A process for implementing IoT in your manufacturing business is important. Don’t just start putting in sensors, but rather follow the steps outlined in the visual next to this on my website. This podcast walks you through a common and simple example to help you succeed with IoT.
Transformation is a buzzword in common usage, but the word itself has real meaning. It is so much more than change. If you truly see the need to transform, the baby steps of improvement won’t get you there. Organizational mission (why) and vision (what) must reflect the future you are trying to create. Mission and vision are your True North. Strategy evolves, whether you are looking to transform or simply get better. Based on that, do you need to transform?
Yes, technology is a common thread to the disruption of many industries. But technology is the great enabler, not the focus. Socioeconomic factors, as in the first industrial revolution centuries ago, are the driver. Profitable manufacturing will require leveraging of emerging technology soon. You—the leader—must concentrate on solving important problems that needn’t exist, and only then consider the role of technology in eliminating them.
When someone enters your space using new technology, you can fight to protect your space the way you always have. But no one can stop time. To thrive in the next decade, you must identify, understand, prioritize and leverage new technologies AND business models that create and deliver value in new and profound ways.