What is Digitalization?
For manufacturers, digitalization means using digital tools such as IoT devices, AI, and edge/cloud computing to gain better visibility into their processes and outcomes. But digitalization doesn’t just mean more technology on the manufacturing floor – it extends all the way from product development, factory optimization and back-office operations to supply chain functions and data analytics.
Why embark on the digital journey?
The benefits of embarking on a digital journey can be seen throughout the manufacturing floor – and beyond – through increased efficiency and quality, reduced costs throughout the product lifecycle, faster decision-making with fewer unknowns, and even an improved customer experience. And in most cases, manufacturers see a combination – or even all – of these benefits.