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A 1.1
its adaptation
The list of new technologies grows every day. Robots, augmented reality,
algorithms, machine-to-machine communications, 3-D printing, and
autonomous vehicles help people with a range of different tasks. These
technologies are broad-based in their scope and significant in their ability to
transform existing businesses and personal lives. Technology is becoming much
more sophisticated and this is having a substantial impact on the workforce.
Case/scenario where Robots have replaced the workforce and discuss the challenges of Artificial
Intelligence and Robotics
Toyota, the Japanese industry giant, has recently invested, it’s clear the company
is preparing to remain relevant and competitive in the 4th industrial revolution as a
result of its investments and innovation in artificial intelligence, big data and
robots. With initial funding of $100 million, Toyota AI Ventures invests in tech
start-ups and entrepreneurs around the world that are committed to autonomous
mobility, data and robotics. Toyota’s investments help accelerate getting critical
new technologies to market. One of the organization’s investments is in May
Mobility, a company that is developing self-driving shuttles for college campuses
and other areas such as central business districts where low-speed applications
are warranted. This is just one of the services that could blaze a trail to fully
autonomous vehicles of the future. Additionally, Silicon-based Toyota AI
Ventures contributed funding as well as mentorship, incubation facilities and
validation to Nauto, a company that’s creating a shared data platform to
prevent accidents caused by distracted driving; SLAMcore, a visual tracking and
mapping algorithm developer for smart tech; Intuition Robotics, an
organization that creates social companion technologies that are accessible
and intuitive for seniors; Boxbot, a company that’s building self-driving delivery
robots; and more. Like many disruptors, Toyota AI Ventures seeks out other
innovators to tackle important challenges to propel the latest technologies.
Innovation has always been omnipresent at Toyota from its earliest days and
it’s clear the company is continuing that innovative tradition. While Toyota was
originally a company that produced wooden hand looms, the majority of
people know the company for its automobile division.
1. Business needs like the need to cut down on inventory costs, improve on
order management and establish a transparent pricing policy for the sake of
clients and employees
2. Technical issues like the need for one system that will handle the entire
business process and replace multiple systems that have proven ineffective at
the job.
With an ERP, a company can store its information and automate all its
functional domains. This, however, does not mean that all ERP
implementations are successful.
According to statistics more than half of all launched ERP projects fail. This is a
concerning 60 % of failures in all tested implementations. The fact that failure
is relative could however make things look better. A good example of a
number of criteria options that could define failure include:
This will happen when the client does not find the functionalities needed in the
system. This could lead to re-engineering or change of the system as a whole.
Regardless of the solution taken, this will lead to an increase in cost, drop in
quality and increased time to delivery. To avoid this, developers ought to
investigate all the requirements adequately before implementing the solution.
Using prototyping tools like use-cases and JAD would reduce on errors (Ghosh,
2012).
Even though the management is the one that solicits for the ERP management,
there are instances where their lack of dedication leads to the project's failure.
In most cases, the managers are not aware of the project's scope hence they
do not know how much they are subscribing to without enough commitment,
the ERP is definitely bound to fail. In most cases, the top-level managers will
delegate responsibilities to the low-level managers. Even though this is a
management strategy, it will more often than not slow down the
implementation process. The most success will only be realized if a top-level
manager willing to commit to its success (Ghosh, 2012) spearheads the project.
Insufficient Training
Every ERP user must be adequately trained before rolling out the system. They
need to be aware of its capabilities and understand how to leverage these
powers to make their work easier. This will ensure that each employee
understands his or her responsibility in working well and delivering in a timely
manner since the ERP focuses on the success of each individual for everything
to run efficiently (Ghosh, 2012).
In the modern day market, finding an ERP package in the market is not hard.
You could either purchase a complete system of the shelf or buy packages to
constitute your own system. Even though this is cheaper, you stand at risk of
choosing a package that does not meet all your needs as a company. This could
be due to lack of technical information or a mere misunderstanding of your
requirements (Ghosh, 2012).
Underestimations
This applies to the time and effort needed to bring the project to completion. If
the estimated completion date is passed, the business might have to incur an
extra cost or perhaps loose on productivity and customer trust since things will
not be going as planned. It is better to do an overestimation than an
underestimation (Ghosh, 2012).
Incompatibility
An ERP that does not fit to your current business process is worthless. It will
either force the company to change its way of operation or cause gaps that
could lead to poor synchrony in tasks and work processes. This results from
assumptions and a poor understanding of the business ' core operations
(Ghosh, 2012).
Companies Succeeding in Implementing ERPs
Alcoa
Lesson Learnt
How to do it better
Despite the fact the ERP implementation at Alcoa has been characterized by
notable success, the company should have accelerated its implementation
process to ensure that the duration taken to get the returns was minimized.
Warning Signs
For Alcoa, the correct use of ERP has allowed it to manage its platforms such
that any possible warnings relating to failures have been covered up