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Manufacturers’ see an increased need for flexibility and cost-effectiveness in running their factories, driven by global competition and changing customer demand globally. This has led to a significant push for digital transformation (Industry 4.0) to identify and address inefficiencies more proactively throughout the system.
Enhancing operational agility and flexibility is one of the top three actions of CEOs to build a change-ready organization. This produces (i). flexibility of production practices, (ii). need for real-time decision making on the floor, and (iii). the ability to contextualize plant information for minimizing downtime, as well as the key success factors of operations.