When it comes to the fourth industrial revolution, it seems no capability has been touted more than the connected enterprise. For years now, the connected enterprise—where everything from factory floors to retail shelves are digitally linked—has been one of the main objectives of digital transformation.
, more than 90 percent of respondents gather data from traditional sources such as enterprise resource planning , customer relationship management , product lifecycle management systems, or non-transactional internal systems such as email. And more than half of respondents collect data from some form of IoT. Not earth-shattering in terms of 4IR technologies, but definitely a strong showing.
In the digital-to-digital stage, organizations are a little less certain. While 70 percent believe they use non-transactional systems extremely effectively, which sinks to just 50 percent with ERP and PLM systems. And when it comes to IoT, it goes down even further to only about 40 percent. In the final stage of the loop—digital to physical—things don’t improve all that much. Just over half of respondents rated themselves as capable of using data to make decisions in real time, while 45 percent said that they don’t currently have that capability .So why should organizations care about closing the PDP loop? Because those who do have seen real ROI.
Making that last leap back into the physical world is a critical part of becoming a truly Industry 4.0. organization. But it can seem daunting to get your arms around the reams of data now available to an organization, not to mention analyzing and acting on it.
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