BMW Group Accelerating Digital Transformation Initiatives

Author photo: Sharada Prahladrao
BySharada Prahladrao
Category:
Company and Product News

The tidal wave of digital transformation has restructured global industrial operations. In a pandemic-affected world, digital transformation has moved beyond the “nice to have” boardroom jargon to a “must-have” imperative. Organizations were forced to adapt with agility and flexibility to this new normal and accelerate industrial innovation. Established practices and business models were disrupted and destroyed, but destruction led to reconstruction and new ways to resolve challenges. 

Defining “digital transformation” is complex as it encompasses the gamut from technologies, processes, and collaboration across teams and geographies. ARC Advisory Group defines digital transformation as: “The integration of digital technology into all areas of business, fundamentally changing the way companies operate and deliver value to customers. The organization is typically charged to innovate and improve across multiple dimensions such as digital/disruptive technologies, culture and leadership, operational agility, workforce engagement, customer experience, environmental, social and governance, and competitive performance.”

ARC has been tracking the digital transformation initiatives of companies by conducting surveys and analyses for the last 5-7 years. All this information has been collated and the Top 25 global industrial digital transformation leaders, across multiple industries and geographies, have been identified. ARC’s Industrial Digital Transformation Top 25 report highlights companies that are successfully integrating digital technology into all areas of business, fundamentally changing the way they operate and deliver value to their customers. This is the third in a series of blogs on the leaders in the digital transformation space.

BMW Group 

Digitalization in production, also referred to as Industry 4.0, opens new opportunities for the entire BMW Group production system – enabling the fulfillment of individual customer wishes and enhancing the flexibility and quality of production processes. The BMW Group is pressing ahead with the digitalization of its production Accelerating Digital Transformation Initiativessystem in the following technology clusters: Smart data analytics; smart logistics; innovative automation & assistance systems and additive manufacturing. 

BMW has been taking the next step in the systematic integration of additive manufacturing by scaling up to industrial levels for vehicle development and production. By additively manufacturing metal and polymer parts at various points in the process chain and different sites across the global network, the company has transformed its production process. Looking toward the future, BMW is investing hundreds of millions of dollars over the next five years as it looks to create a seamless digital experience for customers. 

Going Forward

The prevailing philosophy behind digital transformation has been that this transformation naturally translates to success. ARC will continue its research in all areas related to digital transformation to learn more about what is working – and what isn’t – as companies pursue their unique digital transformation activities. The Industrial Digital Transformation Top 25 report will be published annually. With this being the first issue, your feedback is very important to investigate new approaches and measures to adjust our methodology, identify successful digital transformation initiatives, and help the industry as a whole digitally transform. To download the final report, please click here

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