“94% of executives in industrial companies see digital transformation as a top strategic priority”
Deloitte (2019)
OVERVIEW
THE EXTINCTION OF PAPER IN THE INDUSTRY
Paperless processes and digital transformation have emerged as fundamental movements toward the new age of Industry 4.0. However, paper-based procedures are still the basis of industrial operations. It is common for directors, managers, and frontline workers to resort to physical documents to perform their daily tasks. From Standard Operating Procedures to logbooks, workers are expected to pick up legacy papers before they start their processes, fill them out at each step of the way, and deliver them once they have completed the processes.
HOW TO MEASURE THE IMPACT OF DIGITIZING PROCESSES
Industry 4.0 has sponsored the rise of new technologies that help businesses improve their value creation. However, the real question remains: What is the true impact of these technologies on businesses? What is the real return obtained from digitizing processes with AR?
THE RESULTS OF DIGITIZING PROCESSES
This study concluded that the identified tangible benefits of Digitizing Processes with Augmented Reality emerged as soon as the product was life. Process digitalization translated into higher productivity which resulted in higher global results. The total benefit per year is €581.193. Regarding the costs, there are two components: upfront cost per facility and licensing, which combined, represent a total of €249.896 per year.
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