Ready to go digital?
ProjectOne is inviting manufacturers, production sites and agro-processing plants. FREE 15min digital readiness assessment.
The globalized economy means local manufacturing now plays a global game where digital readiness equates competitive advantage
20 years ago, it was a given that a customer would make purchases from their nearest supplier or the best quality available in their region. Today, customers have suppliers from across the globe to choose from and the deciding factors are quality and price.
Manufacturers who advance using digital innovations are improving the quality of their products, cutting costs, and growing and expanding their capacity to respond to global competition. While local enterprises are pressured by the influx of imports, economic strain and Covid-related complications, 4IR and the use of the right digital tools and platforms allow manufacturers and production plants to rise to global competition.
By leveraging technology to minimize operational costs and maximize profits and capacity, enterprises can increase their competitive advantage and gain a larger market share. Businesses operating in the ‘new normal’ are faced with optimizing increasingly scare resources. As 2021 begins, businesses need to answer ‘how’ they will meet the new challenges they are faced with and ‘are’ prepared to leverage SMART manufacturing and 4IR to do so. The answer lies in a facility’s Digital Readiness and the stage of its Digital transformation Journey.
Advancing into the 4th industrial Revolution and leveraging technology such as big data analytics, the Internet Of Things, Robotic equipment and Artificial Intelligence means achieving a competitive advantage and fast-tracking business growth. The cost of inaction has increased in recent years, as demonstrated by a large number of South African factories and production facilities shutting down since 2015. At the end of 2019, before the effects of the global pandemic were felt, 19% of the South African manufacturing industry was underutilized. To rise to these challenges, respond to the pressures of imports and compete in a new globalized economy, integrating processes and products with API services offers small enterprises solutions that increase capacity and reduce operational costs, help medium enterprises grow and focus on digital strategy to reach businesses objectives and advance large enterprises to digital maturity, where they are no longer reactive but proactive.
The above shows stages of the digital journey from realizing your digital needs and starting your digital journey. through to Digital maturity. To learn more about assessing your enterprise’s digital readiness and strategically advancing into 4IR,