Global manufacturers need to take immediate action to reduce their chances of being disrupted – either from existing competitors, or worse, caught unaware by new market entrants. Defending or advancing market share requires new business models that are supported by smart, connected products, and refined by continuous, closed-loop customer feedback to drive the perpetual motion required to stay ahead of the competition.
To set the foundation for growth in this era of smart connected products, manufacturers must rethink business processes and connect siloed systems. This requires a modern, platform-based approach that enables them to quickly change and evolve product processes as their business needs change. The result of connecting processes and systems is full product lifecycle traceability and creation of the Digital Thread.
In the first eBook, “How Most Companies are Getting it Wrong with Digital Transformation”, we provided a definition of the Digital Thread and its importance as part of an organization’s Digital Transformation. In this eBook, we provide a blueprint to begin your move to the Digital Thread, in five concrete steps, with examples of companies who are actively pursuing it within their organizations.
