The 4th industrial revolution is now upon us. Overlaying lean operations with connected technologies can enable new and more efficient processes, services and business models. It is the next level of maturity in operational excellence, promising better synergies between machines and their human counterparts.
It brings with it many opportunities that can have significant positive impact across the value chain, optimizing efficiency, productivity and quality, and driving cost reduction as well as enhanced levels of flexibility, innovation, sustainability and workforce empowerment.
However, successful implementation requires careful planning, investment, and a commitment to adapting to the evolving technological landscape. Hundreds of millions of pounds are being invested by manufacturers across supply chains on the premise of a step-change improvement in operational performance and game-changing financial returns – but the digital journey is not a simple one, and many businesses are failing far short of expected returns as they experience one or more of the many pitfalls.
So is the 4th ‘revolution’ actually happening? Whilst businesses that successfully navigate the challenges can harness the full potential of digital and gain a competitive edge in the market, many cannot, and are burning significant time, effort and money at a time when margins are facing unprecedented pressure, and they’re not seeing any resultant impact on EBITDA performance.
EFESO helps clients successfully navigate the complex digital journey. We deploy robust and proven digital solutions addressing challenges across industrial value chains, and work with clients to align business strategy, objectives and desired outcomes with digital deployment, ensuring they have the necessary tools, skills, and capabilities in place to collect, collate, and analyze data, and to create insights that drive sustainable business change, all with a clear and direct link to EBITDA performance.
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About the author
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Andy Yearsley, Principal |
