Industry 4.0 technologies have led to many “smart” advances, such as smart manufacturing, where sensors and equipment with embedded software can talk to the ERP, CRM, and supply chain systems, resulting in significant improvements in production efficiencies. We have also become reliant on intelligent and connected “smart” consumer products, such as speakers, cars, homes, and cities.

However, technology initiatives cannot stand independently; they must align with the overall business transformation program. Most manufacturing organizations, including those in the aerospace, automotive and medtech sectors, continue to operate in silos, resulting in reduced visibility, decision-making delays, and value chain inefficiency. With increasing product complexity, changing customer preferences, and complex supply chains, manufacturing operations, technology, and business strategy will need to converge.