Developing Digital Transformation Strategy for Manufacturing

Abstract

The digital era is characterized by fast development, growth, innovation, disruption. Organizations that want to survive must be ready to adapt to the new digital landscape. The digital transformation process is more than just implementing new technology, investing in tools, or upgrading existing systems. These steps are important, but they are not the whole picture. If an organization wants to stay competitive, it won't just be able to respond to changes, it should expect them and stimulate innovation itself. To do this, companies need to plan ahead and be active designers for their future. This is where the digital transformation strategy comes in. The digital transformation strategy helps leaders answer the questions for their business such as the current digitalization level, future vision, how to get there. To be protected from digital disruption, companies need to develop three core competencies related to awareness, informed decision-making, rapid implementation. The development and implementation of a digital transformation strategy have become a key concern for many organizations across manufacturing industries, but how such a strategy can be developed remains an open question. In this paper, we will be discussing how manufacturing could develop a digital transformation strategy that including a different aspect of the strategy tailored to the nature of the manufacturing sector.