The 3 Central Tasks of Data-Driven Transformation

Calendar icon

By Rinad Al Anakrih - July 04, 2018

 

 

Data-driven transformation has taken to drive change in public and social sectors. Such change has motivated most executives to find reliable ways to propel their companies into data-based futures. Along with motivation, fear to keep up with competitors and ensure survival of their businesses pushes CEOs to implement a focused, pragmatic, and agile approach to data transformation. Working with different industries, BCG has addressed this challenge and developed a cost-effective, sustainable, and progressive three-phase approach:

 Worximity - Data driven transforamtion with Smart Factory technologies

1. Funding the journey 

Entails laying the foundation with rapid digitization efforts that address the basics of broader transformation and deliver returns that can fund later phases. The benefits of these pilot projects help to show how an example company can benefit from digitization in the long run.

2. Designing a company-wide transformation 

Focuses on optimizing performance through digitization. In this phase, companies should draw on wins from phase one and create a detailed roadmap for extending transformation to other areas of the enterprise. Additionally, identifying benchmarks to digitize functions and operations allows companies to prepare for a full-fledged digital transformation. In this phase, it is also helpful for the organization to start “industrializing” data analytics—using analytics as a resource for each operation.

Smart Factory 101 ebook

3. Organizing for sustained performance 

Involves building long-term systems and working towards using new data-driven strategies. As the company continues to sketch its transformation roadmap, it should standardize data-based systems for an effective output. Finally, to ensure sustainability of adopting digital processes, companies should constantly encourage new ways to use data.

 

Data-Driven Transformation_ex02_tcm-156856

 

SOURCE:  https://www.bcg.com/fr-ca/publications/2017/digital-transformation-transformation-data-driven-transformation.aspx?linkId=52354074&redir=true

The Worximity Smart Food Factory solution is a low-cost hardware system that can be up and running in a few hours combined with an easy and intuitive yet powerful analytics dashboard that provides fast ROI to start and a roadmap to full-on IIoT success.

Subscribe to our newsletter

Are you a best-in-class OEE Performer? Worximity OEE Ebook