Manufacturing is no longer only about creating physical products. Changing consumer demand, the nature of products, the economics of production and the supply chain are also key.
As technology continues to advance exponentially, in the fourth industrial revolution, digital analytics enables a new level of operational productivity. Ubiquitous connectivity throughout supply chains, pervasive sensors and data analytics will drive efficacy and new business models in the manufacturing sector.
These shifts will generate many distinct opportunities:
- Higher efficiency
- Enhanced effectiveness
- Increased predictability
- Deeper engagement