I joined OpenText in February this year and the timing could not have been better. The company was only a few months away from launching the biggest release of our EIM (Enterprise Information Management) solution. And does time fly! OpenText Release 16 for Suite 16 and Cloud 16 is now available.
But what is EIM? In my own words EIM provides data and process management that improves customers’ experience and performance through centralizing information, “one single version of the truth”. EIM possesses powerful transmittal and transactional mechanisms that allow data exchange in efficient, secure and compliant ways.
EIM allows a company to harness data to provide valued information for consumers of the data, who by using embedded Analytics can gather insight and support better decision making resulting in better business outcomes. You can find a more formal description here.
Research by the likes of Capgemini shows us that every industry is experiencing massive disruption through digitization and the research shows us that organisations that have a plan for information management, and who then execute against that strategy can out-perform their contemporaries and competitors by up to 26%.
With my background in Engineering and Manufacturing I am particularly interested in the benefits EIM provides to help manufacturing companies digitally transform, and you can browse examples including Michelin, KUKA and more who have started that journey here.
Manufacturing is living in exciting times, in an age that is being described as the 4th Industrial Revolution; the Industrial Internet of Things (IIoT). Data is everywhere; being generated across the internet and by technologies which themselves have been described as transformational or disruptive. Examples such as 3D printing, cloud, drones and wearables collected data is transforming manufacturing. Many of these technologies are not new, however, when used in conjunction with each other and connected to the internet (IoT) new possibilities are being realized.
Digital transformation of Manufacturing will be an ongoing discussion in my blog posts and will be a topic of my presentation at our customer conference Enterprise World in July, in the dedicated manufacturing track. See here for further information on Enterprise World.
For more discussion on the future of information check out CEO Mark Barrenechea’s blog.