What step are many companies missing to ensure their Industry 4.0 initiatives succeed? Why Strategy Matters to Industry 4.0 Success discusses the importance of enterprise strategy. The right strategy makes even pilot projects more likely to live up to their potential. This eBook talks about how thinking big for enterprise transformation makes initiatives more pragmatic.
Please enjoy the summary* below. For the , please visit our sponsor, Critical Manufacturing (registration required).
Small Steps Need Firm Ground in Strategy
How can manufacturers take realistic steps to pursue Industry 4.0? The obvious answer is: get started with small projects. Yet, that may not be the best answer. Research shows that half of industrial internet of things (IIoT) projects are failing. It appears something is missing.
According to research, that missing step is often setting an enterprise strategy for the transformation. Industry 4.0 is far broader than the manufacturing plant’s operations and processes. Every department plus the ecosystem of suppliers, distributors, and partners are involved. Only with an enterprise-level transformational strategy can manufacturers design, prioritize, and execute projects with assurance that they will build toward Industry 4.0. Companies must rely on what’s working, but also expand their view into the realm of what might be possible, even if it has not been to date.
Foundation for the Future
Strategy matters to Industry 4.0 success in several ways. Projects that have a clear context in strategy can deliver benefits not only locally, but roll out more widely and deliver enterprise benefits. Continuous Improvement (CI) progress can be smoother and more assured. With that clear strategic foundation, Industry 4.0 enables manufacturers to deliver higher value to their customers and markets now and into the future.
In short, Strategy Matters to Industry 4.0!
*This summary is an abbreviated version of the research and does not contain the full content. A link to download the full report is .
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