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The Digital Transformation: Unlocking New Dimensions in Manufacturing Efficiency

Journal: RUDN Journal of Economics (Vol.32, No. 2)

Publication Date:

Authors : ; ;

Page : 235-250

Keywords : competitive strategy; digital transformation; innovation challenges; manufacturing industry;

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Abstract

The manufacturing sector stands on the cusp of the digital revolution that holds the promise of fundamentally reshaping its operational landscape. This paper delves into the transformative journey of digital integration within the manufacturing realm. Employing a scoping review methodology, this study amalgamates insights from prior literature and case study analyses to shed light on the digital transformation process and its consequent outcomes. The discourse initiates by scrutinizing the prevailing state of digital transformation in the manufacturing sector, with a particular focus on the embracement of Internet of Things (IoT), Artificial Intelligence (AI), Digital Twin (DT) and Robotics technologies that are at the forefront of driving efficiency and spurring innovation. The article then cites China’s experience in the digital transformation of manufacturing and outlines the challenges that manufacturers may encounter, including cultural inertia and skills deficiencies, and spells out strategic interventions to overcome these obstacles. Moreover, the discussion ventures into prospective trajectories and innovations in manufacturing digitalization, forecasting the ramifications of emergent technologies such as advanced robotics, 5G connectivity, sustainable manufacturing practices, and customization trends. The significance of this research’s contribution to the scholarly domain is underscored, culminating in an exhortation directed towards industry stewards and policy framers to champion and facilitate digital transformation, accentuating its strategic imperative and the competitive leverage it bestows. This article delineates a strategic framework for navigating the intricacies of digital transformation within the manufacturing sector, offering invaluable perspectives for academicians, industry practitioners, and policy architects endeavoring to unravel new paradigms of efficiency and competitive edge in the digital epoch.

Last modified: 2024-07-07 16:47:33