Information management will unlock the digital revolution in manufacturing
George Harb, Regional Vice President APAC – Business Ecosystems During the pandemic, many industries quickly realised they weren’t as prepared for digitalisation as they thought. The manufacturing industry was no exception; the rapid shift to remote work was a challenge as the necessary digital infrastructure was not in place for many organisations. This impacted the workforce significantly by limiting information access. The manufacturing industry was already facing a challenging business environment with increased supply chain complexities and expanding regulation. COVID added new challenges to the mix forcing organisations to adapt to the ever-changing circumstances. The organisations that had sufficient infrastructure in place were able to easily transition to remote work. Advanced technologies allow for a more agile workforce however, they can only succeed when there is a proper foundation, which is an effective information management (IM) solution. Investing in an IM platform allows manufacturing organisations to be agile and pivot at a moment’s notice. This is because key stakeholders can access critical information regardless of where they are located. Organisations that fail to implement an IM strategy will fall behind competitors, given the business lacks agility and the ability to react to changing market conditions. So, how can an effective IM strategy help manufacturing organisations gain full value from the transformative technologies available today? The value of accessible data The manufacturing industry produces an astonishing level of data and the number of data collection tools is continuing to grow. For example, IDC estimated that connected Internet of Things (IoT) devices will generate 70 zetabytes of data by 2025. This increases visibility, control and efficiency, however these benefits are only achieved when useable data is created. When IoT is combined with data from other technologies such as artificial intelligence (AI) and blockchain, a real transformation can take place as there is […]