undergo this transformation efficiently.
FREMONT, CA: When it comes to digital transformation, technology is almost often mentioned first. Whether it's the Internet of Things (IoT) or Artificial Intelligence (AI), technology is transforming the way businesses operate all around the world. While there's no denying that technology is an integral part of digital transformation, there are other important factors to consider before embarking on a digital transformation strategy. Identifying value-driven business objectives and cultivating a culture of change and collaboration are among them.
Four most common tools for digital transformation are:
Internet of Things (IoT)
IoT technology provides unprecedented access to both products and processes for manufacturers. Industrial IoT technology is being used by companies to acquire a better knowledge of their operations on a global and industrial level. Manufacturers are accomplishing key digital transformation objectives like better productivity, flexibility to respond rapidly to market and consumer demands, and innovation across their goods and services, thanks to greater insights and analytics from IoT.
The method of constructing an object one thin layer at a time is known as additive manufacturing or 3-D printing. Additive manufacturing has ramifications across the value chain, not only in manufacturing, as industrial firms seek efficiency. If consumers or field operators may print replacement components for a machine, for example, this allows for more efficient, seamless customer service, reduced downtime, and cheaper servicing costs.
Manufacturing firms, particularly discrete and process-oriented firms, have been reticent to embrace the cloud. There are various reasons for this hesitancy, but with recent improvements in cloud technology, those fears are dissipating. Most digital transformation programs make use of the cloud because it provides better flexibility, agility, and scalability throughout a business.
Mobile technologies offer a plethora of benefits to manufacturing and industrial businesses, particularly with the advent of 5G capabilities. In many ways, mobile is a basic technology that allows for the development of other game-changing technologies. For example, shop floor employees can use Augmented Reality to monitor machine data points, field service technicians can use AR to get interactive, real-time instruction from specialists at Headquarters to fix an industrial asset, and engineers can use AR to study CAD drawings on the go. There will be rippling effects throughout the industrial business as mobile becomes even more powerful with 5G.