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Manufacturing lags
behind digitalization –
Canada
PAUL YOUNG CPA, CGA
MAY 30, 2017
Paul Young - Bio
• CPA, CGA
• Academia (PF1, FA4 and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Financial Solutions
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com
Preparing for Manufacturing’s Future with
Industry 4.0
Source - http://www.industryweek.com/technology/preparing-manufacturing-s-future-industry-40?NL=IW-07&sfvc4enews=42&cl=article_4&utm_rid=CPG03000001519274&utm_campaign=19588&utm_medium=email&elq2=e7084df86e4c4208baea7f4341a029a7
From a business perspective, Industry 4.0 supports four
major tenets of operational execution:
• Interoperability
• Information Transparency
• Actionable Insights
• Automation
Manufacturing Competitiveness
• https://www2.deloitte.com/us/en/pages/manufacturing/articles/global-manufacturing-
competitiveness-index.html?id=us:2el:3dc:gmci16:awa:pip:053016:blog3#
Quick Stats / Manufacturing
• Stats Canada
Canada Manufacturing Sales
• Stats Canada
Digitalization and Manufacturing
- Source - http://www.digitalistmag.com/digital-economy/2016/04/01/4-ways-
digitalization-is-transforming-manufacturing-04101356
• End consumers are more empowered
• Transparency is rewriting how OEMs work with suppliers
• Business models are growing more flexible
• Business processes are becoming more customer-centric
Canada Manufacturing and
Digitalization
Source - BDC
Canada Manufacturing and
Digitalization
Source - BDC
Summary
• http://www.canadianmanufacturing.com/manufacturing/canadian-manufacturing-
sector-falling-behind-in-digital-production-revolution-says-bdc-193876/
A new Business Development Bank of Canada (BDC) study released today finds that 39 per cent of
Canadian manufacturing businesses have started to implement digital projects.
The study also found that, while only three per cent of manufacturing SMEs have fully digitized their
production, 17 per cent of manufacturing SMEs are preparing to do so.
The impact of this revolution promises to be remarkable and Canadian manufacturers have a lot of
work to do to catch up. The BDC study draws its conclusions from a recent Canada-wide survey of
960 Canadian SME entrepreneurs.
“Our study clearly demonstrates that it pays to embrace the digital shift. The Canadian
businesses that have been early adopters of digital technologies have increased their
productivity, reduced their costs and improved the quality of their products,” says Pierre
Cléroux, chief economist and vice-president of research at BDC.
IT / IBM
• https://www.ibm.com/blogs/internet-of-things/pervasive-digital-manufacturing/
In every area of manufacturing – from product design to
aftermarket support – the application of IoT capabilities to both
imbue products with new functionality as well as report their
performance is changing the way that every line of business
associated with the product lifecycle perceives and performs their
responsibilities. As an example, Schaeffler is employing IBM
Watson IoT capabilities to transform every aspect of its business
from its supply chain, through to manufacturing, sales and after-
sales service.
Other sources
- What is Smart Factory -
https://www.slideshare.net/paulyoungcga/what-is-a-smart-
factory
- Continuous Accounting and Data Analytics -
https://www.slideshare.net/paulyoungcga/continuous-
accounting-and-data-analytics
- Struggles with Reporting cycle -
https://www.slideshare.net/paulyoungcga/companies-continue-
to-struggle-with-their-close-cycle

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Manufacturing lags behind Digitalization - Canada - June 2017

  • 1. Manufacturing lags behind digitalization – Canada PAUL YOUNG CPA, CGA MAY 30, 2017
  • 2. Paul Young - Bio • CPA, CGA • Academia (PF1, FA4 and MS2) • SME – Risk Management • SME – Close, Consolidate and Reporting • SME – Public Policy • SME – Financial Solutions • SME – Supply Chain Management Contact information: Paul_Young_CGA@Hotmail.com
  • 3. Preparing for Manufacturing’s Future with Industry 4.0 Source - http://www.industryweek.com/technology/preparing-manufacturing-s-future-industry-40?NL=IW-07&sfvc4enews=42&cl=article_4&utm_rid=CPG03000001519274&utm_campaign=19588&utm_medium=email&elq2=e7084df86e4c4208baea7f4341a029a7 From a business perspective, Industry 4.0 supports four major tenets of operational execution: • Interoperability • Information Transparency • Actionable Insights • Automation
  • 5. Quick Stats / Manufacturing • Stats Canada
  • 7. Digitalization and Manufacturing - Source - http://www.digitalistmag.com/digital-economy/2016/04/01/4-ways- digitalization-is-transforming-manufacturing-04101356 • End consumers are more empowered • Transparency is rewriting how OEMs work with suppliers • Business models are growing more flexible • Business processes are becoming more customer-centric
  • 10. Summary • http://www.canadianmanufacturing.com/manufacturing/canadian-manufacturing- sector-falling-behind-in-digital-production-revolution-says-bdc-193876/ A new Business Development Bank of Canada (BDC) study released today finds that 39 per cent of Canadian manufacturing businesses have started to implement digital projects. The study also found that, while only three per cent of manufacturing SMEs have fully digitized their production, 17 per cent of manufacturing SMEs are preparing to do so. The impact of this revolution promises to be remarkable and Canadian manufacturers have a lot of work to do to catch up. The BDC study draws its conclusions from a recent Canada-wide survey of 960 Canadian SME entrepreneurs. “Our study clearly demonstrates that it pays to embrace the digital shift. The Canadian businesses that have been early adopters of digital technologies have increased their productivity, reduced their costs and improved the quality of their products,” says Pierre Cléroux, chief economist and vice-president of research at BDC.
  • 11. IT / IBM • https://www.ibm.com/blogs/internet-of-things/pervasive-digital-manufacturing/ In every area of manufacturing – from product design to aftermarket support – the application of IoT capabilities to both imbue products with new functionality as well as report their performance is changing the way that every line of business associated with the product lifecycle perceives and performs their responsibilities. As an example, Schaeffler is employing IBM Watson IoT capabilities to transform every aspect of its business from its supply chain, through to manufacturing, sales and after- sales service.
  • 12. Other sources - What is Smart Factory - https://www.slideshare.net/paulyoungcga/what-is-a-smart- factory - Continuous Accounting and Data Analytics - https://www.slideshare.net/paulyoungcga/continuous- accounting-and-data-analytics - Struggles with Reporting cycle - https://www.slideshare.net/paulyoungcga/companies-continue- to-struggle-with-their-close-cycle