The Strategic Importance of Digitalization
Digitalization is changing the landscape in manufacturing as companies adopt Industry 4.0, Smart Manufacturing, and Digital Transformation initiatives. In fact, a recent Tech-Clarity survey shows that over one-half of manufacturers believe that digitalization / digital transformation initiatives are “important” if not “critical” to achieving their business strategy.
The Internet of Things (IoT) is a critical component of digitalization in the plant, helping companies connect with production assets to better monitor how they perform. Beyond gathering data, manufacturers can leverage advanced analytics to gain real intelligence about plants and production to improve operations, driver higher performance, and guide continuous improvement.