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DESCRIPTION
US manufacturers recognize the potential of new digital industrial technologies to create value, but they have yet to fully appreciate the scope and magnitude of the opportunity or find the path to success.
Companies must set ambitious goals and capture value rapidly over the course of a multiyear transformation. The winners will approach the race to Industry 4.0 as a series of sprints but manage their program as a marathon.
This presentation reviews the key benefits to Industry 4.0 technology and outlines 6 steps companies can take to unlock revenue growth and reduce costs.
1. Create a cross-functional innovation team.
2. Gain experience in how Industry 4.0 works.
3. Define a plan for Digital Transformation.
4. Develop and execute lighthouse projects.
5. Use battle-tested techniques to manage the Transformation.
This framework is designed for US manufacturing companies yet to fully take advantage of Industry 4.0 technology. Additional content includes an outline of what is Industry 4.0, several case studies of businesses that have successfully implemented Industry 4.0 and four imperatives to ensure success.
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Source: Best Practices in Fourth Industrial Revolution, Manufacturing, Industry 4.0 PowerPoint Slides: Industry 4.0 Transformation PowerPoint (PPT) Presentation, LearnPPT Consulting
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OVERVIEW
We are a team of management consultants trained by top tier global consulting firms (including McKinsey, BCG, Deloitte, EY, Capgemini) with a collective experience of several decades. We specialize in business frameworks based on real-life consulting engagements.
We have served 100s of clients that range from Fortune 500 companies to tech startups to $1B+ private companies.
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