How to Fail at Your Industrial Transformation Project
Industrial Transformation “focuses on transforming industrial processes and operations using emerging technologies.”
Powered by new digital technology including the Industrial Internet of Things (IIoT), Big Data and Artificial Intelligence (AI, industrial transformation (IX) focuses on changes to operations processes.
Why do Industrial Transformation projects fail and how can you avoid the pitfalls to achieve success?
Did you know that 15% of companies are stuck in “pilot purgatory” with their transformation projects?
So how can companies who start down the path to industrial transformation ensure that they’ll arrive at a successful implementation? Start by avoiding 4 areas contributing to project failure.
- Failure to Converge – IT and OT (operations technology) require synergy to ensure IX projects address both the technical/systems aspects and the logistical changes that will occur.
- Functional Silos – To take advantage of the full impact of industrial transformation across the organization, representatives from each department that will be affected by the IX project should be represented in the project team. A diverse team can spawn improvements in business processes. Involving a range of departments can also help prevent landmines that might impact various areas of the business.
- Internal Focus – When project teams only focus on data from internal sources, they can miss the ‘big picture.’ Including data from suppliers, customers or third-party systems can uncover valuable insights.
- Not Focusing on Factory/Plant – It might be easy to be seduced by the ‘bells and whistles’ of a shiny new technology implementation. But for a successful industrial transformation, it’s important to focus on core industrial operations driving the improvements. Without paying attention to the end goal, the project will fall short, regardless of the technology behind it.
Where is your company in its transformation journey? If you’re ready to make the move toward a smarter factory through digital transformation, we can help! ShopVue brings over 30 years of experience to helping manufacturers manage their people, processes, orders, and machines. Contact us today for your free demo.