No industry is safe from digital disruption — including manufacturing. Paul Miller explains how companies are overhauling their business models to stay competitive.
Paul Miller, Senior Analyst
Industrial digital transformation is more than placing robots in a factory or connecting devices to the internet of things. Manufacturers across all industries are using emerging technology to reinvent their entire business models.
Supply chains are more responsive to consumer demand; manufacturers have direct relationships with their customers; and digitally enabled products deliver more value to consumers.
But with all this opportunity, industrial players — like Bosch, GE, Hitachi, or Siemens — face a new set of challenges. While these firms have mastered their products, many do not have the capacity to orchestrate this new influx of data. Purchasing a platform is the most practical solution but comes with its own risks: Who owns the data? Who controls the insights gained?
In this week’s podcast, Senior Analyst Paul Miller explores the ups and downs of bringing traditionally physical industries into the digital world.
Listen to all of Forrester’s What It Means podcast episodes at forr.com/what-it-means.