To effectively minimize the complete risk spectrum for your digital factory, make sure you adopt a value-centric transformation strategy, construct a good program design, and generate effective program governance.

Fremont, CA: Manufacturing businesses can face significant obstacles when it comes to digitizing their operations. The underlying data sources that manufacturers have access to can vary greatly. Convergence of IT, operational technology (OT), and the human aspect may pose additional issues for businesses. Last-mile OT connectivity and DIY development projects and selecting a solutions platform architecture that blends speed, flexibility, and scale without sacrificing double-digit performance gain can be challenging.

Talent in terms of 21st-century skills is an integral part of the transition process. Due to the value of domain-specific skills, many sectors and businesses may confront a significant barrier in locating qualified employees. They can address this by launching targeted talent campaigns aimed at specific demographics and skill types. When a talent effort incorporates the correct collaborations with universities, reskilling institutes, and related centers of excellence, it will be the most effective.

With the correct strategies, you can overcome many of the problems that come with innovation. Never before has the industrial world faced so many simultaneous innovation opportunities. For factories, IoT, analytics, AI, augmented reality, digital twins, digital threads, spatial computing, cloud computing, generative design, and additive manufacturing are just the beginning. Each of these technologies might be disruptive on its own, but they can be genuinely transformational when combined.

The purpose of these strategies should be to turn latent performance management into a closed-loop, minute-by-minute, hour-by-hour, shift-by-shift, week-by-week problem-solving system. Ensure your system can identify significant bottlenecks and limits, provide insight into where improvement opportunities exist, assign resources to implement improvement initiatives, and document and preserve outcomes inside the problem-solving system.