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5 min read

Automation in the Industrial Sector for Growth

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Introduction

 

The turmoil of the last few years appears to reach new heights, as inflation, energy crisis and the remnants of the global pandemic torments businesses worldwide. Unfortunately, these currents are inevitable, and companies have no choice but to embrace them – the question is, are you prepared to face challenges or are you simply going with the flow? The good news is that there are always means to weather-out hard times, or even achieve growth, for each and every business sector. Naturally, strategies and methods differ regarding different segments, but there are certain factors that tend to be defining in each sector – digitalization and automation.

 

Industrial Automation

 

In their article on automation in industrials, McKinsey suggests that ‘automation will drastically alter the way companies work, and this potential makes it a top priority for many business leaders.’ However, the same article also reports that ‘companies in the heavy industry sector (such as in energy, mining, utilities, and manufacturing) tend to struggle to set bold aspirations, develop robust business cases, and devise effective deployment approaches to take advantage of automation.’

Nonetheless, switching to automated processes – especially those that concern repetitive tasks, such as data collection and data entry – does make a notable difference.

A certain degree of automation allows for more time-efficient operations, and instead of completing lengthy and mundane tasks, employees can focus on parts that do need the human outreach. What is more, the automation of processes has a highly positive effect on the overall atmosphere of the workplace – being liberated from demanding tasks that can now be easily automated, employees are able to create more balanced schedules with a great amount of pressure taken off of their shoulders.

Therefore, automation is not only benefiting companies on an economic level, but it also enhances employee experience, or EX, which is a key ingredient of long-term success.

The solution of introducing automation to the industrial companies seems to be a rather obvious choice in today’s economic case as mean of survival – a sector, previously lagging behind on automation, finally integrating digitalized solutions and achieving great success with that.

The greatest issue for company leaders of this sector is that there appears to be a significant delay in benefit realization.

The facts and statistics based on McKinsey’s survey show that ‘88 percent of respondents from the heavy industry sector’ has already invested in some form of automation transformation, but unfortunately, the bottom-line results of the project did not deliver as soon as expected.

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Image 1

 

As we can see on Image 1, ‘only 4 percent report capturing significant bottom line improvements’, and ‘more than half of respondents believe it will take anywhere from a year to more than three years to realize bottom line benefits—or simply don’t know.’ It is clear that the process of industrial automation is a rather long-term investment, taking more than one year in many cases.

 

One Possible Solution

 

Even if companies can allow themselves to think long-term, some of them are stuck in the pilot project and are unable to advance forward due to difficulties in their industrial processes, business strategies and end-to-end processes. These challenges can pose serious issues for leaders, however, there are a few methods to help us through these obstacles.

‘Setting the tone for a successful automation transformation requires’, as proposed by McKinsey, a ‘team to weave an ambitious vision into the overall enterprise strategy.’ This team may be internal, e.g. a leadership team, however, in case the company is quite unfamiliar with automation processes, it might be favourable for them to seek out guidance from external experts.

A framework that is able to mobilize and align departments during a transition is priceless, however, it takes a lot of time to develop such methodology from scratch. To resolve the problems concerning the business strategies and demand generation, Infinityn’s Agile Account-based Growth, or Agile ABG, framework puts forward great solutions.

 

Framework that works

 

The Agile Account-Based Growth (ABG) services offers professional guidance for those who embark on the journey of transformation, creating alignment between sales and marketing teams for the sake of smooth collaboration towards their shared goal, even during a transformation – revenue generation.

What is more, our highly experienced team of experts are responsible for finding opportunities and for increasing pipeline generation, using the combination of automated digital platforms and human outreach to ensure success.

To those who are interested in learning more about our methodology and services, we would like to bring attention to our ABG Guidebook we created to provide a detailed introduction to what Account-based Growth truly means and how it is set to improve any organization’s practices.

Subscribe and access our 58-page guidebook for deep insights and more!

Chapters include

  • What is Agile ABG
  • Agile ABG Framework: From Start to Finish
  • How to Implement Agile ABG into Your Organization
  • What can the Agile Account-Based Growth Framework do for You

DOWNLOAD GUIDEBOOK

 

In case you prefer personal consultation, our experts are happy to jump on a call, leading you through the ABG framework and answering all questions that may come up.

REQUEST A DISCOVERY CALL

 

 

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5 min read

Automation in the Industrial Sector for Growth

Introduction

 

The turmoil of the last few years appears to reach new heights, as inflation, energy crisis and the...