Cement Energy Environment

14 Digital Maturity Simply, Digital Maturity is the ability of an organization to respond and take advantage of technological advancements that change how the market functions. Digital maturity is a measure of an organization’s ability to create value through digital; it is a key predictor of success for companies launching a digital transformation. Digital operations, or Industry 4.0, is on the agenda of manufacturing companies around the globe. Distinct from Industry 3.0, which involved the automation of single machines and processes, Industry 4.0 encompasses end-to-end digitization and data integration of the value chain; offering digital products and services, operating connected physical and virtual Implementing a tech-centred operation means the organization is actually changing processes, not just using technology to do the same thing that was done before. “Digital Maturity requires shaping entire operations around the right digital tools” Data Monetization Data Monetization refers to the process of using data to obtain quantifiable economic benefit. internal indirect methods consisted of using data to make measurable business performance improvements and ‘‘Using the data generated in Cement business model to produce a measurable economic value addition” assets, transforming and integrating all operations and internal activities, building partnerships, and optimizing customer-facing activities. Mastering Industry 4.0 requires a thorough understanding of collaboration, the commitment of top management, and a clear strategy. Companies that fail to embrace this essential change will likely struggle to survive. Uptill now, only a very few companies are poised at this moment to benefit from Industry 4.0. which are defined as the Digital Champions. informed decisions, and external or direct methods consisted of data sharing to gain beneficial terms or conditions from business partners and offering information products and services.