Industrial manufacturing companies need to adapt their business models to an outcome-based economy,
and to achieve this, establish strategic priorities such as customer-centricity, digital supply networks, smart factories, and new service models.
This requires creating a flexible enterprise architecture that enables companies to build on a modular architecture. A key element in achieving these goals is the implementation of an open API architecture, which provides the necessary flexibility and scalability to fully leverage the benefits of these new models. By focusing on customer-centricity and investing in digitalization, intelligent factories, and new service models, industrial manufacturing companies can drive innovation, improve efficiency and increase revenue.
Flexible enterprise architecture that enables companies to build on a modular architecture. This suggests that the ability to adapt to changing business needs is essential for industrial manufacturing companies to remain competitive.
Integration scenario that utilizes data lakes and AI-based technologies can provide valuable insights for improving operations. Collecting usage data of installed equipment can support outcome-based business models.
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Features Include
The implementation of an open API architecture is identified as a key element in achieving the goals of flexible enterprise architecture. It provides necessary flexibility and scalability to leverage benefits of new models, which can drive innovation, improve efficiency and increase revenue.
Industrial manufacturing companies are implementing capabilities to sell configurable products through digital commerce channels or configure price quotes. By integrating these capabilities, they can improve product customization, streamline sales processes, and increase revenue.
