Why is Digital Transformation So Difficult for Industrial Companies?

Illustration: © IoT For All It’s well understood that we’re in the midst of a significant shift when it comes to industrial technology. The fourth industrial revolution has been enabled by various developments in key technologies such as cloud computing, machine learning , the Internet of Things , and others — all of which are set to disrupt the way that industrial organizations operate. Those companies that are able to adjust to these new developments will be the ones that survive. What’s less well understood is why many companies still find it incredibly difficult to undertake this journey, despite the acknowledgment of the opportunities that it presents. Image by Lidia Tomashevskaya for Matthew Anderson Rigid Processes The very nature of an industrial operation is that you are focused on two main objectives: producing consistent high-quality and minimizing the risk of something going wrong. These are always at the forefront of your mind because of the high stakes of your operations and the costs of losing a client along the way. This mindset forces a rather rigid system because once you have something that works, it can appear irresponsible to experiment and take further risks. Thus, the status quo is […]

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