Building a future-ready and sustainable strategy for manufacturing
By Mac Ghani, Managing Director, Avanade Australia From digital transformation to climate change, every industry is trying to keep up with the pace of change and reinvent processes for a more sustainable future. When a manufacturing business successfully transforms itself, customers and employees will benefit from: Increased efficiency and output through data-driven process optimisation and visibility; Reduced downtime and increased asset utilisation through real-time monitoring of assets and predictive maintenance analytics; Increased agility of supply-chain planning via real-time visibility and process controls; Improved worker safety and injury prevention by detecting and responding to changes in field conditions and worker vital signals; A future-ready manufacturing business also has the capacity to create a positive environmental impact – using digital innovation, data and insights to drive efficiencies that will reduce greenhouse gas emissions, enable smarter energy management and reduce waste. The MIT Center for Information Systems Research (CISR) finds companies that substantially complete their transformation tend to enjoy margins 16 percentage points higher than their industry’s average. A new beginning Despite awareness about the need to innovate and the commitment to invest heavily in technology over the next three years, research found the manufacturing industry continues to lag behind companies in other industries. With tougher socio-economic and environmental conditions, personalisation and a dynamic workforce, it can be incredibly difficult to understand where to start or how to progress further. In fact, 60-70 percent of organisations are still on their journey. Manufacturing is a traditionally siloed industry. But a future-ready organisation gives due consideration for impacts across the business, so open communication and evaluation throughout the process is key. Digital transformation belongs to the whole organisation, not just the CIO. Key decision-makers from all parts of the organisation need to put forward priorities of each business division. These priorities need to be aligned […]