In the past two years, manufacturers have increased investments in digital technologies to meet the demands of the changing environment like erratic supply chain or poor equipment efficiency. However, the industry is discovering that technology alone cannot solve these business challenges. They must also empower their workforce with digital capabilities to ensure the successful execution of an organization’s strategy.
As manufacturers increase investments in digital technologies to meet the demands of the changing environment, there is a realization that technology must be coupled with an empowered workforce to ensure the successful execution of an organization’s strategy.
Most of us believe that the manufacturing industry is not well suited to a remote work model. However, the pandemic and the adoption of Industry 4.0 proved to be a catalyst accelerating automation with a cloud-first infrastructure in the factory environment to enable a hybrid work model. Manufacturers who began to adapt designs to meet the requirement of social distancing realized the benefits of the new work model. They strategically began to invest in virtual environments that could bring at least part of their factories online, so much so that Gartner predicts 50% of factory work will be done remotely by 2024.
WEF found that rapid advances in AI, robotics, and other emerging technologies were happening in ever shorter cycles, changing the very nature of the jobs that needed to be done – and the skills needed to do them – faster than ever before. The workforce must be enabled with productivity tools, learning opportunities, and digital capabilities for the success of an organization.