Digital Transformation
Savastano et al. (2019) stated that digital transformation (DT) is the critical resource to organizational development. It helps it flourish in the global market with its innovative strategies and for future survival and demands from the business. Digitalization and its transformation are essential to welcome future innovation used for a better purpose in the manufacturing company. It allows the manufacturing companies to develop a better economic environment that is variable in nature and changes with market demands. The manufacturing companies adopt the advances and the better technologies to upgrade their game in the market and change their business environment in response to the technology evolutions change. Li and Yang (2021) claim that the DT is the application used for the capabilities related to the digital process, assets, and products that can be enhanced in terms of efficiency, and the customer value of the manufacturer company can be increased. It is important to navigate the new revenue generation opportunities and to manage the risk related to the management and market.
Bokrantz et al. (2020) argued that the DT helps transform the manufacturing company in the external and internal operations that include marketing, sales, and the efforts to support the company. To adapt to the new technologies and transformational changes, the company must have the willpower to accept the cultural change and management changes. Smart maintenance in the manufacturing company can improve the quality of different products produced by the company and increase productivity per day. Smart maintenance should be introduced in all manufacturing companies as it helps by reducing the cost involved in manufacturing the product and other stuff. It also initiates the company to make easier decision-making.
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