Digitisation is the key to navigating economic uncertainty – edie

For many companies, taking the first steps on a digital transformation journey can be a daunting prospect. Overwhelmed by large upfront costs, complex implementation and a demand for new skills and talent, some choose to stick with what they know. And in tough economic times, this challenge can seem even more unachievable. However, the benefits of digitisation are unrivalled for companies of any size. In fact, investing in digital capabilities could add £33bn to the UK’s national output and boost growth by 2.8% by 2030. These capabilities range from driving intelligent operations and high-performance processes to rapid innovation, optimising physical assets, and reducing emissions. The ability to make more with less and increase energy efficiency is becoming more important for industrial players, thus digital transformation is becoming a critical success factor in many industries. However, 69% of industrial manufacturers say they are in the early, definition, or pilot stage of transformation initiatives or are stuck in the pilot phase without clear results. The key to digitisation success and excelling across these capabilities is data. By working with a trusted partner and investing in the assessment of existing systems in place, businesses can unlock the power of their data and […]

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