A growing number of industrial companies are envisioning a digital transformation (DX) in operations and manufacturing to support company-wide strategies for growth, innovation, and sustainability. According to Gartner, enterprise digitalization reached a tipping point in 2019, and over 95% of organizations have initiated CIO-level digitalization efforts.
While DX has become a strategic imperative, operations must consider risks and margins, especially since more than 70% of DX initiatives have failed.
|of organizations have a DX initiative||of DX initiatives have failed||of DX journeys are successfully executed|
Top Reasons for Failure
|Misalignment among executives and managers about goals and strategies||Failure to align technology and talent needs or a general talent deficiency|
|Taking a technology-first approach||Resistance to change or a lack of organizational adoption|
Partnering for Success
of companies succeed at their digital transformation efforts with the aid of a partner.
The Road to Futureproof Results
DX is a daunting challenge with many interdependent factors, and there is no one-size-fits-all solution for manufacturers. However, when done correctly, DX can lead to future-proof results. But just as a company’s business strategy and operations are unique, so too is the approach to DX.
Of the organizations that were triumphant in their DX efforts, 71% accomplished that feat with the aid of a partner. Process industry companies need a business partner who starts by engaging and aligning with their goals, aspirations, and business strategies. DX is not just an event or a single project, it is a journey that should be carefully discovered, designed, and developed. The DX Framework of Yokogawa includes 3 consecutive phases:
Leveraging our decades of experience in process manufacturing plus our digital fluency, Yokogawa offers a Discovery Workshop to introduce the DX Framework, to help align your DX efforts, and to create organizational awareness. It is a starting point to layout a digitalization roadmap that thoughtfully considers people, processes, technology, assets, and data.
Figure: Overview of the main activities and deliverables of the Discover phase of the DX Framework.
Discovery Workshop Benefits and Deliverables
The program is designed to cultivate hologram effects throughout your organization by facilitating cross-functional participation. Participants will receive:
A Digital Maturity Assessment Report
Benchmark your current state of digital readiness versus your industry peers.
A High-Level Digital Transformation Blueprint
Outline your digital opportunities and align them to the strategic intent of your organization
90-Day Interim Action Plan
Capture low hanging fruits and next steps
A DX workshop can facilitate cross-functional collaboration, silo breaking, empathy, and alignment between operations, engineering, IT, and business stakeholders. Our workshop is designed to help change agents, business leaders, and visionaries formulate and execute a pragmatic and justifiable transformation strategy to lead their business unit or organization through a digital disruption. Participants may be functional engineering, operations, IT, or business leaders, as well as decision-makers/influencers who are responsible for organizational DX initiatives.
Are You Ready to Step into the Future?
There are numerous disruptive technologies available, and Yokogawa can help you choose the right one for your organization.
Interested in learning more about our DX workshop? Complete the form above, and one of our DX experts will contact you.
Digital transformation is the novel use of digital technology to accelerate your company's business strategy.
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