IDC MaturityScape Guides Manufacturers Through Information Digital Transformation
To help organizations successfully weather and capitalize on this information transformation, IDC Manufacturing Insights unveils a new report, “IDC MaturityScape: Information Digital Transformation in Manufacturing,” (Document# US41144316).
Q2wSThe new report provides a framework for identifying the stages, critical measures, outcomes, and actions required for IT organizations to effectively evolve to information transformation as a critical enabler of digital transformation for their enterprise.
Information transformation is a critical component of manufacturers' overall digital business transformation. In the new report, IDC Manufacturing Insights recommends manufacturers act quickly to capitalize on the value of information that is and will become available to them. The report also advises embedding intelligence on how manufacturers manage their operations and deliver their products and services. Leaders in information transformation will treat data and information as they would any critical business asset — with investments in people, processes, and technologies that acknowledge information's strategic importance, in addition to solidifying a road map to maximize information's contribution to the business' success. The most advanced companies can accelerate the pace of sophisticated analysis, the mix of data and data types, and the ability to optimize and predict business decisions.
According to Kimberly Knickle, Vice President of IDC Manufacturing Insights, IT Priorities & Strategies, “To gain competitive advantage and become increasingly customer centric, manufacturers must adapt their classic data management approaches to master a differentiated information value chain.”
The IDC MaturityScape for information digital transformation enables an organization to assess its competency and maturity and use a baseline in defining short- and long-term goals and plans for improvements. It also enables executives to prioritize and obtain guidance in leveraging and managing their fastest-growing asset: information. With this document, an organization can use a comprehensive set of objective criteria to benchmark its maturity against an industry benchmark — in the quest to achieve fact-based and data-driven decision making and derive desired outcomes based on business-oriented, organizational goals.
IDC recommends leaders focus on the following dimensions and their sub-dimensions when evaluating their information transformation maturity:
Data discovery. Acquisition and preparation, exploration, visualization, and datafication
Value development. Analytics, algorithms, program management, and quality
Value realization. Monetization, productization, real-time orchestration, and service innovation
Knowledge and collaboration. Work virtualization, knowledge and integration, governance, and risk
Information architecture. Data management and enterprise information model, integration and synchronization, IA services, and security
"Manufacturers are investing in some of the tools they will need to leverage information and knowledge as critical business assets. But to yield the greatest benefits, manufacturers must do more than just invest in tools; they must undergo an information transformation. Our new IDC MaturityScape offers senior leaders a framework to assess their enterprise challenges and create a sound information transformation strategy," concluded Knickle.
IDC Manufacturing Insights notes, the promise of information transformation seems so large that it's tempting to attack on every front and hope to have some success by the rule of numbers. However, in this case, doing everything at once is not the appropriate way. Having a game plan to achieve some initial success or risk modest failure, learn from either scenario, and then expand, is far more likely to deliver sustainable success.