Digital transformation is the process by which businesses adopt digital technologies to keep up with competitors and adapt to trends. Key factors for successful digital transformation include leadership, developing digital skills, establishing a digital mindset, implementing digital tools, and clear communication. Digital transformation in manufacturing involves using less paper, streamlining processes, and optimizing production through data control and effective communication. Emerging technologies driving digital transformation trends in 2020 include 5G, artificial intelligence, blockchain, cloud computing, and the Internet of Things. Statistics show increasing investment and adoption of digital transformation strategies across industries.
3. DEFINITION
Digital Transformation is a process by which every size
and type of business has toembrace the use of digital
technologies.
This transformation is essential to keep up with the
competitors, to adapt the business model to the current
trends, to speed up internal processes, and to reinforce
the audience engagement and retain existing
customers.
Thinking, planning, and building digitally sets you up to
be agile, flexible, and ready to grow
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4. KEYS TO SUCCESS
DIGITAL TRANSFORMATION CHARACTERISTICS
1. Having the right leader
A leader is one of the keys to transformation success.
Motivation, commitment and involvement are key factors.
2. Skills development: it is critical to define individual roles
and responsibilities to align with the business goals of digital
transformation, you must rely on key employees to translate
business requirements into digital solutions and provide
training in key areas to manage the transformation.;
3. Digital Mindset: establishing new ways of working and
giving employees a say on where digitization could and
should be adopted.
4. Digital Tools implementation: adopting digital tools to
make information more accessible, to speed up processes
and company operations.
5. Digital Communication: clear communication is critical
during a digital transformation.
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5. Changing global markets are leading to more demanding
customers that are seeking higher quality goods at the
same cost. All manufacturers are facing a new era of
digitization.
Reshaping a business model takes time, and the whole
restructuring process needs a new mindset.
Key activities like using less paper and moving all
documentation to digital storage equivalents and
using fewer processing stages and to accelerate
operations will become the norm.
These practices can provide many benefits in the areas of
data control, maintenance, production optimization and
more effective communication.
Perventive Medicine
- 5 -
DIGITAL TRANSFORMATION IN
MANUFACTURING
6. TRENDS 2020
5G: It is a new global wireless
standard. It speeds up the
data connection; intensifing
the cloud, all devices will
depend less on the internal
memory, it is able to perform
remote action in real time,
and give manufacturing the
freedom to move operations
quickly from one location to
another, without being
anchored by slow
connectivity and time
consuming
Al and machine learning
implementation: AI
algorithms and platform will
enable machines to perform
these complex tasks at much
faster speeds than humans,
reducing errors. Collecting
data and historical
information about a
machine’s performance to
ensure repairs or
replacements occur at the
right time.
7. TRENDS 2020
BLOCKCHAIN: It is a
technology that helps store
and record all sensitive data
and transactions in a new
safe network in which it is
almost impossible to falsify
documents.
The enterprise is exploring
ways to utilize blockchain
technologies in everything
from finance to
manufacturing.
CLOUD: it incorporates
servers accessible by a
simple click because they are
stored in a remote location
on a network and the
software and databases that
run on those servers. It is
cheap, can be used by
everyone
IoT: new IoT applications will be instrumental for
collecting, monitoring, measuring critical production
data and use cloud software to turn this data into
valuable insights about the efficiency of the
manufacturing operations.
8. STATISTICS 2020
50 Vital Digital Transformation Statistics: 2020 Spending,
Adoption, Analysis & data
BY NESTOR GILBERT . Available at:
https://financesonline.com/digital-transformation-statistics/
9. STATISTICS 2020
Digital Transformation Strategy in Manufacturing Industry –
Business Transformation Trends for 2020
By Ayaj M. 28/11/2019 Available at:
https://techaffinity.com/blog/digital-business-transformation-in-
manufacturing/
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