2 September 2022 by EDITORIAL Table of Contents Toggle What is industrial digital transformation?Applications in industries and their impactsWhy is it important to begin the transition as soon as possible? With the changes that have taken place in recent years in the digital world, technology is expected to help people when buying products and enjoying experiences. For this reason, organisations in the vast majority of sectors need to continuously invest in advances that satisfy employees and potential customers. Companies in the industrial sector are the most exposed to the changes brought about by digitalisation. These changes have been made possible by industrial digital transformation solutions and advances in the current industrial environment with the emergence of new IoT (Internet of Things) platforms, cloud computing, big data and artificial intelligence platforms, among others. What is industrial digital transformation? Industrial digital transformation solutions refer to a set of innovative solutions and transitions to new business models and revenue streams that consist of three fundamental pillars: automation, manufacturing process improvement, and production optimisation. However, this type of transformation is not limited to the technologies used, but rather represents a culture of change integrated into all areas of work and a transformation in the way different teams are managed. Only in this way can digitalisation have a truly beneficial impact on the production of any company. Next, we will look at the benefits that Industrial digital transformation solutions can benefit any company. Cost reduction Technology is a powerful ally in the process of minimising the future expenses of an industrial company. The integration of digital technologies leads to a transformation of procedures and the digitisation of documents, resulting in the overall optimisation of processes. Consequently, unnecessary expenses are cut, which translates into a reduction in labour costs. Furthermore, digitisation enables companies to calculate and estimate expenses more accurately, ensuring budget control. It also eliminates or replaces unnecessary tasks within processes, making them much more efficient. This efficiency translates into time savings, which in turn leads to much more profitable production. Decentralisation of production Industrial digital transformation solutions provide companies with fully remote monitoring systems, allowing production to continue operating autonomously. This means that, in exceptional circumstances such as Covid-19, digitised companies have not had to stop or even slow down their production chain. These systems can work without stoppages and operate many more hours per week than any worker. Furthermore, the Digitalisation increases the flexibility of methodologies and their responsiveness.. For example, if there is a problem at a production plant, a notification will be sent automatically and the problem will be dealt with regardless of the day, time or whether anyone is physically present at that moment. Improving efficiency and productivity The connectivity of smart products gives devices the ability to interconnect and communicate machine-to-machine (M2M). This allows them to make decentralised decisions. For many tasks, companies no longer need an employee to be physically present at all times. This new model of manufacturing and production eliminates monotonous and sometimes even dangerous tasks, as well as making them more accurate, efficient and responsive. Beyond optimising processes and tasks, digital transformation enables faster and more effective decision-making based on accurate, real-time data. Furthermore, training, modification and repair processes are no longer a problem, as they occur less frequently and are largely automated. Creation of new business opportunities New digital systems enable the production of new products and services that were previously unfeasible for the company, thus creating new sources of revenue. In addition, the speed of launching new services is much faster. Through the effective use of big data and artificial intelligence, companies have the opportunity to experiment, stay ahead of trends and predict which new products will be successful with customers. These technologies can even make it easier for companies to be environmentally friendly, creating products that are greener and less harmful to our ecosystem. Accelerating the response to demand trends The responsiveness of advanced production systems facilitates a rapid response to volatile changes in demand. Tasks can be rescheduled in a matter of hours and products can be manufactured with customised patterns tailored to each consumer, without wasting time. In this way, companies can achieve greater customer satisfaction without having to manually manipulate each customer. Promoting competitive advantage New technologies improve the quality of manufactured products by incorporating new functionalities into production systems that enhance the final result. This enhances the differentiation of the product in question and adds value to the brand. Furthermore, comprehensive quality reviews are generated to ensure compliance with standards and regulations. It also allows workers to develop their potential and professional skills instead of performing tasks that do not add intellectual value to the company. Encouraging innovation in the face of disruption Industrial digital transformation solutions drive a culture of innovation, leading companies to discover new value propositions and upcoming trends. By feeding off data, companies have the opportunity to innovate with previously unexplored information to prepare for future trends and thus save money in the face of future disruptions. Promoting internal cohesion The flow of information generated by digitisation facilitates communication between departments, enabling employees from different areas of the company to be involved and collaborate on projects and decision-making. It also provides companies with an overview of the different entities within the organisation. This enables more cost-effective global management. Furthermore, the fact that information is immediately accessible from anywhere and at any time facilitates collaboration between different teams. Improvements in the use of data capacity Digital transformation builds a culture of decision-making based on data collected by technological tools. Improving analytical systems translates into a deeper understanding of data. This reinforces informed decision-making, key recommendations and rapid responsiveness. Attracting the interest of new talent Companies that have industrial digital transformation solutions are up to date with trends and processes that attract the most interest from professionals trained in skills that are essential in this complex and disruptive environment. Furthermore, if change is managed properly and responsibly, it will benefit all parties, generating greater job satisfaction for employees. Human motivation, together with effective digital tools, will be reflected in the company's productivity and profitability. Applications in industries and their impacts The benefits of industrial digital transformation solutions have already been seen. Below, we analyse some of the industries and their impacts. Manufacturing industry Digital capabilities help manufacturing companies to exchange large amounts of data quickly and store local data centrally without limitations. A smart, digitally integrated value chain is vital for driving innovation and customer focus, helping organisations improve workflow management and business outcomes. Financial industry Digital transformation in finance helps create business strategy for better decision-making and growth rather than just technology. This enables companies to set realistic goals due to the easy availability of accurate, centralised data and supports strategic business decisions for better business performance. Healthcare industry Industrial digital transformation solutions play an important role in the healthcare sector in streamlining operations, improving management, enhancing user experiences, and building trust. Collecting and tracking data provided by digital communications is valuable. It helps to understand the needs and behaviours of target users and, as a result, Healthcare providers will explore new ways to add value. by building loyalty and trust. Why is it important to begin the transition as soon as possible? A company's level of competitiveness is directly related to its ability to manage processes and increase productivity. The reality is that companies that used to have an average lifespan of more than 60 years now survive for less than 20 years. As competition continues to grow, companies find it more difficult to survive in an increasingly saturated market. Companies that want to survive in their sector must embrace digitalisation as a fundamental part of their core business. In the current context, industrial digital transformation solutions have gone from being an option that gave companies competitive advantages to being a necessity for survival in Industry 4.0. Industry 5.0 is just around the corner, and without the digital skills that transformation entails, companies will not be able to keep pace with emerging demands or compete with the rest of the industry. Companies must create an environment that enables new approaches or technologies to be implemented quickly, so that changes can then be made to improve business results and company growth. Digital transformation in industry offers the opportunity to use new techniques and skills to improve business efficiency and productivity. And this transformation is not only about adapting industrial digital transformation solutions, but also about cultural changes within the organisation to improve management and results in all areas of work. 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