Do You Understand The Role Of Digital Transformation In The Manufacturing Industry?

The Role Of Digital Transformation In The Manufacturing Industry

Digital transformation is the initiative to use technology for better business outcomes. It’s one of the biggest buzz phrases going around the business community right now, and for good reason. Both in the manufacturing industry and otherwise, business leaders are realizing just how powerful new technology can be.

Don’t make the mistake of assuming this is all just hype. According to Reports and Data, the global digital transformation market was already worth $261.94 billion in 2018. By 2026, it is estimated to be worth as much as $1051.12 billion.

Despite the obvious growing popularity of digital transformation, many manufacturing firms are still hesitant to bring new technologies into their work, for two primary reasons…

Are You Failing To Achieve Digital Transformation?

There are two primary obstacles that commonly prevent manufacturing firms from embracing digital transformation:

• Lack Of Strategy
  Unfortunately, it’s not as simple as just saying you want to “digitally transform” your business. It takes an understanding of available technologies and how they can be applied to your work, along with a clear vision of how this can help you achieve your business goals.
• Fear Of Potential Risks
  Many are hesitant to adopt new technologies because of what it could mean for data security. Usually, this comes down to the nature of the cloud – whether it’s the Internet of Things, or enhanced mobile device use in the workplace, managers and owners worry about how greater access to work data will affect the security of that work data.

The important thing to understand is that both of these concerns can (and should) be addressed by your IT company. They should have the knowledge and capability to help you align new technologies with your business goals in a secure way. In doing so, they can give you access to a number of new tech-based advantages…

How Can You Improve Your Firm Through Digital Transformation?

1. Encourage Mobility.
   Implement Mobile Device Management and Bring Your Own Device policies that allow employees to use their own devices in combination with the firms’ – be sure to equally prioritize the convenience of access with security.And don’t limit yourself to desktops, laptops, and phones – there’s more out there for you to take advantage of. Have you considered what the Internet of Things and wearable devices can do for workplace efficiency? Now’s the time to get on board – up to 20.4 billion IoT devices will be online by 2020.
2. Harness The Cloud.
   Increase collaboration and simplify management by hosting your data and applications through the cloud – again, prioritizing security in line with the access given to staff members. It shouldn’t have to be said at this point, but just in case you’re still in the past – get rid of your on-site hardware.Before the cloud, onsite servers were a must for any business that wanted to succeed, but no longer. Today, you don’t need to purchase, install and maintain onsite servers- with the cloud, you outsource it all to a data center instead.

   By choosing a cloud solution instead of conventional infrastructure, you will enjoy all the benefits of an up to date and optimized IT infrastructure, without having to pay more than your monthly service fee.

3. Use Data To Your Advantage.
   With the right information, each choice you make can have attainable and expected positive results for your business; without that information, you may as well be gambling with the future of your firm.

Business intelligence is the collection and analysis of data collected such as department productivity, overall growth, sales trends, and customer behavior. Applications of this data can range from something as simple as Spreadsheets for the organization, and storage of data to Online Analytical Processing or Reporting and Querying software. Each has a specific use and offers various benefits to your small & medium business.

Reporting and querying software extracts, sorts, summarizes, and presents selected data. This data could range from sale reports of specific items to a measurement of the efficiency of marketing plans.

These are just a few of the potential benefits of embracing new technology. However, if your IT company can’t or won’t help you attain them, then you need to find a company that will – a company like 403Tech.

In the end, modernizing your firm doesn’t have to be a massive restructuring of the way you do business. Step by step you can affect these changes, either by talking to your staff about mobile device use for work or consulting with 403Tech about how to harness newer technologies.

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