Digital transformation and Industry 4.0 are now rising. How? Read below to know.
What is Digital Transformation?
If your company is still doing business the way it used to do five years ago, then you are in dire need of digital transformation.
Digital Transformation is a period when organizations are changing the way they do business. This is to keep up with the changing needs of customers. This change can be brought about by understanding consumer behavior. Or by mapping out what customers want or need and how they make purchasing decisions.
Digital transformation is not just an IT project, it is a journey that involves every stakeholder within your organization. The true measure of digital transformation is not simply about where your organization is now. But it is also about where it will be one year from now.
When you are looking at digital transformation then you are looking at where your company will be three years from now.
What is Industry 4.0?
Today, we are seeing the advent of a new industrial revolution. One in which the internet of things (IoT), sensors in machines, and data in motion will be increasingly connected with people and processes. It will allow customers to interact more seamlessly with products and services.
Industry 4.0 allows manufacturers to design, produce, operate and service increasingly complex systems. In a nutshell, Industry 4.0 is the fourth industrial revolution. This will allow manufacturers to achieve greater efficiency and increase production output. This is through virtualization, automation, and data exchange between machines.
Digital Transformation and Industry 4.0
To get Industry 4.0, factories need to have greater connectivity. The IoT and sensors will be connected with people and processes. This will allow organizations to use data in motion to create better products, services, and experiences.
To fully reap the benefits of Industry 4.0, manufacturers should have a clear picture of what customers want from them. They need to have a very strong understanding of their consumers’ behavior patterns. They should know how customers make purchasing decisions. This is so they can create a product or a service that meets the needs and wants of every customer.
Digital Transformation is a process while Industry 4.0 is a state or a destination. The two are mutually dependent on each other for success. The former will help your company get Industry 4.0 while Industry 4.0 will help you achieve digital transformation.
Also, Industry 4.0 can help you get a healthy dose of digital transformation. This is because it allows manufacturers to design, produce, operate and service increasingly complex systems. It allows manufacturers to get a clear picture of what customers want from them. This is so they can create a product or a service that meets the needs and wants of every customer.
So, digital transformation and Industry 4.0 are two sides of a coin. You need to have a healthy dose of both to achieve success in the long term. What do you think? How will digital transformation further help with the rise of Industry 4.0?