Digital transformation is achievable for all manufacturers

“Digitization, Digitalization and Digital Transformation are a confusing mix of buzzwords that suggest something new but describe what manufacturers have been doing for years: using technology to plan, procure, produce and distribute products. Digitization is nothing more than converting analog information – text, audio, images, and video – into ‘zeroes and ones’ that can be stored, processed, and shared by computers. Gartner’s online glossary defines Digitalization as “the use of digital technologies to change a business model and provide new revenue and value-producing opportunities”. It is the practice of adopting operations and processes to use digital technologies. Digital Transformation (DX) is the strategic, enterprise-wide application of digitalization to not only improve a business’ entire system of production, procurement, sales, operations, human resources, and financial management, but to completely transform the way a manufacturer makes money and delivers value to customers.”

Continue reading here. [Canadian Manufacturing]

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