However, investing in technology isn’t necessarily the secret to success. Read on to learn why you should be focusing on outcomes (and which ones matter) to achieve the results you want.
Why Technology Alone Isn’t the Answer
“Wait, how can technology alone not be the answer?” you ask, confused and rather irritated. “I have all of these articles, not to mention software vendors, telling me that I have to buy X, Y, and Z in order to reach unparalleled levels of manufacturing success!”
It’s easy to fall prey to the hype. There’s even a name for it – Shiny Object Syndrome. Something new and exciting comes along, and everyone tells you that you have to have it so you can be more efficient, effective, and improve your bottom line.
But technology alone isn’t going to get you where you want to be. You can implement any number of solutions, though if you don’t have clear goals in mind, you won’t get anywhere. Yes, you read that right. Implementing technology isn’t a silver bullet. Rather, the secret lies in implementing technology that will help you meet your goals.
Why Outcomes Matter
So, if technology alone isn’t the answer, what is? The answer is outcomes.
If you know what outcome you want to achieve, you can use the right technology to attain that goal. Let’s say you want to attain higher levels of performance – you might deploy sensors that would transmit data about your manufacturing equipment. What would happen if you deployed sensors without having a particular outcome in mind? You would have a great deal of data, without knowing what to do with it or what it meant.
Moreover, you can add value to your company when you prioritize outcomes. We’ll go back to the example about raising performance levels. When you can determine where your performance is lagging thanks to sensors, you can fix those problems and deliver higher value to your customers.
You can also alleviate pain points when you focus on outcomes as opposed to purchasing technology without clear goals. In fact, investing in new technology without focusing on outcomes can actually lead to more pain points, because it will create a host of problems you didn’t have before.
What Outcomes Should You Focus on?
What are the outcomes that matter most? That’s not a question with one easy answer. Rather, it depends on your individual organization’s needs.
Do you need to improve performance? Have you noticed you’re wasting resources during the manufacturing process? Is one of your goals to expand into a new market? Those are all outcomes that can be achieved through technology. However, what is the right outcome for one company isn’t going to be the correct outcome for a second. Consider your needs carefully, choose the right outcome, and then invest in technology for the best results.