Manufacturing Landscape
Reimagining Manufacturing by building agile, scalable and intelligent solution that can withstand the pressure of time
Catalyzed by the COVID-19 pandemic, the manufacturing industry is at the brim of a global transformation. The fourth Industrial Revolution or Industry 4.0 has triggered the change in the way businesses do business. Couple with smart factories equipped with IoT, Machine Learning, AI and Cloud Computing, Scalability and Digitalization do not remain paradoxes anymore.
Where the Manufacturing world is moving
Shift towards Value Chain
Traditionally investment in Operational efficiency has paid off; however, there is a switch in customer's expectation. Instead of a better product, they now want Experience, hence a move towards enhancing Value Chain and last-mile visibility.
Importance of Value Chain
Customer Lifetime Value
Moving from one-time transactions, companies strive to create Customer Lifetime Value (CLV) since acquiring a new customer is more expensive than retaining a happy one. Long-term relationships boost brand loyalty and support sustained growth.
How to calculate CLV
Service as Revenue Model
As customers move towards Experience, companies, who know their product, shifted towards providing services: end-to-end implementation. It provides companies with up-sell/cross-sell opportunities, hence increasing Revenue per Customer.
Read more on Service Revenue model
Customer-centric approach
The quest between product-centric and customer-centric is now favouring the latter. Customers valuing intangible assets has triggered the change. Quick to adopt companies, resonate and build the product with customers to set the market ready to enter.
Find out where the market is headed
Cloud Computing
Break the constructs of spreadsheets by moving to cloud storage, which you can access anytime, anywhere and on any device. Automatic real-time sync avoids omission and human error. The data is shielded from the unfortunate event of system failure.
Cloud Computing