WBSP052: Grow Your Business by Understanding Artificial Intelligence and Industry 4.0 Adoption Barriers w/ Martin Cloake

WBSRocks: Business Growth with Enterprise Software and Digital Transformation

Chapters
0:07
Intro
2:08
Personal journey and current focus
4:08
Perspective on growth
5:14
Why is data necessary for effective decision-making?
9:10
Key barriers to make the shop floor industry 4.0 ready
12:08
Shop floor data collection challenges for manufacturers
20:03
The role of financial data with shop floor data collection
21:46
The implications of siloed financial and operational data
24:39
The role of different data sources with shop floor data collection
27:47
The challenges of integrating operational and financial data
33:24
Closing thoughts
37:03
Outro
WBSRocks: Business Growth with Enterprise Software and Digital Transformation
WBSP052: Grow Your Business by Understanding Artificial Intelligence and Industry 4.0 Adoption Barriers w/ Martin Cloake
Mar 23, 2021 Episode 52
Sam Gupta

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Data is the new oil. But collecting data could also mean distracting your operators from focusing on jobs. Moreover, just because you collected millions of data points, drawing insights or meaning could be challenging if your systems are siloed and don't communicate with each other. Finally, the data quality issues may result in poor sales and operations planning, impacting your bottom line and growth.

In today's episode, we have our guest Martin Cloake, who discusses different barriers associated with Artificial Intelligence and Industry 4.0 adoption. While technology has come a long way, he shares his insight into how behavioral challenges impact manufacturers to operate with a continuous improvement mindset. Finally, he discusses why siloed systems result in companies operating on two sets of KPIs and ledgers and the impact on the growth of this siloed mindset.

For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.