Deliver the right products to market while balancing cost, sustainability, quality and speed
To stay in the forefront of Industry 4.0, equipment manufacturers must introduce increasingly innovative, high-quality, energy-efficient and sustainable products that outshine their competitors’ offerings. This is especially true as more low-cost players enter the component and equipment manufacturing market unencumbered by legacy technology or outdated manufacturing methods.
Disruptive business influences such as smarter factories are further complicating matters where increasingly connected manufacturing systems generate a plethora of data, leaving untapped potential for businesses that fail to undertake a digital transformation. Digital practices make it possible to reimagine business models where companies use solutions to sustainably solve everyday challenges rather than rely on the limitations of specific products or manufacturers.