Digital transformation in manufacturing industry
Digital transformation encompasses everything physical like products to be virtualized. Digital twins and digital process increases probability of optimizing things. Based on future requirements we will have out of box ideas and newer architecture and everything will be connected.
Ecosystem strategy will emerge which will embrace customer opportunities and challenges and simultaneously be able to monetize it. Currently it is making impact on logistic part of value chain. Adding cross functional flavor to digital innovation and development will be advantageous.
Strengthening customer insights based on customer life-cycle, customer journey visualization (approach) is important. Taking service to strategic level for use is needed. And in this lot of ideas can come from bottom up approach in organization. Everything within organization is being touched by digital, it is creating innovation leverage. Leaders in the industry must put themselves in the middle of things to take most of the benefit of this digital transformation.
