In this dynamic, tough, competitive, complex fourth Industrial revolution the Manufacturing, FMCG firms globally play a crucial role.
In order to remain in the fight for survival of the fittest they must overhaul their existing systems and processes in the time being and upgrade with more advanced, autonomous, specifically tailored/curated systems and processes.
Digital transformation reinforced by innovations like Cloud computing, Internet of things, Robotics, Artificial Intelligence, Advanced Analytics are most suitable answers for manufacturers who anticipate keeping up their imprint in this undeniably intricate marketplace.
Cloud computing is often characterized as flexible, secure, and cost effective when compared with on premise. The cloud application can help such organizations to innovate, to be more productive as a result they can bring new products and services to the market faster than before.
So what are you waiting for? The global market for cloud computing will grow to more than $240 billion in coming ten years from existing $40 billion: source- Forrester.
It is high time to start leveraging technologies like Machine Learning, Internet of Things, Advanced Analytics, AI, and applications via a Software-as-a-Service (SaaS) model in order to reduce or maintain operating expenses while continuously offering user centric products and services that compete with big sharks.
For such organizations, S-Curve transition is the only way out and to remain in the fight they need to continuously innovate. But, the major 80% of the IT spending is on the maintenance of the on-premise data center & system while only 20% is utilized for innovation of new projects & initiatives, source- Forrester.
But it is time to turn this old tradition upside down, such organizations can take advantage of zero initial setup or low setup costs with the aid of paying monthly/yearly fees based on service type and usage as per the business need for cloud services, instead of heavily investing in deploying, purchasing and maintaining on IT infrastructure. This will help such organizations to liberate their workforce from the daily mundane tasks of managing an IT infrastructure and allow them to focus on innovation with respect to core business capabilities, develop strategic initiatives that will help organization to achieve ambitious goals and objectives.