When it comes to innovation, manufacturing CEOs today are dealing with a list of competitive challenges. Among them: how to make the most of the Internet of Things, harnessing technology to increase customer demand, and recruiting the right technical talent. Here are dozens of ideas that can help.
At Chief Executive’s 2015 Smart Manufacturing Summit in Indianapolis, held April 29-30, attendees participated in a Solutions Exchange, where they shared ideas and best practices on these topics. Their ideas and experiences are shared here for all CEOs.
Exploring the Internet of Things: Strategies for Connecting Your Facilities Today
Tip: The Internet of things (IoT) connects the unconnected. It’s the next generation of the Internet. But don’t just connect things. Be intentional.
Harnessing Technology to Increase Customer Demand
Tip: With regard to charging customers based on risk-sharing and improved output, don’t hesitate to pursue it, but beware of the amount of data you will need to manipulate and make sure you have that capacity.
Recruiting Technical Talent
Tip: Convince future prospective workers that a career in manufacturing is interesting, well-paying work. Dispel the image of the dark and dingy factory environment.
Engaging the Millennial Workforce
The most important action leadership can take initially is to understand the desires and needs of millennials by listening and communicating with the workforce.