Today's era of technological advancement has shifted digital transformation from being just a buzzword to an essential pivot for manufacturers. To safeguard their competitive advantage in the fluctuating market dynamics and the ever-evolving customer expectations, it's imperative for manufacturers to develop and execute a robust digital transformation strategy.
The relentless acceleration of technological advancements has left manufacturers at the initial stages of digital transformation. A significant hurdle impeding progress in digital projects is the misalignment between Information Technology (IT) and Operational Technology (OT). This disconnection prevents a holistic view of operations, a vital component for successful digital transformation.
The Indispensable Role of an End-to-End Ecosystem: PLM, MES and Digital Twins
This is where Product Lifecycle Management (PLM) comes into play. PLM plays a critical role in creating an effective end-to-end ecosystem by integrating systems, processes, and people seamlessly. It aids in modernizing IT and OT processes, thus constructing a much-needed bridge in the perpetually changing landscape.
The importance of PLM is emphasized by the anticipated growth of the PLM software market, projected to reach USD 9.22 billion by 2025. This growth signifies how instrumental PLM is in steering the journey towards successful digital transformation.
‘We have one of the biggest and strongest partner ecosystem in our industry. And believe me one thing, we are very well on track to further expand this ecosystem and make our partners even more stronger.’
Marcel Milde- Siemens Partner
In the ongoing narrative of digital evolution, Manufacturing Operations Management (MOM) stands out as a holistic approach to oversee various aspects of the manufacturing process. Within MOM, Manufacturing Execution Systems (MES) emerge as a specific software-based solution, playing a pivotal role in shaping this narrative. Manufacturing Execution Systems (MES) have surfaced as a crucial force. By managing and monitoring work-in-process on the factory floor actively, MES provides real-time data that is invaluable in pinpointing inefficiencies, curtailing downtime, and enhancing productivity. The global MES market, expected to grow to USD 17.1 billion by 2025, testifies to its escalating importance in the digital manufacturing landscape.
The journey of digital transformation in manufacturing also introduces us to the groundbreaking concept of digital twins. These virtual replicas of physical assets are revolutionizing manufacturing processes by enhancing simulation capabilities, improving IT-OT integration, and facilitating efficient data collection. The digital twin market, projected to reach an impressive USD 48.2 billion by 2026, mirrors the profound impact of this technology on the industry.
Streamlining Processes with Low-Code (Business Process Automation)
The pivotal role of low-code in digital transformation cannot be overstated. This technology not only simplifies application development but also proves instrumental in optimizing processes within Product Lifecycle Management (PLM). By breaking down silos and fostering collaboration across various stages of product development, low-code automation enhances efficiency significantly. Its capacity to automate repetitive tasks expedites application development, ensuring swift adaptability to changes and maintaining a competitive edge. The projected growth of the global low-code development platform market, expected to reach USD 45.5 billion by 2025, emphasizes its crucial contribution to driving efficiency in the manufacturing sector.
The digital transformation in manufacturing is a complex process that involves the integration of various elements like PLM, MES, digital twins, and business process automation. These tools are not only enhancing operational efficiency but also paving the way for innovative solutions to longstanding challenges. As we delve deeper into the digital age, these technologies will persistently shape the future of manufacturing.
However, to truly succeed in this transformation, you need a trusted partner with the vision, the expertise, the people, and the solutions. CLEVR, a Siemens and Mendix partner, can be that trusted ally for you. As we continue our journey into the digital age, these technologies and partnerships will undoubtedly shape the future of manufacturing. Don't wait for the future to happen; be a part of building it. Contact us today and let your transformation begin.