Digital Industry. Best Practices of Digital Transformation from World Leaders
It is a matter of fact that the world is in the midst of the Fourth Industrial Revolution (Industry 4.0) today. Transformation of «traditional» factories into «smart» factories, which includes and combines many different technologies like Cyber Physical Systems, Industrial Internet of Things (IIoT), Cloud Computing, Artificial Intelligence, etc., potentially brings a huge number of advantages to the business. The obvious ones are increasing productivity through optimization and automation, ensuring customer loyalty through personalizing production, providing higher quality products through real-time monitoring, optimizing of business processes through intelligent supply chain management and after-sales service, etc. At the same time, the dramatically rapid development of Industry 4.0 and the desire of the business to take full advantage of its fruits to ensure tomorrow's global competitiveness, creates many challenges that companies are forced to deal with right now.
The incomplete list of such challenging issues includes: (1) the emergence of new business models (which, in turn, requires identification of new strategies);
(2) the necessity to rethink the organizational structure and business processes to maximize the effects of transformation;
(3) the approach to conducting pilots (in which place? at what moment? how to evaluate the result?);
(4) the need to deploy a quality change management (which is often overlooked by companies);
(5) after all, the search and development of talent for a «successful business reform».
The session will present the best cases and discuss tools for implementation advanced digital technologies into the «classical industries».