Verified Document

Use Of New Technologies In Manufacturing Article

The focus on accountability and ensuring each workflow throughout a manufacturing operation is abiding by governance requirements is essential for protecting customer, company and supplier data. Too often manufacturers become too enamored with technology alone and forget to see the broader ethical and privacy implications of their decisions to invest in data-centric initiatives. The hard reality is that the more data-centric an initiative is the more oversight it requires to ensure ethicacy and clarity, and most of all to protect the data that is literally moving unprotected throughout production processes literally 24 hours a day. How Information Technology Affects an Organization's Strategic Position

The collection of nascent technologies mentioned by Columbus (et.al) in the recent Forbes article taken together act as accelerators across all five dimensions of the Porter Five Forces Model. Beginning with the Threat of Substitute Products, the advent of big data analytics has the potential to reduce production costs while increasing supply chain coordination, leading to a wider variety of substitute products for manufacturers. Taken throughout an industry value chain, this translates into the redefining of an entire industry. Analytics combined with the performance gains from production efficiencies also increases the bargaining power of suppliers, many of which will gain greater insight into how best to manage their own supply chains for greater competitiveness. The series of technologies mentioned by Columbus (et.al.) also have immediate implications on the synchronization of suppliers network-wide as well. Big data analytics is directly contributing to the development and launch of new market entrants today as well, and this applies across all manufacturing industries. Insights gained from big data analytics can also provide insights into how best to aggregate dissimilar components together and create entirely new solutions to complex problems. The fourth element, bargaining power of buyers, is also being accelerated by all the technologies mentioned in the article as well. Buyers are increasingly sophisticated...

This is occurring across all manufacturing industries today as the accumulated effects of these technologies continues to redefine the structure of industry value chains. The accumulated effect of these technologies on the four surrounding elements is ultimately seen from their effects on the intensity of rivalry across different industries. The level of rivalry and relative level of intensity is directly proportional to how fast a given industry's value chain is moving in the direction of commoditization. This is also predicated on how well each industry participant is adopting technology as an accelerator vs. detractor to their overall strategic growth. For many manufacturers, the collection of these technologies will mean they have entirely new levels of performance available yet at the price of increased ethics and privacy oversight.
Conclusion

Nascent technologies including big data analytics, mobile and robotics have the potential to completely reshape entire industries. Only by considering how each of these technologies can contribute to greater company performance while staying within ethical and privacy guidelines can a manufacturer attain performance gains while staying in ethical alignment to governance requirements. The implications of these technologies on accelerating the performance is clear; it is up to each manufacturer on how they manage the tradeoffs inherent in each. Only by creating an ethical oversight and governance program can any manufactures hope to contain the inherent risk of company, customer and supplier data being comprised. For these technologies to deliver the fully realizable value, these factors need to be taken into account.

Sources used in this document:
References:

Columbus, Louis. "Big Data Analytics, Mobile Technologies and Robotics Defining the Future of Digital Factories." Forbes.com. Forbes, 15 Feb. 2015. Web. 18 Mar. 2015. http://www.forbes.com/sites/louiscolumbus/2015/02/15/big-data-analytics-mobile-technologies-and-robotics-defining-the-future-of-digital-factories/&gt
Cite this Document:
Copy Bibliography Citation

Related Documents

New Technologies of Civil War
Words: 1083 Length: 3 Document Type: Essay

War The Civil War is hailed by many as the first modern war that was fought, at least within the United States. The dimensions that can be assessed in this regard include technology, public opinion and sustainment operations. There were certainly linkages between the American Revolution and the Civil War. However, a lot changed from the 1970's to the 1860. Indeed, that is nearly a century's worth of time. This

Agriculture and New Technologies Agriculture and New
Words: 2866 Length: 9 Document Type: Research Paper

Agriculture and New Technologies Agriculture and New Technology Agricultural techniques and technologies have changed vastly over the last several decades contributing to significant improvements in productivity. Today, farming has become a knowledge intensive practice with more than 90% of the farmers across the world using scientific farming methods to minimize their cost and improve their yield. . The cost savings effected in terms of efficient use of fertilizers, herbicides and pesticides under

Manufacturing Process of a Bicycle
Words: 2680 Length: 10 Document Type: Term Paper

Between 1971 and 1979, Bridgestone built almost 1 million bikes for Schwinn, or roughly about 4.5 times the number of bikes Bridgestone-Japan built in during the Bridgestone years of 1984-1994. Bicycle manufacturers such as Schwinn did not begin manufacturing their own frames until the late seventies. Bridgestone had been producing its handbuilt Paramount line of racing and touring machines, with elegantly carved and hand brazed joints, since 1938, and

Manufacturing World Class Manufacturing
Words: 15740 Length: 57 Document Type: Term Paper

Manufacturing Seven Key Elements for Successful Implementation Norman Binette, Jr. Biddeford, Maine Manufacturing organizations are built on the premise that they possess the ability to provide a wide variety of quality products for their customers. This reputation is dependent upon the constant review of existing processes and the identification of new and innovative methods of production that will enhance and increase the diversification of product lines. One such process that has proven itself

New Travel Magizine Business
Words: 2618 Length: 10 Document Type: Essay

4. Number of vendors The article editing operations would be offered by the same vendor offering the research operations. 4.5. Timeline for the contracting process In a context in which the magazine is published once a month, the editing of the articles would be expected to be completed within a week, normally the third week of the month, after the two weeks of research are completed. 5. Photography Operations 5.1. Preliminary performance targets The foreign contractor

New Technology the Best Cure
Words: 13809 Length: 50 Document Type: Term Paper

Taken in isolation, some of the new, minimally-invasive procedures are less expensive by far, when analyzed on a procedure-by-procedure basis, than previous significant surgical interventions, as demonstrated below: Procedure Cost Estimated duration of 'cure' CABG 5-7 years PCI (percutaneous coronary intervention 3-5 years Based on the above analysis, it would appear to be clear that a PCI is more cost-effective than CABG procedures. This may not be true when all costs are considered, however. The logic of

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now