Digital transformation is a term we hear often in the high-tech electronics industry. But what does it really mean? More importantly, what could it mean for you and your company?
Overview
Digital transformation is a term we hear often in the high-tech electronics industry. The term refers to the process of leveraging digital technologies to fundamentally change and improve the way businesses operate, deliver value to customers, and interact with stakeholders. It involves adopting digital tools, processes and strategies to streamline operations, enhance efficiency, drive innovation and create new business models.
Digital transformation is a strategic imperative for businesses seeking to remain competitive and relevant in today's evolving digital landscape. Embracing digital technologies and modernizing their operations, organizations unlock opportunities for growth and drive sustainable long-term success.
Digital transformation is more than just replacing manual processes with digital processes – the expected outcomes are cultural change and the adoption of re-imagined processes that take full advantage of well-defined digital strategies.
A company that digitally transforms successfully becomes a digital enterprise and enjoys benefits including:
- Replacing siloed practices and single-point software solutions with integrated technology platforms that link end-to-end across functions and/or the entire enterprise.
- Unifying separate sets of data and embedding automated data analytics into user interfaces and workflows to ensure that strategic and tactical decisions are driven by data-based insights.
- Making work transparent through shared applications to improve accountability, accelerate processes, and gain the agility to respond to or drive market disruption.
Key Takeaways
- Understand the 5 steps for true digital transformation
- Explore the use of digital transformation to break down silos and improve collaboration
- Learn how to leverage the value of digital transformation to reduce process complexity
- Ensure that you are not simply replacing (systems and processes), but instead dramatically improving
Speakers
Porter joined Siemens in 2020 having completed over 30 years in the electronics and semiconductor engineering, consulting, and business environments across multiple industries segments, including consumer electronics, aero/defense, automotive, wireless, med devices and network infrastructure. He has led teams in large OEMs including Apple, EDA software companies including Mentor, Cadence and Synopsys, as well as start-ups and professional services roles in both electronics and semiconductors. Porter has extensive experience in digital transformation architecture and implementation from both a customer and solution provider viewpoint. As VP of Electronics Industry, he is the executive responsible for defining industry strategy and partnerships, driving specific technology requirements and evangelizing enterprise solutions for Siemens Digital Industries Software customers in the electronics ecosystem.
Armenti has over 25 years of experience in the electronics industry. Prior to joining Siemens, he previously held management, technical marketing and application engineering positions at several major telecommunication and software companies including Mentor Graphics, Zuken, BlackBerry, Motorola and AT&T Bell Labs.
Lele has over 20 years of experience in product development, his expertise is deeply rooted in the complex domains of PLM, with refined skills in NPI, Bill of Material, Enterprise Change Process Management, Project/Program Execution, Document Management, Sustainability, and Compliance. He currently evaluates and refines product development and NPI processes, leads task forces for initiatives, and improving industry best practices. His focus is on sculpting products with a customer-centric approach, offering comprehensive program management support.