Admittedly, the move from the Third Industrial Revolution to Industry 4.0 will not be easy. While enterprises are eager to adopt advanced digital technologies (Industrial IoT, predictive analytics, AI/ML, immersive tech, and the like), a number of roadblocks remain. Nearly 70% of projects are stuck in pilot purgatory, unable to scale beyond the initial proof of concept. Less than a third of manufacturing companies are deploying Industry 4.0 solutions at scale.
In a dynamic and rapidly evolving market, product lifecycle management (PLM) is often the crucial tool that separates the winners from the also-rans. It empowers organizations to anticipate and respond to the inevitable gusts of change that regularly sweep through every industry.
Traditionally, performance monitoring has been at the hardware level and involved collecting and monitoring data from the infrastructure. However, this approach fails to provide insight into the end-user’s experience and has minimal business relevance. Though, with modern digital experience monitoring (DEM) and application performance monitoring (APM) tools, enterprises are able to collect information that helps ascertain a business’ overall health, not just that of the IT layer.
Hyperautomation is the result of combining process automation with Industry 4.0 technologies. Hyperautomation augments various components of process automation with advanced technologies like robotics, machine learning, and artificial intelligence to automate processes in ways that are more effective and far exceed the capabilities of traditional process automation
The 3+1 offerings can be viewed as a collection of key business and technology transformation imperatives.
The primary domains, Supply Chain Management, Sustainability Modeling, and Customer Channel Management : all three of these can be looked upon as powerful catalysts for organization-wide change.