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Expert Insights- The Industrial Internet of Things

Last month, SDI’s CEO, Chris Moore, sent out a one question survey in a series we’re calling Expert Insights.  The question: When will the Internet of Things fundamentally change the way you operate your business or sell to customers? 44% of our respondents answered that it already has.

What seemed like just an idea only a few years ago, the internet of things has quickly become a reality for industrial companies. Companies are seeing tangible benefits because of the digital transformation. And while digital transformation is indeed a reality, it’s still not clear to most companies how to build it into their strategies.

This is what is referred to as the digital gap – the difference between knowing what is possible and knowing the practical and pragmatic steps to get there. Research has shown that while 85% of companies see digital transformation as critical to the future success of their companies, only 13% of executives say they have a strategy in place.

In this short video, Chris Moore talks about the fundamental shift in current leadership structures, operating processes and information flows that will be required to transform organizations and help the industrial company of the future leverage the ecosystem of machines, people, software and supply chains that are driving better business outcomes.

Success Story

Our former solution provider was not independent; they were a supplier of parts. It's not the best thing to have a supplier be your MRO outsourcing provider. With SDI, we have a truly independent sourcing agent looking after our best interests.

SDI at Work

In the third post in this series on MRO As-a-Service by Spend Matters, Pierre Mitchell and Michael Lamoureux talk about how managing MRO as a process delivers benefits from efficiency to effectiveness and beyond to an evolutionary phase. The next generation of value, MRO-as-a-Service, helps organizations build intelligent, agile, scalable and integrated supply chains (direct and indirect).

The project team has worked its way through Define, Measure, Analyze, and Improve. It’s time to begin the Control phase. The key stakeholders gather to evaluate the solution as implemented and create a plan to sustain the improvements. The goal is to standardize the improved processes, establish an audit schedule and schedule periodic follow-up to identify additional opportunities for improvement.