Unveiling the Core of Digital Transformation: The Common Denominator for Industry 4.0 Success
About the Interview
Digital transformation can mean different things to different industries, but at its core, it shares a “common denominator”. Regardless of whether you’re in insurance, manufacturing, or utilities, the foundation lies in having fully integrated and seamless processes and data. In this interview, the leadership team at D4M International, Jean-Yves Durocher, Raj Krish, and Alan Roy, will discuss the “common denominator” of the digital transformation process and the potential traps/pitfalls to achieving the true key performance indicator (KPI) boost of the industry 4.0 future.
Jean-Yves explains that better integration leads to improved data collection, enhanced analytics, greater efficiency, and more accurate KPIs at any point in time. He emphasizes the principle, “you manage what you measure,” highlighting the competitive advantage of being able to measure processes end-to-end and identify weak points. Raj adds that a common factor across successful digital transformation programs is a robust, AI-powered cloud ERP system. He notes that a strong central ERP system is a cornerstone of digital transformation, complemented by technologies such as cloud computing, the Internet of Things, robotics, and robotic process automation (RPA). These tools collectively strengthen the digital transformation journey, providing organizations with a significant competitive edge.
To conclude, as part of their digital transformation efforts, more companies are focusing on analytics due to their ability to collect vast amounts of data. With the aid of advanced AI and machine learning (ML) algorithms, organizations can transform this data into actionable insights and reports enabling business leaders to make quick, informed decisions.
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