Complexity Management 4.0 Strategy Day 2022
Complexity Management is the Key for Competitiveness in the Industry 4.0 Age
Digitalization is amplifying product and variant diversity. Customers want digital added value, new services and customized products. Industry 4.0 concepts, methods and technologies enable innovative manufacturers to satisfy this needs. But the complexity must be kept on a sensible cost level. Fast changing market conditions and regulations add to even more complexity. To control and adjust the optimum level of complexity is decisive for profitability and competitiveness. It’s important to keep in mind that reduction of complexity isn’t always the desirable result, because certain levels of home-breed complexity can be positive by creating a specific competitive edge, like unique quality or product features. Complexity Management enables us to honor all aspects of complexity and to avoid cost traps.