If you think ai is the key to your company’s digital transformation, you’re missing a few pieces of the puzzle. Artificial intelligence (AI) allows greater connectivity between people, information, and machines, improving how manufacturers optimize products and processes. Just as manufacturers have benefited from Lean Management principles, AI promises to be the next evolutionary step in productivity advancement.
Organizations today face rapid technological change and must continuously transform to stay competitive in their evolving markets. As businesses increasingly start to adopt Artificial Intelligence for the first time, the criticality of Process Orchestration is now clearer than ever before.
Lean Digital practices are emerging as a crucial aspect for business aiming to thrive in a complex global environment
Innovations in technology have revolutionized the healthcare industry in recent years, making significant improvements in patient outcomes and experiences. However, implementing technological advancements requires a structured approach. This article explores the impact of technology in healthcare and highlights the benefits of a lean digital transformation approach.
Lean Digital Aviation is a rapidly developing approach that is changing the way aviation businesses operate. It combines lean management principles with digital technology to create a streamlined and efficient operating environment. Lean Digital Aviation can help organizations by optimizing their processes and increasing their efficiency. The ultimate goal of Lean Digital Aviation is to identify and eliminate waste, increase productivity, and improve safety in the aviation industry, while also improving the overall customer journey.
Why Four Principles believes that the Lean Start-up methodology, which is the core of its just recently launched Disruption-as-a-Service (DaaS), is more applicable today than ever. Research shows that new companies fail at a startlingly high rate, with 75 percent of venture-backed startups doomed to crash and burn, according to research by Shikhar Ghosh of the Harvard Business School. In fact, according to statistics for 2020 compiled by Review 42, the failure rate for all new startups – not just those backed by VC funding – is closer to 90 percent.
A year into the COVID-19 pandemic, companies must cope with greater uncertainty than ever before, due to the unpredictability of consumer demand, dramatic fluctuations in supply chains and the instability of the broader economy. The future looks just as unsettled, with manufacturers tasked with trying to determine the ways in which things will settle in the new normal i.e., Which changes will be long-lasting or even permanent. In an environment in such flux, some have wondered whether Lean Manufacturing remains as relevant and valuable as in the past.
