Advance Smart Manufacturing

Advanced, “smart,” technology is revolutionizing traditional manufacturing. To stay competitive, manufacturers are tapping into new, advanced technologies to improve efficiency of traditional processes.  Forward-looking manufacturers are investing in AI, IoT, robotics, and other advanced technologies to enhance customer value, operations, and sustainability, while also concurrently pursuing "smart" practices in a multitude of other strategic areas from operations to customer value to sustainability. Companies that are furthest along in the transformation to smart have new ways of making money beyond product sales. They are digitally transformed and connected, data-driven, innovative, and agile, and they are better able to respond to disruption and opportunity.

Yet many manufacturers have made only modest progress in their transition from a focus of making products to focusing on providing products “as a service," and digitalization of those services. Why the disconnect? The bells and whistles of new technology can be luring, but manufacturers are finding that smart technology alone is not helping them become “smart.”

Manufacturers are realizing that modernization isn’t just a matter of adding a robotic production line – or even automating a whole factory. Becoming smart starts by taking a step back to audit current systems, to ensure they’re connected and are maximizing efficiencies. By ensuring current technology is being leveraged, manufacturers can make informed decisions in their path to smart manufacturing – a path with greater efficiency, scalability, and cost savings.

KPMG helps companies build smart industrial operations that integrate data, technology, and talent to enhance customer value and organizational efficiency. Smart manufacturing is more than automating traditional processes, smart makes manufacturers stronger competitors, faster innovators, and better performers for shareholders and stakeholders.