This presentation discusses the latest digital disruption related trends across the manufacturing industry and how OpenText's Enterprise Information Management solutions can help manage this digital disruption in the future. This presentation formed the basis of the manufacturing industry keynote session at Enterprise World 2014 in Orlando.
Today’s manufacturing supply chains have had to overcome a number of challenges over the years. External forces such as the recent global recession, human rights issues relating to Chinese production plants, natural disasters such as the Japanese earthquake and Thailand floods through to the so called omni-channel effect which is changing the way in which consumers purchase their products. These are just a few of the reasons why today’s manufacturers are having to restructure supply chains to meet these new demands.
To try and address all these issues, manufacturers have had to build increased levels of flexibility into their global supply chains and ensure that they can scale their operations to meet the need of the market. Restructuring of supply chains, consolidation of IT infrastructures and increased sourcing from the emerging markets has meant that manufacturers have to become more responsive to changing market conditions.
From a global supply chain point of view, the automotive and high tech industries have been the most impacted by the issues shown on this slide and yet these industries have been able to successfully turn around from the poor position they were in a few years ago.
It’s the year 2014 and we live in the time of an unprecedented technologic disruption. While the year 2020 is still over five years out, it is close enough for us to get the idea about the magnitude of changes through which will go our society, our personal lives, and our business environment by the time the year 2020 arrives.
Let’s take a look at those changes and their impact!
SPEAKER NOTES
We are living in a time of massive disruption where information and the way we use it is changing the rules of business.
Information drives innovation and growth. The recent innovation in technologies ranging from mobile devices, analytics, and social media, to cloud computing and the Internet of Things are breeding innovations that are challenging the established rules of business.
SPEAKER NOTES
At the heart of all the new technological innovation is information. No longer is information considered just the cost of doing business – now, it is well understood that information can be instrumental in driving innovation and growth.
When used the right way, information leads to greater customer satisfaction, accelerates time to market, helps to open new opportunities and enables you to remain competitive. In short, information is a key strategy component for every organization today.