Businesses in Singapore need to capitalise on digitalisation efforts to stay competitive and relevant in today’s rapidly evolving landscape. Through digitalisation, businesses can streamline their operations, automate repetitive tasks, and optimise resource allocation. LKH Precicon works closely with well-established partners to turn old legacy machines into intelligent machines by adding smart capabilities that can communicate at the manufacturing plant level.

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Some Digitisation Programs that we provide:

Why it is important:

  • Industry 4.0 and the Industrial Internet of Things (IIoT) is driving the growth of wireless devices being deployed to digitize field data (e.g. sensors)
  • More factories are using sensor data to inform and boost plant operational performance
  • Manufacturers are upgrading their plant’s technological infrastructure and digital ecosystem to meet Industry 4.0 requirements

Benefits:

  • Helps convert manual readings (Analog) to electronic ones (Digital) that is commonly adopted by companies that are looking to transform their processes digitally in this Advanced Manufacturing era
  • Delivering asset data integrity through digitization in plant operation and equipment maintenance so your technicians can focus on more important tasks
  • Allowing manufacturers to support additional advanced technologies such as AI, IIoT when replacing analogue control systems
LKH Precicon and Tai sin digitalization program
A Transformational Journey for Manufacturer In this video, one of our clients, Tai Sin Electric, embarks on a Transformation Journey ...
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The Benefits of Digitisation in the Manufacturing Landscape

Manufacturing process digitisation can greatly improve the overall accuracy, productivity of workers, and product efficiency. Businesses may save rework, improve the calibre of their output, and increase their earnings by switching from manual reporting—which is prone to human mistakes and can become outdated—to digital alternatives. This transition creates a more effective and error-free production environment by assisting businesses in avoiding costly errors and guaranteeing that employees do their responsibilities accurately the first time.

Advancing Healthcare Through Digitisation

Digital transformation is revolutionising both medical device manufacturing and healthcare delivery by leveraging advanced data analytics, machine learning, and digitisation. In medical device manufacturing, these technologies enable real-time monitoring and proactive quality control, minimising defects, reducing waste, and ensuring compliance with stringent regulatory standards. Digitisation requires careful planning, substantial investment in technology and training, and a strong focus on cybersecurity and data privacy to ensure successful and secure implementation across the healthcare ecosystem.

Banking and Finance in the Digital Age

As digital transformation advances, robust cybersecurity measures are crucial, especially with the growing digitisation of financial services. Banks need to invest in strong security protocols to safeguard customer data, prevent cyber-attacks, and maintain regulatory compliance. Alongside enhanced security, digitisation offers improved customer services, providing convenience and time-saving benefits that foster customer loyalty. Moreover, digital transformation boosts operational efficiency and enables data-driven decision-making. However, this shift towards digitalisation also brings challenges related to cybersecurity, data privacy, and regulatory compliance.

Frequently Asked Questions

What is Digitisation, and how does it differ from Digitalisation?

Ans: In industrial automation terms, digitisation refers to the conversion of analogue information into digital format. This conversion enables the storage, processing and transmission electronically, making handling data in industrial applications more efficient. On the other hand, Digitalisation uses digital technologies to improve, optimize, or develop new business models or services. While digitisation is about converting analogue to digital, digitalisation extends beyond digitisation by using digital technologies to implement innovations in industrial processes.

What role do digital technologies like AI and IoT play in digitisation?

Ans: Artificial Intelligence (AI): AI plays a crucial role in deriving valuable insights from big datasets created during digitisation, improving decision-making and optimising processes.

Internet of Things (IoT): IoT devices play a key role in digitisation because they collect data in real time from various sensors and actuators in industrial settings. This constant data flow makes improved process monitoring, control, and analysis possible, improving automation, efficiency, and connectivity.

What types of industries benefit the most from Digitisation Programs?

Ans: Industries like Manufacturing, Healthcare, and Finance & Banking would benefit the most from digitisation programs. These industries leverage digitisation to optimize processes, enhance services, and stay competitive in rapidly evolving markets.

What are some reasons/what leads businesses to embark on digitisation initiatives?

Ans: Businesses embark on digitisation initiatives to enhance efficiency, reduce costs, and stay competitive in evolving markets. The main motivators are the need to innovate and investigate new revenue streams, deliver better customer experiences, and desire better decision-making through real-time data analytics.

What impact does Digitisation have on the workforce/industries?

Ans: By introducing cutting-edge technologies and revolutionizing traditional processes, digitisation has greatly impacted industries and the workforce. Workforce operations have been improved by automation, artificial intelligence, and data-driven analytics, which increases productivity and efficiency. While digitalisation creates new opportunities for tech-centric employment, it also requires existing workers to be more adaptable and upskilled. Industries benefit from more connectivity, fast decision-making, and innovative possibilities.

How can companies ensure that digitisation aligns with their overall business strategy and goals?

Ans: Companies should take a strategic approach to ensure that digitisation fits their overall business strategy and objectives. To achieve this, a thorough evaluation of their current operations must be carried out to identify important opportunities for innovation and improvement through digitisation. Effective communication, cross-functional collaboration, continuous monitoring, and employee training are pivotal for aligning digitisation with business strategies and fostering a tech-savvy culture, ensuring successful implementation and sustained growth in a competitive landscape.

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