The manufacturing industry is maturing fast as around 60% of companies have started to adopt digital transformation solutions. Remaining companies have started to focus on digital solutions. Before getting started with how the manufacturing industry is steering success with digital innovations, giving a basic understanding to its processes is recommended. The manufacturing processes differ between companies. Let’s consider discrete manufacturing companies to understand the role of automation in overall manufacturing productivity and RoI transformation. Also, let’s discuss how digital transformation services and solutions are transforming manufacturing companies below.

You have been hearing about the Fourth Industrial Revolution. It’s probably the hottest topic for businesses, thought leaders, policymakers, scientists and of course technocrats. Klaus Schwab, the Founder and Executive Chairman of the World Economic Forum, who coined this term, writes – “The First Industrial Revolution used water and steam power to mechanize production. The Second used electric power to create mass production. The Third used electronics and information technology to automate production. Now a Fourth Industrial Revolution is building on the Third, the digital revolution that has been occurring since the middle of the last century. It is characterized by a fusion of technologies that is blurring the lines between the physical, digital, and biological spheres.” He makes a very important, pertinent point – “Neither technology nor the disruption that comes with it is an exogenous force over which humans have no control. All of us are responsible for guiding its evolution, in the decisions we make on a daily basis as citizens, consumers, and investors.” While Digital Transformation as a term is still misunderstood, today, digital transformation as a business imperative is widely agreed upon. What then is a digital transformation in practice? Is it an IT project? Or the introduction of a few cool tools in the company? Or the addition of mobility is driven customer relationship management (CRM) initiative to engage customers better?

Setting out for digital transformation without a definite strategy is like a bird without wings. Not many companies have even the slightest idea of developing a robust roadmap for their digital transformation initiative. As business transformation using digital technologies is a long haul, executing the program without any plan can be detrimental to business, as this involves people along with model and culture. And, partnering with reliable digital transformation services is highly recommended for success. Even before setting out for a digital strategy for business transformation, it is a must for C-level executives to decide on 3 things: Why is digital transformation important? What needs to be transformed How to transform As a business owner if you have the answers for the above questions, then you can get start with the strategy. Else, try to figure out the answers first before getting started. More than 56% of organizations that don’t have any place for the digital transformation approach have failed miserably.

Digital transformation is the new norm and most enterprises have already started to reinvent their traditional processes with advanced digital solutions to improve productivity, customer experience, and RoI. However, according to reports, a staggering 70% digital transformations fail even before they begin. A major reason why many companies are clueless on how to get started with the Digital transformation is that they don’t have any specific objective and what to automate. Remember, digital transformation is not about automating everything, but only what is required. It boils down to a thorough understanding of what digital transformation is all about, who needs digital transformation and why it can impact the overall performance of any enterprise.