The Manufacturing sector is progressing more rapidly than ever before due to various challenges in both market and economy. These challenges, along with internal challenges, have fueled the present manufacturing sector to evolve and progress. Hence, manufacturers are trying to change the way they are operating. One such initiative towards change is transformation of traditional manufacturing and industrial practices to smart technology - or simply put - Industry 4.0.
In the past few years, many industries have started working on Industry 4.0 but very few of them have been successful in executing this transformation. We have come across a few companies who faced many challenges and they want us to help them in this journey of transformation. A few of these companies are looking at this kind of transformation for the first time - we have seen over 80% of our clients have similar type of questions, for example:
- Is the transformation journey aligned to company objectives?
- Will the transformation address their pains?
- What type of savings does this transformation bring?
- When can they see Break Even Point (BEP), Return on Investment (ROI), and Internal Rate of Return (IRR)?
- Where to start, which pain areas to address first?
- How are competitors reacting to the challenges?
- Are they buying the right licenses?
This was the motivation to develop a value framework towards digital transformation.
Further, in a survey when asked regarding the challenges in digital transformation projects, we discovered the following:
- 65% are not satisfied with their ability to identify all the available benefits
- 69% do not adequately quantify and value the benefits
- 38% believe their current approach led them to frequently overstate the benefits in order to obtain funding
- 64% believe that the problems in constructing a robust Business Case reduced the interest and commitment of senior management to ensuring the investment is successful
- >70% believe that the deployment could have been better if they had correct direction/roadmap aligned with exact bottom line pain areas
Dassault Systèmes believes in delivering value to our customers through the DELMIA Value Model Framework. Under this value engagement model there are five services based on the various phases of the project. These services will not only help in answering the above questions but also will help to understand the solution deployment and purpose behind each implementation phase with its clear outcome and best practices. These services will further guide you to make the transformation you are looking for.
DELMIA connects our assessment service (before project initiation) to the value outcome service (after implementation); which means we are committed to delivering value. What we promise in the value definition phase is measured after the value delivery phase.
Get in touch with our team for further information on the type of engagement, so the investment is tied to your digital transformation.
