Why do i do with the competitors?

Published by Jeannie R. Ferrell

Dec 8, 2022

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This post is to answer FAQ regarding CW2:Q1. Do I have to take the same company from CW1?
A1. NO, you are free to select another one as long as you can meet the brief requirementsQ2. Do I have to “invent” a new technology?
A2. No, you should search the market and the competitors and try to learn what technology fits your company’s context.Q3. Why do I do with the competitors?
A3. Just learn from their experience facing similar challenges in order to make the best decision on the best fit technology. You do not have to follow what they exactly use as your company’s business model and context could be differentQ4. Is there any word limit for each section?
A4. No, every company is different so you might need to talk more about certain sections comparing to the others, you judge it!Q5. Is there any structure to follow, sample, or template?A5. NO, however, if you go through the brief the suggested structure would be:a. Cover page, table of content, table of figuresb. Executive Summary (not included in the word limit), this should be a short story of the reportThe body:Introduction to the company/background; this includes the company’s strategic and operational goals (long and short term goals). Then this should also address max of 5 key challenges.the market/competitors: this should address what other companies in the market are doing in order to face the same challenges (3 competitors from the same field is enough)Industry 4.0 technology discussion: this section should properly explain the criteria you followed to select the technology and how this technology will help the company overcomes at least ONE challenge (link this discussion to the above addressed strategic and operational goals). This section also should include: a discussion on the following:
Specific features of the technology (not too technical), the users of the technology, infrastructure requirements. and cost benefits analysis of the proposed technology. I recommend you break this section into few sub-sections highlighting each element seperatelyRecommendations/conclusion

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