PIVOT INTERNATIONAL BLOG
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We’ve all heard the expression that “the whole is greater than the sum of its parts,” but what exactly does that mean, and why is it crucial to understand for successful product development?
A “whole” is different from a “totality.” A totality is a collection of parts (a “heap”), whereas a “whole” refers to the relationships and synergy between them. A heap is a box of puzzle pieces; a whole is what happens when you put them together. We all intuitively understand this, but in practice, putting the puzzle pieces together to create the bigger picture can be challenging for even the smartest of people.
Manufacturers are the number one industry target for cyber attacks. Is your product and company data safe? That’s a question you need to ask since the 2020 State of Encrypted Attacks identified manufacturing as the industry most vulnerable to malicious browser breaches. (It found that 38.6% of attacks were targeted at this sector.)
Manufacturing’s unique vulnerability lies in its tendency toward fragmentation and technological obsolescence. Fragmentation refers to the fact that the various facilities of single manufacturers are rarely on the same page. More often than not, each facility is using different systems and IT infrastructures with no coordinated oversight, integrative processes, or policy enforcement between them.
The Fourth Industrial Revolution, or what we know as Industry 4.0, has been barreling down the tracks and picking up speed for more than a decade. But the digital transformation accelerated by COVID-19 has turned the locomotive of Industry 4.0 into a high-speed bullet train. For product developers, deploying the most competitive combination of digital technologies is now the price of entry for the race to success. Among these technologies, predictive maintenance plays an essential yet often underestimated role. Let’s take a deeper dive into how essential this role can be.
Product managers have always worn multiple hats to bring together the many pieces of the larger product development puzzle. But as the digital world continues to pick up speed, the role of a product manager is complexifying. Product managers must focus on more than execution and timely delivery, striking an optimal balance between day-to-day product development processes and non-product related tasks.
As companies navigate for market position in 2021, they’ll need to focus on exploiting three rapidly growing trends. Let’s look at how understanding these trends can help your company capitalize on market demand and harness disruptive change to drive growth.