INNOVATIVE MANAGEMENT TOOLS FOR INDUSTRIAL ENTERPRISES

Abstract

The industrial sector is on the cusp of a technological renaissance, with production and service delivery undergoing profound transformation. The catalyst for this change is the use of effective management tools, which are critical to any forward-thinking business that intends to not only survive but thrive. These tools include synthesis data analytics, machine learning and sophisticated software systems that together provide the digital foundation of a modern industrial concern. This article attempts to offer an expanded interpretation of these tools, their capabilities and the benefits they provide. In doing so, he explains the complexity of technological leaps forward and builds mutual understanding between the nonprofessional and the expert. The goal is to embolden leaders and decision makers, regardless of their technical expertise, to leverage these advances for their success.