Technology, media and entertainment (TMT) companies continue to rapidly innovate, battle cost pressures, and extend supply chain visibility. They want to sustain or improve competitive advantage by looking beyond traditional ERP to improve their supply chain performance.
Companies are pursuing digital technologies such as machine learning, IoT, and artificial intelligence. They still struggle to leverage their data assets to gain deeper insights into their supply chain. Doing so would improve customer experience and help them become a driven organization.
86% of US CEOs say technological advances will transform their business over the next five years.
A transformation in production and automation was brought on first by steam and water power (Industry 1.0), then by electrification (2.0), and more recently by the digital computer (3.0).
Industry 4.0 is the current version of Industrial Revolution using automation, connectivity and data exchange to get an “End-to End Digitization of Processes and associated Physical Assets”. The other terms synonymous with this include “Digital Enterprise”, “Perfect Production”, “Digital Supply Chain”, “Industrial internet.
The chief enablers for this rapid transition are these:
These technological advances combined with companies willing to adopt them has resulted in the concept of Industry 4.0. The main features of this revolution include, but are not limited by, the following:
TMT companies are in the forefront by adopting, innovating and defining business applications for digital technologies.
They are also seeing a higher adoption of their products by customers looking for emerging technology. Media companies are finding new and efficient ways to market and deliver their products to both existing and new customer populations. Telecom companies are riding on this wave with 5G, VOIP and innovative internet offerings.
Innovation requires a data driven platform, with the requisite finance and supply chain processes, to protect existing and create new business models.
TMT companies utilize a different type of operations and supply chain model than traditional manufacturing companies. PwC possesses a unique blend of business, experience and technical expertise necessary to assist TMT organizations in transforming their business and solving supply chain challenges.
With our deep supply chain and benchmarking experience, PWC can assist TMT clients in solving complex supply chain business problems by leveraging the full capabilities of SAP’s Intelligent suite of applications including S/4HANA, Integrated Business Planning, SAP Ariba. Pwc can help companies become intelligent enterprises and build a connected supply chain by extending these solutions using IOT, ML, AI, and blockchain.
Director – SAP Advisory Practice, PwC US
Tel: +1 (214) 364 8376