Breakthroughs in information and communications technology (ICT) are driving automation today. Increased computing power is permitting the processing of complex data from sensors in real time, enabling machines to be more responsive than ever.
For manufacturers working in a competitive global market environment, product price point is an imperative. And yet, the intelligent optimisation of assets, which can have a major impact on reducing production costs, is an area often overlooked.
Building a collaborative business model, which integrates skills and capabilities across companies in ways that are difficult for competitors to replicate, can deliver competitive advantage. The selection of the right skills and capabilities is therefore a strategic task.