Photo courtesy of Getty Images. New research from IFS , provider of enterprise cloud and industrial AI software, reveals that manufacturers know digital transformation is essential, but they are falling behind due to “option paralysis” and are unable to capitalize on advancements in their industry. The study surveyed 815 global manufacturing leaders and found that while they all admit their businesses cannot survive without the right technology, fewer than 10% qualify as digital leaders. Nearly two-thirds (65%) of respondents labeled themselves as “laggards,” falling dangerously behind and stalled at the early stages of digital transformation with no firm plans in place. The IFS research sounds an alarm: 82% of manufacturers say their business won’t survive more than one to three years without a stronger commitment to technology. Market turbulence, supply chain disruptions and the impact of climate change make digital transformation a necessity for survival. By contrast, digital leaders are confident they can weather future storms with over a quarter (28%) believing they can last up to five years without new investments. And while 39% are developing ESG initiatives, most manufacturers (71%) lack a credible ESG strategy, even though 28% identify climate change as a top concern. When asked […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
