Digitization is affecting all walks of life, from the way we travel to the way we spend our money to the way we gain knowledge. People are becoming more empowered and expect greater quality, something that’s driving competition to great heights. The pace of innovation and the ability to disrupt the market is ramping up, with each company looking for ways to improve their productivity while alleviating their costs.
The entire Industry 4.0 revolution has digitization of input & output equipment at its core. Today, manufacturers must embrace digitization as early as possible to maintain their competitiveness & ability to survive in the market.
The most common expectations faced by manufacturers that can be answered by digitization include:
Reduced Time to Market
Consumer needs are becoming extremely dynamic, and hard to keep up with. Manufacturers need to launch their products faster, regardless of the level of complexity they face.
Consumers are looking towards customized products at the same price they purchased mass-produced goods. For this to happen, manufacturers need to make their processes flexible.
Word of mouth has become one of the strongest driver for sales. Consumers are always looking for flaws within products, and ones with the lowest number seems to be revered the most. In order to notch-up the quality, companies would have to install closed-loop quality processes, made possible through digitization.
Being energy efficient can save a company a significant portion of money. Installing environment friendly, energy-efficient equipment can go a long-way and inject monetary boosts from time to time.
Siemens can help a manufacturer meet all these requirements, and more. The Digital Enterprise Suite from Siemens is a comprehensive approach for streamlining & digitization the entire business process, from the manufacturing side to the supplier side. Siemens MindSphere, Siemens’ cloud-based OS, allows thorough & continuous analysis of production assets & products to be performed, and the output fed back for constant optimization. The resulting intelligent data model enables optimization in the virtual world, which is reflected onto the real-world.
The Digital Twin of a manufacturing company’s value chain has three facets:
- The product
- The production process
- The production equipment
All this information is managed in a single data model, and enables users to simulate, test and validate data without having to modify the real-world processes. Once an optimized template or process is produced, it is implemented onto the real-world.
With its Digital Enterprise Suite, Siemens integrates Manufacturing Operations Management, Product Lifecycle Management, Totally Integrated Automation, all through its open, cloud-based OS, MindSphere. At the end of the day, manufacturers hold true power in their own hands, minus the risk of disruption their production throughout through unpredictability. The Digital Enterprise Suite would ensure that each process would be implemented after its productivity & efficiency has been verified, effectively transforming your company into a Digital Enterprise.
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