Most firms had to put their growth plans on hold last year to stay in business. Fremont, CA: More than 50 percent of American manufacturers have begun or want to start digital transformation programs to enhance their operational efficiency, according to recent research. The epidemic is predominantly propelling this trend. Most firms had to put their growth plans on hold last year to stay in business. While these worries persist, manufacturers are currently trying to strengthen their businesses. Even with the clear benefits of these initiatives, digital industrial transformation is fraught with difficulties. Today, let’s take a closer look at a number of the major problems that might result in project failure or lost opportunity. • The Cost of Initial Investments Big businesses frequently have the resources and capacity to adopt cutting-edge digital technologies. Small-to-medium manufacturers often need more resources to achieve such objectives. If there are no evident problems with the old systems, these firms may continue with them. If users find themselves in this predicament, having a solid action plan might help them proceed with assurance. Users may use this plan to prioritize what changes to make, when, and how to evaluate the project’s efficacy. Although the […]
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