Using insights gathered from the sector, the Aerospace Technology Institute has created a simple framework representing the possibilities digital technologies offer.
Digital transformation is changing the way manufacturers operate, regardless of size, sector, or location. Through greater, more intelligent use of data and smarter, connected processes, technologies are influencing the way organisations behave and operate.
Digital is playing an ever more important role in the economy, and its impact is beginning to be realised throughout UK aerospace. Digital transformation represents a step-change in many areas, from integrated supply chains to new business growth opportunities via service delivery (servitization).
The Aerospace Technology Institute (ATI) digital transformation framework covers market-led business opportunities and capability needs. It enables companies to assess where they are on the digital transformation journey and their direction of travel.
It ranges from straightforward ‘low hanging fruit’, that should be the starting point for any business wanting to optimise its operations, through to high level customer-oriented concepts.
The ATI has highlighted three key value creation themes, increasing in their sophistication and transformative potential: integrated supply chain, sector servitization, and digitally-enabled disruption.
Each presents new opportunities for products, delivery and business models. Realising these opportunities, however, requires four capabilities to be deployed: technology, data & analytics, digital mindset, and digital trust.
There are also various barriers that can hinder innovation and the translation of digital capabilities into business value.
These opportunities, capabilities and barriers are discussed in the inaugural issue of INSIGHT, a new series of ATI publications that will explore a range of cross-sector issues and topics.
The first topic is digital transformation.
The Manufacturer Smart Factory Expo
Nov 15-16, 2017 – Exhibition Centre Liverpool
The UK’s biggest showcase for the Fourth Industrial Revolution (4IR) – a revolution in manufacturing agility, innovation and thinking.
Highlighting the best solution providers and technology offerings, this unique FREE event is for manufacturing business leaders keen to adopt the relevant tools and knowledge to drive business growth.
New for 2017:
- Buyer Lounges – matching buyers and sellers
- Tech Zones – Industrial IoT, Automation & Robotics, Additive Manufacturing, Digital Transformation, and Big Data
- Solution Theatres – engaging expo attendees with case studies and cutting-edge developments
- Mentor Clinics – find the answers to your questions
- Innovation Alley – growing the expo ecosystem with hardware start-ups