Bain & Company, Bosch Connected Industry Combine Their Industry 4.0 Expertise to Blaze a New Trail for Digitalizing Operations
MUNICH, Sept. 24, 2018 (GLOBE NEWSWIRE) -- Management consulting firm Bain & Company and Bosch Connected Industry, an operating unit that combines software and services for Industry 4.0 under the name Nexeed, have entered into a partnership to bring their collective Industry 4.0 technology and management expertise to companies seeking to maximize the benefits of digital within their operations.
According to Bain & Company, a systematic approach based on a solid assessment of the company’s starting point and individual opportunities is essential. All too often, when companies embark on a digital transformation, they focus on business model changes while ignoring or underestimating the value of digitalization in operations – where the real short- and mid-term potential of digital transformation lies. Digitalization of operations constitutes an important source of internal financing and, if done correctly, can deliver a 15-20 percent increase in efficiency.
“Industrial companies are under growing pressure to maximize the efficiency and flexibility of manufacturing plants across all functions – from production to indirect and support processes,” said Jörg Gnamm, industry partner in Bain & Company’s Munich office. “However, most of these companies find it difficult to unlock the full potential of their digital transformation, due in large part to the lack of a structured approach that results in uncoordinated and isolated pockets of digitalization efforts.”
Together, Bain & Company and Bosch Connected Industry offer companies a more systematic and state-of-the-art approach to holistic digitalization across their operations – from innovation to process optimization and implementation support for technology solutions – to better identify areas of untapped value.
Bain & Company has considerable expertise managing all aspects of digital transformations. The firm embeds digital capabilities into all of its industry and functional practice areas, and augments its core consulting services with its in-house Advanced Digital and Product Team, which includes experts in human-centered design, prototyping, software engineering, digital marketing and advanced analytics.
Bosch Connected Industry bundles Industry 4.0 software and services from Bosch under the name Nexeed to help customers connect their entire value stream. The solutions simplify employees’ daily work and optimize production and logistics processes in terms of transparency, agility, costs, quality, and time. Together, Bain & Company and Bosch Connected Industry have compiled more than 150 use cases for digitalization. Customers benefit from the experience of more than 280 Bosch plants around the world.
“Our goal is to assist businesses and their employees along the path to achieving a transparent, efficient, and connected network of factories,” stated Dr.-Ing. Stefan Assmann, head of Bosch Connected Industry. “In doing so, we support our customers not only in deciding on the right approach and the right solutions, but throughout the entire transformation process. We believe our comprehensive experience in this area, combined with Bain & Company’s integrated digital approach, will help industrial and manufacturing companies reach their full digital potential faster.”
Bosch Connected Industry is a member of the Bain Alliance Ecosystem, which brings together best tools, technologies, and service providers that complement its services. Bain’s team deploys these partnerships to work faster and smarter, enabling the firm to focus on its mission – redefining the strategy consulting business, while incorporating cutting-edge innovations from other industries in its portfolio.
About Bain & Company Bain & Company is the management consulting firm that the world’s business leaders come to when they want results. Bain advises clients on strategy, operations, information technology, organization, private equity, digital transformation and strategy, and mergers and acquisition, developing practical insights that clients act on and transferring skills that make change stick. The firm aligns its incentives with clients by linking its fees to their results. Bain clients have outperformed the stock market 4 to 1. Founded in 1973, Bain has 56 offices in 36 countries, and its deep expertise and client roster cross every industry and economic sector. For more information visit: www.bain.com. Follow us on Twitter @BainAlerts.
Media Contact:Dan PinkneyBain & CompanyTel: +1 646 562 8102 email@example.com