Is digital the way to world class?
-Ian Walsh, Partner, Argon & Co I am pleased to say that over the last couple of years there has been a growing interest in the use of digital techniques and tools in NZ. However, it is imperative that we build this understanding rapidly so good decisions can be made. The potential to improve productivity in NZ is enormous and the early adopters of the right digital technologies will be the big winners. There’s been a lot of confusion regarding the terminologies and descriptions that come with digital adaptation. Industry 4.0, Lean 2.0, Internet of Things (IoT) and suchlike being used to describe it, and with all this jargon it’s no wonder that a lot of decision makers are scratching their heads. But the questions they are asking are quite simple: What is it? What does it do? How will that help my business? What does it cost? How hard is it to implement and maintain? These actually are the same questions most businesses would ask about any initiative or capital purchase. As with many shiny toys to ‘upgrade’ our businesses we sometimes get lost in the features rather than the benefits. Being able to collect data in real time might be cool, but if it does nothing other than add cost to your bottom line then it is also waste! We’ve all heard a story of excessive spend on IT with little to show for it. Hence why the uptake has been so slow, with business owners wanting to understand the benefit before committing any capital. The fundamentals are still the same. Having good continuous improvement framework, process understanding and business structures are the cornerstones of a successful digital journey. As with more traditional Lean methods you must understand the customer and the value they will pay for then […]