4 challenges manufacturers face with digital transformation

Illustration image for Sciforma blog post 4 challenges manufacturers face with digital transformation

Digital transformation is impacting all companies, however the manufacturing industry may be taking the biggest disruption of all. The development of industrial products faces unprecedented challenges, including reconciling hardware and software’s very different development methods, handling a dramatic acceleration in product lifecycle under increasingly strained resources, or empowering every stakeholder to work digitally through company-wide, inclusive digitalization strategy. In this context, R&D managers must rethink their practices and processes to face major challenges :

 

1. Rise of Internet of Things (IoT)

With the emergence of the Internet of Things, software is now at the heart of the industrial product. Software and hardware have their own development process with their own methodology. Reconciling them is a real challenge for manufacturers.

 

2. Bringing more innovation and variety

For fear of technological obsolescence, consumers always want more innovation ever faster. In a hyper competitive global market, bringing innovation products to market is a challenge for manufacturers.

 

3. Longer product development lifecycles

Innovation means complex projects with short time constraints and strict resource management. The challenge is in optimizing efficiency, productivity and minimizing losses.

 

Strategy alignment with business goals

Executives should be empowered to make decisions faster while ensuring flawless portfolio consistency and strategy alignment. New product launches need strategic oversight.

 

Download this white paper now to discover the true impacts, and how you can get ahead of them with better project and portfolio management practices.

Download banner for the white paper How PPM Solves the Digitalization Conundrum for Industrial Product Development

 

Camélia Docquin

Camélia is Sciforma’s Marketing Manager for Europe and enjoys learning different perspectives of the current business environment and project management challenges that enterprises and individuals face daily. Main interests include : innovation, digital transformation, and strategy execution.