"Business transformation is not a destination - it is a journey. This white paper examines the associated opportunities for manufacturers and how to stay relevant in a highly competitive environment. If done right, business transformation brings a lot of advantages such as revenue growth, market share growth, and higher value for customers. There is real business value for OEMs, servicers, and operators that lies in top-line revenue growth and bottom-line cost savings using equipment’s digital capabilities.
How to not only survive but thrive in a market where threats come from the most unexpected corners? Start by defining business objectives at the very beginning of your business transformation journey and then allocate the technology that meets these needs.
The metamorphosis of manufacturing involves leveraging data to generate new insights, benefiting from predictive maintenance, and harnessing the power of IIoT for effectiveness improvements. The jewel in the crown of business transformation is the final stage of the journey - an entire business model transformation which involves a redrawing of the value chain architecture and results in providing more customer-centric products. (...)
Although the term business transformation has been widely used across industries, there is no common understanding of its meaning. In its core, business transformation is all about changing business processes within an organization. Nowadays, the high-level goal of that transformation is to make the enterprise more customer-centric and at the same time, enable its competitiveness in times of market disruption."