Key Strategies for Successfully Achieving Value Through Digital Transformation
September 30, 2021
Digital Transformation is the new for manufacturing companies. However, there should be a proper method to the implementation process so as to achieve the most value. We shall, in this blog looks at some key strategies that that help in achieving value through digital transformation.
What is Product Lifecycle Management (PLM) Platform
PLM is an integrated system that enables end to end management and tracking of all the processes required for product development. It includes tasks like inception, design, quality management, manufacturing, service maintenance–and the list goes on.
Additionally, PLM needs to connect with multiple data sources within the organization to successfully carry out its purpose—other systems including ERP, CRM, etc. These connections enable product teams to access information during various stages of the lifecycle.
Moving from a traditional commercial/supply chain or service-based strategy to a customer or consumer-based process is not easy. There are many different challenges and problems that organizations face when they make a move to digital transformation. Here we will look at four key strategies for successfully achieving value through digital transformation.
Strategic Enterprise Systems
Leveraging enterprise systems is critical for digital transformation and is a crucial differentiator among competitive organizations. A company’s enterprise system is a data-intensive business function essential to an organization’s core operations. It consists of multiple department applications that enable day-to-day business transactions, including software, hardware, and many other forms of information spread across engineering, marketing, and R&D.
Enterprise Digital Thread
To further enable transformation, it’s essential that the strategic enterprise systems connected at the “source” and the “sink”, leveraging continuity and connectivity of data between strategic approaches, which provides a virtual collaboration platform – Digital Thread to reduce the time for data prep, remove manual handovers and improve single access point to enterprise data.
Building the digital models of physical counterparts in the field is one of the essential things needed to realize virtual twins. With the real-life product, process and factory digital twins, businesses can collect physical data from their products through the many sensors available through IoT to be sent directly back to engineering for use in future design.
Furthermore, Digital Twins also allow data to be seen in each step of the process, so there’s less confusion around unclear processes, saving businesses time and money along the way. The game-changing technology behind virtual product development not only reduces engineering changes but also increases digital design capabilities.
Companies must optimally modernize their enterprise systems based on their own organization’s needs. The choices include on-premises, in the cloud or even hybrid options. System monitoring, migration and security are critical factors in providing the highest value and output to enterprise-wide projects.
Essential attributes for optimal infrastructure design include modern, scalable, upgradable and performant architecture to deliver services across the enterprise and directly to customers.
Enterprise-wide transformation is a crucial part of any proposed digital strategy. It can go much further when the right technology is in place to keep the required data organized and ensure efficient communication occurs quickly and consistently. As part of your enterprise-wide transformational changes, PLM will play a key role in how you design products.
By managing all aspects of each element in each production stage, you turn every product into a high-performance machine that turns out higher quality results less expensive manufacturing costs. It’s imperative to use this technology as soon as possible if you’re serious about turning your business into what it could be. A significant first step would be equipping more team members with augmented reality tools that help them establish ideas quickly through better visualization.
KloudPLM helps to bridge the distance towards technological adoption. With a cloud first based platform, companies can adapt to a future factory without having to invest too much in upgrading their technology. To find out how, schedule a demo with us today.