Across industries, businesses are facing up to modern risks—including workforce management challenges, the impact of not updating existing infrastructure and legacy technology, and security risks—and making the Digital Thread investment to modernize how their organizations operate.
The digital thread—a communication framework that connects traditionally siloed elements in manufacturing processes and provides an integrated view of an asset throughout the manufacturing lifecycle— involves connecting assets and collecting data to generate actionable insights using three key technologies: the Internet of Things (IoT), remote monitoring (RM), and augmented reality (AR). The convergence of these three technologies can lead to real change in enterprises that establish a connected digital thread between and among their functional groups. The resulting integration supports better, data-drive decisions and results in process improvements that create a positive impact on profitability.
The interconnectivity and real-time nature of these technologies are changing the fundamental ways that businesses operate.
Data is the most valuable asset within any modern organization and the lifeblood of the digital thread. Information from sensors, machines, processors, and people can be captured, measured, and analyzed for a variety of uses, such as optimizing and automating operations, improving task efficiencies, enhancing R&D, and upgrading production. Partnered with other technologies, such as machine learning, organizations are using this data to garner insights, support decision making, and stimulate the product development process. RM, which goes hand in hand with IoT, allows organizations to track the movement of people and machinery and to share work across diffuse environments, including collaborating and sharing files and work products. AR, an overlay of virtual objects to enhance a real-world environment, uses data from sensors and IoT devices and supports improved operations and efficiencies and product development.
The result: A connected organization using a real-time informational ecosystem to make more informed, data-driven decisions.
The digital thread is leading to new process innovations that enhance operations and increase profitability for organizations across all industries. Advanced technologies such as IoT, AR, and RM are key ingredients of realizing the potential impact. Capturing the benefits of a digital transformation starts with understanding your business case—and how smart connected products, with the analytics and operational efficiencies they enable, can add value to all areas of your enterprise ready to make the investment.
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