Industry 4.0 has become an increasingly dominant topic of conversation, both at the workplace, and outside. Globalization, and as a result, ever-growing competition are placing pressure on companies to remain competitive and find a means of dealing with the challenges.
Digitization, big data, artificial intelligence, robotics and intelligent sensors would seem to suggest that Industry 4.0 is nothing more than a technological revolution and as a consequence, a question of financial investment in new technology equipment.
But is that truly the case?
Even though the magnitude of the required transformations and changes may be seen as disruptive, and may indeed have negative connotations, the challenges in fact lie more in the human issues:
- How we choose to use the opportunities of digitization;
- How we improve speed, quality of business and managerial decision-making in relation to business results;
- How we make decision-making more fact-based;
- How we create clarity on what to focus on or which projects and initiatives we should choose.
In this new white paper, courtesy of the Business excellence experts at R&G Global Consultants, several misconceptions about the new world of manufacturing and supply chain are addressed, including the questions:
- Does data connectivity really contribute to your results?
- Why is connectivity within the value chain viewed as the Holy Grail for organizational success?
- Why should organizations be focusing on data-based decision-making?
- Is it a general truth that more data creates more value?
About the Authors
R&G is a global consultancy for operational excellence and supply chain management, specializing in helping clients achieve results through the implementation of structural changes that create excellence in their key business processes.
