WAY FORWARD
Published in
3 min readFeb 20, 2021
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Industry 4.0 Way Forward
𝗔 𝗙𝗼𝗿𝘄𝗮𝗿𝗱-𝗟𝗼𝗼𝗸𝗶𝗻𝗴 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵
■ Leading the Change in the fourth industrial revolution.
■ The industry is transforming & Transformation is hard.
■ Manufacturers are accelerating digital transformation using an integrated approach, and applying emerging technologies ranging from IoT, AI, Cloud, and Automation to achieve new levels of Agility, Efficiency, Quality, and Sustainability.
■ Change is the only constant and we are bound to face it at an unpredicting rate of recurrence.
■ In this context, Most organizations today recognize that the business landscape is changing and if they want to survive, they need to welcome change.
■ The most influential and persistent factor that has brought about considerable transformation has been the rise of digital technology and digital transformation.
■ This digital transformation has been the foremost trigger of change, leading to the rise of new disruptive businesses.
■ Again, companies know that they need to transform and work in a more agile way.
■ But the problem is the creation of isolated agile delivery teams unsupported by a wider organizational action plan.
■ Implementing agile at the individual team level is relatively easy but the real challenge is extending it across multiple teams in a large organization. In other words, implementing agile at scale.
■ And implementing agile at scale requires a holistic agile strategy, which means, leading the agile by being agile.
■ We can not implement it with a static change management program. Implementing agile at the organizational level requires an agile approach.
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𝗚𝗼 𝗔𝗴𝗶𝗹𝗲, 𝗔𝗱𝗲𝗽𝘁 𝗤𝘂𝗶𝗰𝗸𝗹𝘆 𝗮𝗻𝗱 𝗖𝗵𝗮𝗻𝗴𝗲 𝗥𝗮𝗽𝗶𝗱𝗹𝘆 𝗶𝘀 𝘁𝗵𝗲 𝗼𝗻𝗹𝘆 𝘄𝗮𝘆 𝘁𝗼 𝘀𝘂𝘀𝘁𝗮𝗶𝗻 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗔𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲
■ Consumer demand has become hyper-personalized, which means more manufactured goods variants, reduced lot sizes, and more frequent changeovers for manufacturers.
■ Design, manufacturing, sales, supply chain, and support must be able to rapidly adapt for embracing change.
■ Utilize new practices like design thinking and agile to scientifically move forward from ideas to prototypes to scaled implementations and delivery.
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𝗔𝗿𝗰𝗵𝗶𝘁𝗲𝗰𝘁 𝗮𝗻 𝗲𝗻𝘁𝗲𝗿𝗽𝗿𝗶𝘀𝗲 𝗶𝗻 𝗮𝗻 𝗔𝗴𝗶𝗹𝗲 𝘄𝗮𝘆
■ In the current fast-changing business landscape, organizations are redefining how they compete.
■ A new paradigm shift in current business includes following three mage trends.
■ 1. Implement As a Service model, by transforming the physical products into digital services for greater customer value.
■ 2. Collaborate and Cocreate by partnering across the ecosystem to expand your market and grow revenue.
■ 3. Grow the business by entering adjacent markets to create new revenue streams.
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Academy ti4 | www.ti4.org
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