1. The importance of modernizing
Recent supply chain issues, economic uncertainty and shifting customer demand have caused businesses to rethink their operations and the IT supporting them. While modernizing these systems and processes can deliver many crucial benefits, the ability to update existing IT and integrate new technology is essential.
The more ambitious organizations will know that transitioning can help them become faster and smarter in day-to-day operations, as well as decision making and delivery. Companies that fail to modernize risk falling behind their market competitors. Overcoming the challenges associated with implementing an IT modernization strategy is a vital first step.
Accomplish this, and you’ll be on your way to effecting positive change when it comes to your teams’ productivity and overall experience.
To navigate the new digital era, two approaches to IT are required: optimize how you manage and maintain your core IT system and, at the same time, innovate by experimenting with new technology.
A new IT vision is also required: one that combines applications, intelligent platforms, and inter-connected ecosystems—and one that understands the difference between modernization and transformation—to understand which option makes more sense for your business.
58%
of manufacturing decision makers say the biggest barrier
to their business is a lack of time and resourcing- The Manufacturer
$300B
Productivity has stagnated over the last decade- had it grown in line with its previous trend, the economy would be $300B larger than it is today
- Economic and Social Research Council
85%
of manufacturing businesses struggle to find and recruit suitable
candidates due to labor shortages- The Search Consultancy
28%
of businesses have experienced 10 or more supply chain
disruptions over the last 12 months- Business Continuity Institute