Innovate Development Models to Advance Smart Manufacturing
1. Growing Global Influence of Innovation
Four Chinese enterprises including DJI were included in Fast Company’s 2018 Top 50 Most Innovative Companies list, with Tencent ranking fourth ahead of Amazon. Seven Chinese firms such as Tencent, Hikvision and China State Shipbuilding Corporation Limited made it to Forbes’ 2018 World’s Most Innovative Companies Top 100.
2. Deploy Smart Production and Advance Smart Manufacturing
Enterprises like XCMG and Sany deliver full-lifecycle product services including remote monitoring and diagnosis via internet technologies. Sany serves 100,000 pieces of equipment worldwide, generating an additional profit of 2 billion yuan and cutting costs by 60%.
Surveys show that among China’s Top 500 Private Enterprises:
274 (60.49%) have rolled out smart production to advance smart manufacturing, an increase of 33 from the previous year;246 (54.30%) adopt network-based collaborative innovation to realize low-cost manufacturing;181 (39.96%) provide personalized customization to develop service-oriented manufacturing;168 (37.09%) complete the service-oriented transformation of industrial businesses;166 (36.64%) develop intelligent products.
3. Follow the Trend of Informatization and Explore New Corporate Development Models
As new-generation information technologies integrate deeper into manufacturing, the intelligent upgrade of manufacturing has become an irresistible trend. The Outline of the 13th Five-Year Plan clearly proposes launching the smart manufacturing program to transform production modes toward flexibility, intelligence and refinement.
Smart manufacturing stands out for its ability to shorten product R&D cycles, boost productivity and product quality, cut operating costs and energy consumption, and foster internet-based new formats including crowd innovation, crowdsourcing and crowdfunding. Chinese manufacturers carry out smart manufacturing in two key dimensions:
First, intelligent upgrading of traditional production processes.
Chinese manufacturers feature uneven industrial maturity, with a development stage marked by making up for Industry 2.0 gaps, catching up with Industry 3.0 and laying groundwork for Industry 4.0. Regional and sectoral gaps in intelligent transformation remain prominent. Therefore, digital upgrading shall be advanced step by step based on corporate realities, covering process-based intelligent manufacturing, discrete intelligent manufacturing, networked collaborative manufacturing, personalized customization and remote operation & maintenance services.
Second, encourage enterprises to cultivate new business forms such as industrial cloud, industrial e-commerce and industrial big data powered by smart manufacturing.
New-generation information technologies have reshaped China’s economic and service landscape. Driven by models of “Internet Plus”, “Technology Plus”, “Finance Plus”, “Logistics & Warehousing Plus” and “Big Data Plus”, business model innovation has become a core competitive edge for both startups and traditional service enterprises, and is widely regarded as a powerful channel for Chinese firms to achieve late-development advantages.
Unicorn enterprises have sprung up rapidly in recent years. Driven by new technologies, innovative business models and abundant capital, these companies expand and scale up quickly. However, they also face severe managerial challenges brought by hyper-fast growth.
Unlike traditional enterprises, unicorns feature a distinctive life cycle. Fueled by massive capital injection, they expand rapidly and quickly gather talents, funds and resources. To sustain rising corporate valuations, they maintain high operating costs. Their startup and growth phases are greatly compressed, leaving them with incomplete management systems and immature operational capabilities that should have been well established during these critical stages.
Source: Toutiao
