SINCE THE 1990S, MANUFACTURING organizations have taken gradual steps to automate and digitize their processes and operations by adopting ERP software. However, ERP applications were never intended to and remain challenged by not being able to effectively integrate and interpret the vast quantities of data produced by production equipment.
HMI/SCADA systems, manufacturing execution systems and other operational and control systems have been the standard for manufacturers on the plant floor. These existing systems, as well as ERP, are being challenged as industrial software is increasingly embracing digital platforms and being transformed into well integrated, end-to-end systems for the manufacturing sector.
Today’s incremental advances in big data, predictive analytics, business process management and augmented reality are enabling industrial manufacturing organisations to make sense of proprietary operational data like never before. What’s more, digital platforms like the cloud, Internet of Things (IoT), smart and edge devices are driving down the cost of digital transformation in the manufacturing sector.
Digital transformation is also driving a shift in how industrial software is consumed, moving from an on-premises, perpetual software ownership model as a capital expense into a periodic, subscription and cloud deployed model that can flexibly adapt to changing business requirements.
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