Why The Digital Thread Should Be The Top Initiative For Manufacturers

As a business leader, it’s your responsibility to execute the strategic objectives mandated by executive leadership. These may be wrapped in concepts like Digital Transformation, but what is really keeping everyone up at night is not having the ability to collaborate effectively.

According to Oliver Wyman’s report, Cutting Product Costs At Their Roots, 25-45% of all costs in engineered products have no value to the customer. These costs are now compounded by new workforce models allowing flexibility regarding where teams work. This new situation may cause slowdowns in your business as well as a lack of visibility that, in turn, uncovers disconnected processes and tools, resulting in increased time spent searching for and communicating the right context needed for effective collaboration.