What is Digital Transformation?
The integration of the entire business into a data-driven company made up of fully digital factories.
Digital Transformation is taking an organization from being an Industry 3.0 company to an Industry 4.0 company. An Industry 3.0 company has their manufacturing processes automated. Industry 4.0 is about the automation of business processes.
Digital Transformation is about transforming the way manufacturers operate their businesses by leveraging data they generate everyday, but rarely or never consume in real-time. Digital Transformation is not a project. It’s a business strategy for becoming a data-driven company.
Digital transformation puts the information stakeholders need, in the format they need it, when and where they need it.
- Everything and everyone is plugged into the network.
- The layers of the business are integrated and operate based on data and information from all of the other layers -- in real-time.
- Stakeholders know the 'state' of the business in real-time.
- Stakeholders know the future 'state' of the business in real-time.
- Leverage technology (ML/AI) to collect and analyze data/information.
- Machine learning (ML) predicts future outcomes based on past patterns and current state.
- Artificial Intelligence (AI) recommends operational adjustments to improve future outcomes.
- Stakeholders execute (or not execute) recommended operational adjustments.
