Instead of digitizing processes quickly, many companies in the manufacturing industry are standing still — and thus are in danger of falling further behind. Credit: Gorodenkoff / Shutterstock A large portion of the manufacturing industry is in danger of falling beyond, not because they don’t recognized the need for digital transformation, but because they lack concrete strategies for implementation. As a global survey by IFS of more than 800 manufacturing executives, 82% of manufacturers believe their company will not survive for more than one to three years if it does not become more involved with information technology. In contrast, digital leaders are confident that they can master future challenges, with more than quarter (28%) believing they can get by for up to five years without new investments. Although all respondents recognized the use of digital technology as vital for their company, only 10% describe themselves as digital pioneers. In contrast, 65% of respondents see themselves as lagging behind in terms of digitalization, either dangerously far behind, stuck in the early stages of digital transformation, or having not made a concrete plan for the next steps. Digital roadblocks The urgency seems clear — market turbulence, supply chain disruptions, and the […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
