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The Supply Chain Management Blog covers the latest in SCM strategy, technology, and innovation.

Are Today's Industrial Manufacturers Ready for Tomorrow's Reality?

Julia Vagdati
Product Marketing Director

Industrial manufacturers face unprecedented challenges; they must continue to increase operational efficiency, while managing a hyper-connected world where customer expectations are rising rapidly and changing constantly. At the same time, as the rate of technological adoption increases, time to market is reduced, innovation is enhanced, and new business models—such as product-as-a-service—are enabled.

In today’s charged business atmosphere, industrial manufacturers need to move quickly to stay relevant. According to McKinsey there is a trillion-dollar opportunity for the industrial sector. As data, connectivity, and processing power expand, industrial companies should be looking to technology-enabled transformations for their next horizon of performance improvement and growth.

But are today’s industrial manufacturers ready to do that? 

To find out, Oracle partnered with Elastic Solutions on a study targeting Industrial Manufacturers and how they’re leveraging disruptive technologies to improve their operations and drive the next productivity and efficiency gains. Scott Renner and I discussed the results of the study, in the webinar "Are Today's Industrial Manufacturers Ready for Tomorrow's Reality?". We talked about the role and adoption of disruptive technologies (such as IoT, AI/ML and Blockchain), Industry 4.0 and smart factories and how industrial manufacturers can extract full value from technology.

Click HERE to watch the webinar recording.

You can also download the executive brief and look at what your peers are doing, not only today, but also their plans for the future so that you can identify areas of competitive advantage and create new opportunities for growth.

 

 

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