Connected enterprise allows technology & humans to work together to
create more proficient and cost-effective business methods. Conventional plant
floor functions rely on manual and paper-based methods for almost all the
aspects of business. Right from inventory management to quality checks,
everything is done manually. These methods prove to be inefficient and
error-prone. Hence, conventional methods can generate incorrect data. However,
companies can overcome inefficiency with a smart connected enterprise.
Technological improvements including analytics and cloud computing are
fueling investment in these systems.
Supplier portal, improved decision-making, and mobile access are the 3 major
components that all manufacturers require for a smart connected enterprise.
Mobile Access:
An enterprise cannot be connected without any mobile access. Mobile access
offers omnipresent connectivity to the enterprises. Mobile access is essential
to connect on-site and off-site data to other elements of an enterprise.
Improved Decision-Making:
Centralized management of data ensures that all the staff is looking at the
similar information at the same time. This ensures efficient decision-making
based on real-time data. It helps improving quality and facilitates process
enhancement.
Supplier Portal:
Supplier portals provide all the vital shipment details to the supply chain
members. This allows enhanced shipping experience with timely product delivery.
With complete transparency about the manufacturing process; customers &
suppliers can benefit from efficient communication and peaceful working
relationship.
Market Insights:
According to a report published by Grand View Research, Inc.; the global connected enterprise market is
expected to witness a substantial growth over the forecast period (from 2014 to
2025). Increased adoption of automation along with the proliferation of various
connected devices can impel this expansion. High research & development activities
to deliver unique products may also boost market growth over the years to come.
These factors are expected to provide tremendous business opportunities to the
key market players.
Connected solutions are being adopted to generate new revenue streams and
to improve profit margins. They enable real-time monitoring of assets and
increase operational efficiency of the enterprises. PTC Inc.; IBM Corp.;
Microsoft Corp.; Honeywell International, Inc.; and Rockwell Automation, Inc.
are some of the major companies operating in the global market.
In-Depth research report on connected enterprise
market:
No comments:
Post a Comment