The next-generation manufacturer: How to transform into a digital business
Growth, innovation and operational excellence have long been the business outcomes that manufacturers seek to achieve. And while these priorities haven’t changed, the means to attain them is changing significantly.
In today’s digital world, technological advancements combined with external market forces—the new connected consumer, increasing influence of emerging economies, a growing skills gap in the manufacturing workforce, complex regulations governing both products and markets, and more—have catapulted the manufacturing industry into a new era, where the path to profitability is shifting.
For next-gen manufacturers to sustain competitive advantage, digital transformation is now essential. At Microsoft, we believe this digital shift reflects their opportunity to grow, adapt and evolve to meet the changing needs of their customers, and the new business opportunities of tomorrow, by thinking and operating like a digital business.
But what does this involve and how do manufacturers best succeed?
In a new industry whitepaper, we discuss the opportunities for the discrete manufacturing industry to transform to address the changing needs of its customers and capture new business potential.
To achieve success, this involves manufacturers rethinking how their organization operates and how it generates value. It’s about seizing the opportunities of digitalization to improve operations, to accelerate productivity and responsiveness, to innovate the products and services they offer, and to expand into new business models.
The promise of digital transformation is tremendous. According to Keystone Strategy, organizations that take the steps to embrace digital transformation to evolve how they leverage data, analytics and the cloud generate an average of $100 million more operating income each year than those who lag behind.
To learn how to get started today, and how Microsoft can help accelerate your digital transformation, download the new whitepaper here.
Twitter: @sanrav
