Nearly all of my client and candidate contacts talk about a kind of dogfight ahead of us as companies look to own their digital arenas in their respective sectors. For the industrial giants, warmer things seem to be said about Siemen's and Honeywell's longer term future while there's less faith in ABB or GE. But how about the regular manufacturing companies? Of those, who will win out and how?
According to Ravi Krishnamoorthi, the Sr. Industry Partner, Manufacturing & Automotive at Fujitsu Global, today strategy is about a real time data focus. “It is by examining the real-time data that you can discover your point of difference, and you can ask the right questions. By doing this, manufacturers can improve their process, price and margin; and they can do this at speed.”
To adapt, businesses must approach their data in two ways. Firstly, manufacturers must leverage the real-time data at their fingertips. Having insights into what is happening now, rather than analysing averages from the last 12 months, presents the opportunity to derive higher value from data and to make more informed, realistic decisions. The second difference for businesses is that the initial problem or question isn’t immediately obvious. It is by examining the real-time data that you can discover your point of difference, and you can ask the right questions. By doing this, manufacturers can improve their process, price and margin; and they can do this at speed. The manufacturers that can meet both these requirements, shift IT thinking to a new, real-time enterprise data strategy, with IoT, analytics and AI at the core, will be the ones that are lifted above their competitors.
https://www.theengineer.co.uk/digital-technologies-manufacturers-data/
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