Long before the pandemic, early adopters of Industry 4.0 initiatives already saw significant benefits from their investments.
When COVID-19 hit, these first-mover companies gained a competitive edge, thanks to their agile and resilient business models.
According to McKinsey, going digital is no longer optional for manufacturers. But to scale and sustain the adoption of digital transformation, these manufacturers must:
– Break out of the pilot trap by clearly articulating their desired future, understanding their most pressing business problems, and being specific with the technologies to adopt.
– Target the right industry 4.0 priorities to increase operational efficiencies and approach innovation and growth with a focused lens.
– Invest in workforce learning and development to drive capability building.
How far is your organization in the digital transformation journey?