Amid the excitement of Industry 4.0, new technologies have been applied in manufacturing environments at a high pace, including IoT platforms, big data, machine learning and augmented reality, among others. However, the companies that have implemented these technologies have lacked an overall digital transformation strategy.
So back to the basics of Business 101. Start with a realistic plan, the plan should have a clear start and ending point with realistic and measurable goals within the plan. Getting everyone on board with the idea that there is true value in data can sometimes be difficult.
Digital strategies fail more often because of too little ambition
rather than too much.
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