Manufacturing is undergoing a massive transformation. Driven by technological advancements that generate vast amounts of data. The industry is moving towards becoming smarter, more sustainable, and services driven. The fragmented nature of manufacturing’s data architecture however, has created barriers to realizing the full value of data, with many projects stalling at the Proof-of-Concept stage.
The data we generate, store, and share is growing exponentially as the world inexorably digitizes. With the global data sphere expected to double in size by 2026 as organizations and consumers increasingly go online, automate, and digitize processes, the right tools are required to mine this massive trove of valuable data coming from a widening and diverse pool of sources globally. The competitive edge gained by rapidly converting complex data into business insights is a crucial growth driver.
Business priorities, and therefore people priorities, are shifting at a pace like never before thanks to increasing interest rates, energy prices, political uncertainty, global supply constraints, and issues finding and funding expensive talent. People and HR leaders are going to be under considerable pressure to adapt and evolve quickly throughout 2023 in order to support their CEO’s much bigger focus on the workforce.
It’s been a rollercoaster ride for everyone over the last few years, with particular pressure on Chief Financial Officers (CFOs) to support CEOs steering their organizations through things none of us expected to experience in our lifetime. Unfortunately, with the financial markets going into turmoil over the last few months and consumers of all shapes and sizes starting to cut back on spending, the uncertainty isn’t going to stop anytime soon.
This Saturday, January 28th sees Data Privacy Day come round again, an international effort to empower individuals and encourage businesses to respect privacy, safeguard personal data and enable trust. As always this should act as a reminder that every individual within an organization requires a basic understanding of their internal privacy rules and regulations.
Organizations have been focused on enhancing customer experiences to enable quicker responses to services and to provide localized behavior for many years now. However, with the Internet of Things (IoT), Smart Cities, Gaming technologies and Self-Driving Cars going more mainstream, there is an even greater need for organizations to react faster to customer behavior and bring solutions closer to the customers.
In just a couple of weeks, I will be in Singapore for our first in-person Sales Kick Off since 2020, and I can’t wait to join colleagues as we prepare our organization for the year ahead – first in the APAC region, quickly followed by Europe and the Americas.
The ability to access, analyze and use information from multiple sources has been a key factor in modernizing manufacturing, resulting in more efficient processes, and improved economic success.
The ability to access, analyze and use information from multiple sources has been a key factor in modernizing manufacturing, resulting in more efficient processes, and improved economic success.
Whether inflation, global conflict or supply chain disruption, 2022 has been full of significant events that have fundamentally impacted the business landscape. The undercurrent is an accelerating de-globalization process. But this isn’t just geo-political in nature; the re-distribution of power and fragmentation of data are inextricably linked. As a result, data-driven businesses are having to adapt to a more distributed world – fast.
