Promoted content: Standing out in the Industry X.0 era
Industry 4.0 Week partner Accenture offers some practical advice on how manufacturers can use digital technologies to become more agile
Nowadays, being a digital business is the price of admission. We’re entering the post-digital era and to stand out takes something extra. From now on, the leading industrial companies will be the ones that can use technology to meet consumer and client needs at the time when they’re most pressing.
To be able to respond rapidly to such short-term markets and opportunities, manufacturing must become more flexible. As the made-to-measure economy expands, we’ll see smart connected products being assembled exclusively to order, at the closest possible location to each customer. Developing this agility is the next essential step for industrial companies.
Industry X.0 businesses move beyond experimenting with new digital technologies like social, mobile, analytics and cloud. They understand how to combine them to drive growth, create new, hyper-personalised B2B and B2C experiences, and deliver outcomes. These businesses share four key characteristics. They’re smart, every one of their products and production processes is self-monitoring and data-generating. They’re connected, with seamless real-time communication and data-sharing between their people, products, systems, assets and machines. They’re living, with the ability, as organisations, to act with speed, focus, and agility. And they’re learning, always adapting to create relevant and differentiated user experiences
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