The World is Evolving around Digital Transformation
We are now approaching a moment of transformation across the board, brought on by a worldwide health and economic crises. The world’s population is already contending with issues like demographic growth—it is predicted that by 2050, there will have been a 30% rise in population—climate change, which brings about drastic environmental changes, as well as an increase in the frequency of natural disasters. The need to adapt to this new reality while upholding the greatest levels of productivity, efficiency, quality, and, more recently, resilience and sustainability, results from the numerous challenges that businesses and industries are currently experiencing. The good news is that all of this can be addressed and accomplished to their full potential with cutting-edge technology.
Advantages of Digital Transformation
Industrial output must evolve to increase, enabling businesses and factories to experience new levels of resilience and growth. Although some businesses have already started down this road to digitalization and are benefiting from its tremendous potential, overall, automation and digitalization levels are still modest. Let’s highlight the advantages that the industry can experience from the digital transformation:
- A 25% boost in productivity, which would cut the time it now takes for a product to get from conception to sale to the market in half. Up to 9.8 percent more money might be made each year.
- In the maintenance phase of building operations, businesses have the opportunity to realise savings of up to 20%. 80 percent of its life cycle expenditures are incurred here.
- By implementing digital technology, the transportation sector can boost its operational capacity by 20% without having to construct extra infrastructure.
We learned one thing during the pandemic: businesses that had already embraced Industry 4.0 were able to respond to the problem far more quickly than those that had not. For instance, thanks to our Digital Enterprise solutions, pharmaceutical businesses were able to increase their production and market vaccines more quickly than ever. They quickly progressed from making a few milligrammes to delivering doses to immunise the entire world by already having the automation and digitalization technology they had already put in place. We gave them the authority to implement their procedures at factories all around the world.
Adidas is a good illustration of how technology used for good can improve procedures and produce better results. This business changed its production to make it more individualised and quick. In order to give the company a preview before beginning production, simulation software is utilised to develop not just virtual representations of footwear but also their entire manufacturing process. Although it might seem like a small modification in the process, it actually has a significant impact because it decreases prices by 40%, the time between manufacturing and marketing by 30%, and increases energy efficiency.
In a manufacturing plant, more than 2,200 terabytes of data are collected each month. To realise its full potential, this data must first be created, comprehended, and then actively utilised. This can be done by fusing operational technology (OT) with information technology (IT), which allows for the retrieval of a limitless amount of data and, in turn, the opening of infinite options for manufacturers.
Industry 4.0’s effects are felt at three different levels, according to Deloitte: ecosystems, organisations, and people. In the former, every stakeholder—suppliers, partners, clients, regulators, investors, and third parties—undergoes a total transition. Organizations may become more responsive, pro-active, and predictive if they have the ability to adapt and learn from data in real-time. Industry 4.0 also affects every employee’s work personally because data and technology enable them to steer their companies in new directions.
So why not make the switch to digitalization and begin collecting, comprehending, and using data to benefit all spheres of life? Let’s collaborate to use data and realise its full potential in order to grow our ecosystem. At VigilinkIT, we think that companies can only achieve true long-term success if they begin deploying digital technology that is specifically suited to their operational requirements. Operations won’t be more productive, efficient, or long-lasting until that point.