Vauhtipyörä: Midagon Industrial Digitalization
joulukuu 8, 2015
Industrial Digitalization must be approached from a business rather than from a technological perspective. There are too many companies that start with technical pilot projects in order to determine what should be done. Although the pilot projects may deliver promising technical results, they do not identify where the funding will come from.
The Industrial Internet is an essential component of Industrial Digitalization. However, there are many other opportunities that companies can benefit from. These companies could also benefit financially by using data analysis to identify opportunities that could be derived from their existing industrial processes. Improvements in customer management and supply chain processes could result in increased revenues and higher profitability. What the real opportunities are can be uncovered by It is possible for companies to utilize Process Mining or other analytical methods in order to identify new opportunities.
Technology and processes should also be considered (in addition to business) when planning for the successful implementation of new industrial digitalization based services. Technologies are currently available that will provide unlimited opportunities to adopt and implement more efficient services. Process development has a proven history with existing methodologies such as lean development. In order to successfully implement these new processes, special attention must be paid to the business and the people.
The primary focus of Industrial Digitalization development should be on the business. The processes and technology can be implemented later. The focus of Industrial Digitalization planning should be on business strategy and the strategic objectives of the company.. This focus will enable the company to prioritize their development initiatives. It will allow them to select those with the greatest rewards while minimizing potential risk and exposure. We have found that many of the most lucrative opportunities are not the most technically intricate ones. They are often actions that companies can implement easily with reasonable costs.
In order to successfully implement Industrial Digitalization initiatives requires three main steps. The first step is to select and test new technologies. Once that is done, it is necessary to analyze and re-engineer the different processes. The third step is to ensure that all of the key stakeholder groups are involved in the planning process. If these steps are taken, it will ensure that the new services are adopted and implemented smoothly and efficiently.
Industrial Digitalization should be viewed as another phase in the development of industrial operations. Companies have always succeeded and failed based on their ability to respond to change. Those companies that respond best to those changes and develop a strategy for Industrial Digitalization are most likely to succeed.
Midagon is at the forefront of the digital change process. Midagon will carry these strengths forward into the future. We will always be ready to respond to the new changes as they occur. There is a definite analogy to the Star Wars legacy. Midagon wants to challenge all Vauhtipyörä readers to actively participate in the Midagon Digital Industrialization discussion on Linkedin in order to contribute to the story.
You can read more about the Midagon approach to Industrial Digitalization in our new White Paper.