{"id":1493,"date":"2017-05-22T07:00:08","date_gmt":"2017-05-22T07:00:08","guid":{"rendered":"http:\/\/blog.verbat.com\/?p=1493"},"modified":"2024-05-22T08:19:29","modified_gmt":"2024-05-22T08:19:29","slug":"digital-transformation-in-manufacturing-preparing-for-2018","status":"publish","type":"post","link":"https:\/\/www.verbat.com\/blog\/digital-transformation-in-manufacturing-preparing-for-2018\/","title":{"rendered":"Digital Transformation in Manufacturing: Preparing for 2018"},"content":{"rendered":"<p>Here\u2019s an excerpt from an article published by Industry Today.<\/p>\n<p><em>\u201cBy 2018, only 30 percent of\u00a0manufacturers investing in Digital Transformation\u00a0will be able to maximize the outcome;\u00a0the rest are held back by outdated business\u00a0models and technology.\u201d<\/em><\/p>\n<p>\u2026.which makes you wonder.<\/p>\n<p><em>Are manufacturers utilizing every opportunity offered by the advancements in digital technology?<\/em><\/p>\n<p>Most likely they are not.<\/p>\n<p>Even so, many of the manufacturers that embraced the digital revolution don\u2019t seize or use the opportunities in a coordinated way. With the revolution already disrupting consumer products, media, healthcare, and other sectors, and the advancements in AI, Robotics, and Machine Learning, the manufacturing industry is bound to transform in the most innovative ways. The transformation has already begun.<\/p>\n<p>Those companies that lead the digital transformation have embraced various operating principles.<\/p>\n<ul>\n<li>More authority to data<\/li>\n<li>Focusing more on products and objectives<\/li>\n<li>Create and execute processes to continuously and consistently transform<\/li>\n<\/ul>\n<p>That companies that don\u2019t adapt to the changing times will most likely fall behind. However, even if they are willing to adopt and implement digital technologies, they will still have to face some challenges. But the outcome is worth it evidently.<\/p>\n<p><strong><a title=\"Digital Transformation of the Manufacturing Industry\" href=\"https:\/\/www.verbat.com\/industries\/manufacturing\">Digital transformation of the manufacturing industry<\/a><\/strong> is not just a case of significant investments on new technology. It\u2019s practically a dramatic shift in the culture they practiced till now. Top executives already know what\u2019s at stake, and they are apparently aware of how significant digital transformation is for the supply chain.<\/p>\n<p>Here are a few more reasons that should convince them why digital transformation is indispensable for industrial manufacturers.<\/p>\n<h3>Consumer Expectations have Changed<\/h3>\n<p>Consumer expectations obviously change over the years. The digital revolution is apparently a double-edged sword that forces industries to adapt and transform while promising consumers more benefits and a better purchasing experience.<\/p>\n<p>Let\u2019s take Uber for instance. Traditional car manufacturers and Uber have something in common. They run businesses that involve moving people around. Car manufacturers meet consumer need by providing them with vehicles through their experience. Uber, on the other hand, also meets people\u2019s transportation needs except they do it with data. They match potential passengers and vehicles via smartphones. Uber is now worth over $50 billion, and it\u2019s just been five years since their humble beginning.<\/p>\n<p>They met changing consumer expectations in a different way. Though not all companies that embrace digitization achieve success, digital transformation is still imperative for industrial manufacturers if they want to meet the rising expectations of consumers, and not fall behind.<\/p>\n<p>Smarter technology grants more visibility, and introduces new digital practices that subsequently enhances focus and efficiency within and throughout the supply chain.<\/p>\n<h3>Big Data<\/h3>\n<p>The manufacturing industry generates more data than any other sector but there aren\u2019t many companies that harness this data. Such an overwhelming amount of data also hides great opportunities. These data can be harnessed to locate bottlenecks and find efficiencies.<\/p>\n<p>Because of the significance of data, a company preparing for digital transformation must design processes that ensure seamless transformation, while empowering employees to transform data from multiple sources into insights.<\/p>\n<h3>Achieving Efficiency<\/h3>\n<p>Harnessing big data is the key to achieving efficiency. The insights from mined data can help the manufacturer figure out the right path that delivers maximum efficiency. Apart from this, digitization also provides manufacturers with tools to manage their businesses better. The potential benefits include reduced expenses, reduced time-to-market, and improved customer experience.<\/p>\n<h3>Rising Demand for Innovation<\/h3>\n<p>Adopting digital technologies also adds to the flexibility of the manufacturing industry in welcoming and implementing innovative ideas. It essentially gives the business a better, more efficient framework that enables employees to do their jobs better while freeing time for more advanced levels of operations that will lead to business innovation and increased growth rate. Because companies compete on a global scale, rising up to the demand for innovation is vitally necessary unless they don\u2019t mind falling behind.<\/p>\n<h2>Conclusion<\/h2>\n<p>The path towards digital transformation is a process that requires a good amount of investment and dedication. Still it\u2019s never complete despite delivering a plethora of benefits. It\u2019s impractical for a single company to leverage every single digital advancement, but many businesses have nevertheless made great progress.<\/p>\n<p>In a marketplace where consumers demand sophisticated products and services, <a href=\"https:\/\/en.wikipedia.org\/wiki\/Digitization\">digitization<\/a> will certainly present more opportunities for business leading them to success. Competitors who choose not to go down that road will run out of steam in the long run.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here\u2019s an excerpt from an article published by Industry Today. \u201cBy 2018, only 30 percent of\u00a0manufacturers investing in Digital Transformation\u00a0will be able to maximize the outcome;\u00a0the rest are held back by outdated business\u00a0models and technology.\u201d \u2026.which makes you wonder. Are manufacturers utilizing every opportunity offered by the advancements in digital technology? Most likely they are [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":4636,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[81],"tags":[272,273,400,635],"class_list":["post-1493","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-emerging-technologies","tag-digital-technology","tag-digital-transformation","tag-manufacturing-industry","tag-verbat-technologies"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Digital Transformation in Manufacturing<\/title>\n<meta name=\"description\" content=\"Unlock growth and efficiency with digital transformation. Seamlessly integrate technology to revolutionize your business.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.verbat.com\/blog\/digital-transformation-in-manufacturing-preparing-for-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Digital Transformation in Manufacturing\" \/>\n<meta property=\"og:description\" content=\"Unlock growth and efficiency with digital transformation. Seamlessly integrate technology to revolutionize your business.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.verbat.com\/blog\/digital-transformation-in-manufacturing-preparing-for-2018\/\" \/>\n<meta property=\"og:site_name\" content=\"Software Development Company Dubai UAE - Verbat Technologies\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/verbatltd\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-22T07:00:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-22T08:19:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.verbat.com\/blog\/wp-content\/uploads\/2017\/05\/DIGITAL-TRANSFORMATION-IN-MANUFACTURING-PREPARING-FOR-2018.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Prashant Thomas\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@verbatltd\" \/>\n<meta name=\"twitter:site\" content=\"@verbatltd\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Prashant Thomas\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.verbat.com\/blog\/digital-transformation-in-manufacturing-preparing-for-2018\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.verbat.com\/blog\/digital-transformation-in-manufacturing-preparing-for-2018\/\"},\"author\":{\"name\":\"Prashant Thomas\",\"@id\":\"https:\/\/www.verbat.com\/blog\/#\/schema\/person\/6357adb182b0f5f7b9d127b309d1e1f9\"},\"headline\":\"Digital Transformation in Manufacturing: Preparing for 2018\",\"datePublished\":\"2017-05-22T07:00:08+00:00\",\"dateModified\":\"2024-05-22T08:19:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.verbat.com\/blog\/digital-transformation-in-manufacturing-preparing-for-2018\/\"},\"wordCount\":746,\"publisher\":{\"@id\":\"https:\/\/www.verbat.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.verbat.com\/blog\/digital-transformation-in-manufacturing-preparing-for-2018\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.verbat.com\/blog\/wp-content\/uploads\/2017\/05\/DIGITAL-TRANSFORMATION-IN-MANUFACTURING-PREPARING-FOR-2018.jpg\",\"keywords\":[\"Digital Technology\",\"Digital Transformation\",\"Manufacturing Industry\",\"Verbat Technologies\"],\"articleSection\":[\"Emerging Technologies\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.verbat.com\/blog\/digital-transformation-in-manufacturing-preparing-for-2018\/\",\"url\":\"https:\/\/www.verbat.com\/blog\/digital-transformation-in-manufacturing-preparing-for-2018\/\",\"name\":\"Digital Transformation in Manufacturing\",\"isPartOf\":{\"@id\":\"https:\/\/www.verbat.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.verbat.com\/blog\/digital-transformation-in-manufacturing-preparing-for-2018\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.verbat.com\/blog\/digital-transformation-in-manufacturing-preparing-for-2018\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.verbat.com\/blog\/wp-content\/uploads\/2017\/05\/DIGITAL-TRANSFORMATION-IN-MANUFACTURING-PREPARING-FOR-2018.jpg\",\"datePublished\":\"2017-05-22T07:00:08+00:00\",\"dateModified\":\"2024-05-22T08:19:29+00:00\",\"description\":\"Unlock growth and efficiency with digital transformation. 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