Today’s manufacturing CIOs are responsible for a wide variety of issues on the shop floor, ranging from IoT security to supporting business operations and modernizing the smart factory. A key focus for the majority of manufacturing CIOs is to adapt to the changing roles that operation technologies (OT) and information technologies (IT) play. With all these responsibilities, CIOs are also faced with inflation, labor market shortage and global supply constraints in today’s economy. Successful leaders should strive to improve supply chain transparency, reallocate resources, outsource manufacturing operations and modernize their smart factories.
The top business priorities for manufacturers in 2023 should be to improve profit margins while reducing operating costs. In order to do this, CIOs should consider looking to Industry 4.0 solutions to proliferate their smart factories. With help from Industry 4.0 technologies, smart manufacturing is making operations faster, safer, more efficient and more profitable for organizations across a multitude of industries.