Autor: Christian Rabitsch

The volatile world urges companies to react more agile to fast changes. Monitoring is a major building block for corporate agility. A lack of understanding of causal interrelations between a multitude of volatility drivers demands a new monitoring approach. Big data is presented as an adequate tool and its agility support is discussed from a data and analytics point of view. Conclusively, guidelines for developing a monitoring system are discussed.

Increasing market volatility and uncertainty require manufacturing companies to adapt their operations model to a substantially changing environment. The orientation towards agility can be seen as a key to success in such a situation. To achieve agility for an organization it is necessary to address four distinct dimensions of agility. A company oriented towards lean production tries to optimize one variable at a time. However, to become agile it is required to address two variables simultaneously. This article outlines current challenges for industrial organizations and points out possible solutions.