Environmental Scan 2017 | Page 47

Environmental Scan 2017: Human Capital Issues within the Medical Devices Sector examine their current processes, systems, and structures and place themselves in one of six possible bands. It should be noted that, while all dimensions should be taken into account, the relative importance of each one will vary depending on the company’s needs and the industry it is operating in. 3. Architect a comprehensive transformation roadmap. The Index acts as a checklist to ensure that all the building blocks, pillars, and dimensions are formally considered. It also serves as a step-by-step improvement guide, with the six bands within each dimension delineating the intermediate steps needed to progress to higher bands. This helps companies to identify high-impact initiatives and to structure robust implementation roadmaps with clearly defined phases, targets, and timelines. 4. Deliver and sustain transformation initiatives. Once a company has developed its transformation roadmap, the Index also serves as a live blueprint that the company can use to measure and refine its Industry 4.0 initiatives over a multi-year period. (Source: EDB website, TÜV SÜD website) 47