Why evolve? Four reasons to seize Digital Transformation
The Fourth Industrial Revolution is all about digital change. From AI, robotics, IoT technologies, and many other innovative solutions, the evolution of the business world is turning digital. All those initiatives and technologies are wrapped in a single concept: Digital Transformation, but what is this, exactly? What’s being transformed? More importantly, should you embrace the concept of Digital Transformation? This blog gives you four reasons why you should let your manufacturing evolve and transform into a digital success.
The evolution of your business: Seize success through Digital Transformation
There was a time when the manufacturing industry was little more than hammer, planks of wood, and nails. Then, people learned how to mould iron. Steel after that. Machinery came into play, steam-, or even pedal-powered first. Electricity revolutionized the industry throughout the 1900s, as the first electric machines were fitted in factories. Computers, robotics appeared much later after that. The manufacturing industry has steadily evolved from humble beginnings to a multi-million dollar business. The next step in that evolutionary process is happening right now. The Fourth Industrial Revolution is ongoing at present and this time, the evolution is digital. Thousands of companies across the globe have taken the decision to embrace Digital Transformation, to take their business to the next level.
Here’s four reasons why you should do the same:
It is easy to become complacent, especially if the business is doing well. If it ain’t broke, don’t fix it, as the saying goes, but just because the business is doing well now, it doesn’t mean it will still be so in a year, or five years down the line. Complacency often leads to stagnation, to lack of drive for innovation, and this can be the kiss of death for your business. Digital Transformation will future proof your operation, as with transformation comes innovation.
This term may evoke negative connotations or feelings, but it’s in fact quite the opposite. Innovations in technology lead to changes, positive changes, in a business’ ethos and capacities. The established ways are disrupted by the new technologies, leading to new ways of thinking and doing business. These changes will add value and weight to the organization, keeping stagnation away, and possibly opening new revenue streams.
Staff work better in a digital environment. Digital Transformation streamlines processes, making them simpler to follow and to adhere to. When employees work better, they produce more, increasing yield, and therefore revenue.
Simplicity was the norm when it was just hammer, nails, and wood. Customers expected simple things, because that’s all that craftsmen could do back then. Technology was a long way off, so customers did not ask for much. The customer of today is a much different creature. We have come to expect high standards from any item we purchase, and so the manufacturing process behind that item must be able to fulfill those expectations. The digitalization of the manufacturing processes, along with enhanced maintenance techniques, will bring in more stability and reliability to the entire flow, from raw material to finalized product. This in turn will lead to better quality items, increased customer satisfaction, and crucially, elevated revenue.
So the Digital Transformation evolution is a critical stepping stone to seize success and make it yours. There are different ways in which to implement these necessary transformations, but one certain way to aid your business enter its future stage is through Microsoft Dynamics 365 for Operations. This software solution will integrate every critical aspect of the business into one seamless platform to conduct business through.
These are just four reasons to embrace the digital challenge, but there are many more. New digital technologies will always be introduced, and your business needs to become a digital-ready platform to implement whatever new device or process comes its way.