By Westin Siemsglusz, Technical Consultant, Information Solutions, Rockwell Automation
With the ever-evolving Industrial Internet of Things (IIoT) space within the industrial marketplace, the understanding and the journey of what the digital thread means to your business is vital. The digital thread is the core of what digital transformation and industrialization will attain in the coming days, months and years.
The major focus areas for digital transformation in manufacturing are accelerating line ramp-up time and decreasing ramp-up costs. Digitally enabled enterprises are seeing benefits that include:
- Improved right-first time quality by 90%.
- Lowered ramp-up anomalies by 97%.
- Reduced maintenance costs by 40%.
- Reduced unplanned downtime by 50%.
There’s great urgency to accelerate digital transformation initiatives, because early adopters of digital technologies are surging ahead of the competition. In every industry, a handful of world-class organizations are prioritizing adoption and implementation of digital transformation initiatives.
According to the Gartner Top Strategic Technology Trends For 2023: Applied Observability report, “To enhance their organization’s financial position during times of economic turbulence, IT leaders and other executives must look beyond saving costs to new forms of operational efficiency — preserving operating margin and reinvesting in sustainable technologies.”
Some of these organizations are well on their way to becoming a digitally enabled enterprise and reaping the benefits. They’ve begun to realize value in their product design and production engineering. The next step is to bridge the gap between these business functions to realize a new net benefit.