Just imagine: You are suddenly thrown into a strange digital world, but you have no clear idea about how to deal with all this. Sounds scary, but this is pretty much the current situation of traditional manufacturing companies entering into the Digital Transformation.
Manufacturing Industry is Approaching the ‚InflectionPoint’
Coming mainly from a mechanical engineering background, especially machine-, equipment- and plant-builders have shown a very sceptical initial approach towards concepts like Industry 4.0, Smart Industry or IIoT. After seeing first results of courageous frontrunners, a certain panic is in the air today. What am I going to do, if my competitors are offering smart new sales models on OPEX (operating expenditures) instead of CAPEX (capital expenditures) basis? How can I catch up and quickly implement predictive maintenance or online performance tuning? Often, this general feeling of falling behind leads to chaotic experimenting, hiring of over-promising consultants and/or purchasing of rather useless technologies, tools and components.
Digital Maturity Assessment
This typical dilemma is also outlined in our recent article Industry 4.0: On the road to success there are no shortcuts. The 7 steps of successfully handling the Digital Transformation described therein are derived from practical case-experience. But: Before starting with the actual migration journey it is highly recommended to take a very close look at your status-quo. One very effective and efficient way of doing this is to perform a structured ‘Digital Maturity Assessment’. The resulting scores are uncovering the major gaps that need to be overcome and rank you in comparison with industry’s best practice. With such a profound analysis on the table, you will be able to set priorities and plan for a journey that will require full focus during the upcoming 5 to 10 years.
Nine Dimensions of Digital Maturity
If you don’t measure Digital Maturity, you will never achieve it. At the upcoming Summit of Smart Industry Forum on June 8-9 in Copenhagen, we will present a well-proven assessment approach developed by our American partner ‘Future-Point-of-View’ (FPoV). This Digital Maturity Assessment is offered in 9 modules, which can be applied in a mix of online questionnaires and optional consulting sessions:
- LEADERSHIP DIGITAL READINESS
- DIGITAL WORKFORCE
- TRANSFORMATIONAL DESIGN
- SYSTEMS OF ENGAGEMENT
- SYSTEMS OF RECORD
- TECHNOLOGY COMPLETENESS & LEVERAGE
- DATA MATURITY
- MARKET COMPETITIVE RANK
‘DIGITAL MATURITY IS A MEASURE OF AN ORGANIZATIONS ABILITY TO PROSPER THROUGH THE ERA OF DIGITAL TRANSFORMATION THROUGH DISCIPLINE, INNOVATION, AND RESILIENCE” (FPoV).
In this perspective, Digital Maturity is so much broader than just implementing some software and hardware. Elements such as culture, the technology aptitude of your team, the ability to be innovative, and the cyber risks you face must all be included. The very foundation of Digital Maturity for an organization is leadership’s ability to use technology. Leaders must constantly be striving to improve their knowledge and skills using digital tools. They should be an example of how the organization values technology as a weapon for achieving competitive advantages. Therefore, FPoV’s Digital Maturity Assessment starts out with measuring leadership’s willingness to use technology for creating innovation while lowering costs and increasing effectiveness.
More about this will be presented and discussed at our Smart Industry Forum Summit in June 2017. Register now for benefitting from the early booking advantages.
Author: Heinz Gassner, Founding Director – Smart Industry Forum
Find more information at www.smartindustryforum.org