A hand holding a looking glass by a lake A hand holding a looking glass by a lake Crowdsource Innovation Get involved with our crowdsourced digital platform to deliver impact at scale This article is part of: Centre for Advanced Manufacturing and Supply Chains Over the past decade, most industries have harnessed digital technologies to transform and enhance efficiency and productivity. However, its penetration in the manufacturing sector, particularly in brownfield manufacturing, remains limited. Its potential impact across business lines, as well as on social and environmental levels, is immense. Studies have found that over 80% of companies around the world have launched digital transformation initiatives. While other industries are undergoing rapid digital transformation, the implementation of digital interventions in the manufacturing sector has had less momentum. In fact, McKinsey & Company reports that only 30% of manufacturing companies have effectively realized value at scale through Industry 4.0 practices across all their plants. The adoption rate is even lower for brownfield manufacturing – plants which rely on existing facilities or legacy infrastructure. This is especially the case in the Asia Pacific region. Digital penetration in brownfield manufacturing remains low due to several factors: Digital interventions are costly. The significant […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
