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Overcoming ROI challenges in digital transformation for mid-size manufacturers

3AG Systems

Digital transformations hold the promise of improved efficiency, enhanced customer experiences, and increased competitiveness in the manufacturing industry. A key reason for failure lies in the challenges associated with obtaining a satisfactory Return on Investment (ROI). Understanding the ROI challenge Industry 4.0

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The portfolio approach to digital transformation: 4 keys to success

CIO Business Intelligence

Corporate projects are classically evaluated on standard matrices such as return on investment (ROI), break-even period, and capital invested. But as organizations look to quickly leverage the power of emerging digital technologies for business growth, such an approach is falling short on expectations.

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3 business benefits of stronger security using Zero Trust principles

CIO Business Intelligence

Manufacturing in particular has become a bigger target for bad actors; in fact, it was one of the sectors most impacted by extortion attacks, according to Palo Alto Networks’ 2023 Unit 42 Extortion and Ransomware Report. While time is of the essence for companies in this transformation process, cybersecurity must not be an afterthought.

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PODCAST: AI for Digital Enterprise – Part 2 – Driving AI Adoption in the Manufacturing Industry

bridgei2i

Driving AI Adoption in the Manufacturing Industry. Aditya Karnani, Lead, Factory Performance & Reliability, Colgate Palmolive | Ronobijay Bhaumik, Director, Digital Consulting, Intelligent Operations, BRIDGEi2i. What advice would you give these companies when it comes to adopting AI solutions with an ROI lens? [12:57]

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Building digital fluency in the C-suite and beyond

CIO Business Intelligence

In tandem with his job as chief digital officer and senior vice president of strategy at Hussman, Seals got a Ph.D. in business administration and wrote his dissertation on digital acuity and intelligence in “incumbent companies.” But today even companies that manufacture physical goods have to have a digital-savvy C-suite, Seals says.

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The promise, peril, and potential of the metaverse

CIO Business Intelligence

In manufacturing , companies have seized opportunities for upskilling and training, for example by providing real-time guided build instructions in an assembly process, or “see what I see” expert assistance when someone is troubleshooting equipment. At last check, Nike had generated $185 million from NFT sales and trading royalties.

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PepsiCo transforms for the digital era

CIO Business Intelligence

“Me coming in from the outside and proposing so much change — the associates and midlevel management are the ones that must be empowered and that is the most difficult aspect of any kind of transformation.” One HR employee took some courses in data analytics and found a new job within the company helping to advance digital transformation. “I