Status of digital readiness for Industrial Transformation programs globally

We all know something big is happening “out there” in industrial operations around the globe. Companies are going beyond standard practices in Continuous Improvement (CI) as they seek step change improvement. Among them, programs go by a range of names: Digital or Industrial Transformation, Industrie 4.0, Smart Manufacturing, and many others. Whatever your company calls it, questions remain.

• What are the “big” things industrial companies are trying to accomplish?
• How are they going about it (strategically and tactically)?
• What are the key indicators of digital readiness?
• And what, if anything, is delivering significant improvement?

To answer these questions, LNS Research conducted a global survey in December 2018. The study reveals that two-thirds of companies have implemented, are currently implementing, or plan to implement an IIoT program.

Read on to examine what the survey data reveals about the exact status of digital readiness for Industrial Transformation (IX) programs globally. LNS Research includes in this report findings on how companies define, scale, staff, and fund IX programs. You’ll learn about the duration, technology and organizational structure they use. The data also shows how companies integrate plant management and shop floor employees into the overall program. Finally, this report identifies best practices around Industrial Transformation.

Contents: 

• State of Industrial Transformation
• Organization and Budget Considerations 
• Technology Choices 
• Impact of IT and OT on Digital Readiness 
• Recommendations and Resources 

This is an excerpt from the “Understanding Industrial Transformation Today” report by LNS Research, sponsored by Hitachi Vantara. 

For more resources on IIoT on IIoT World website, click here.