We are living in the dawn of a new era. Whether you call it Industry 4.0, Industrial Internet of Things (IIoT), or Smart Manufacturing, there’s no denying that manufacturing is evolving at a pace never seen before.
With the dawn comes illumination, but not necessarily clarity. The breakneck speed with which companies are figuring out how to collect (and find value in) massive amounts of data, and integrate digital technologies such as industrial robotics, 3D printing, machine learning, OCR, cloud computing, augmented reality, and sensors, can make the Industry 4.0 revolution seem intimidating and enigmatic.
A question on many lips these days is: how can Digital Transformation (DX) solve my manufacturing challenges?
The rapid pace of today’s business means that relevant skills are becoming outdated more quickly than ever before. This naturally creates challenges for companies that are trying to innovate and achieve growth.
It’s a fascinating time to be in finance, especially for those of us who enjoy a challenge, change, and personal growth. For those who don’t, the way ahead could be tough. Industry 4.0 becomes the prevailing paradigm for manufacturing, finance, new technologies, collaborations and new ways of thinking need to be embraced.
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I was recently approached by my cell provider to upgrade to the latest and greatest plan that will support the latest and greatest smartphone. As I was conversing with the person on the other side of the line it dawned on me that in our ERP world it is not much different.
I recently had the experience of upgrading my Samsung phone to the S9+. Now for all the iPhone fans out there, this is not your cue to stop reading, this story has relevance to you too.