Digital transformation in manufacturing refers to the integration of digital technologies into manufacturing facilities and processes to improve operational efficiency, increase productivity, and drive innovation. It involves the use of advanced technologies like the Internet of Things (IoT), artificial intelligence (AI), robotics, and data analytics to optimize the manufacturing process from design to delivery. For plant management and frontline workers, digital transformation provides the visibility and work instructions required to perform their jobs correctly, safely and efficiently.
Digital transformation is driven by the need for manufacturers to remain competitive in a rapidly changing marketplace. By leveraging digital technologies, companies can reduce costs, increase agility, and improve productivity.
Our 2023 survey data highlights some interesting findings:
Only 39% of respondents said their company had a well-defined transformation strategy
Just 7% of respondents said their transformations were going better than expected and 16% said their companies were stuck and not making progress
30% claimed their companies are increasing their spend on digital transformation
66% feel their companies are lagging behind competitors
Clearly, respondents to this survey feel an urgency to digitalize their operations but don't think their companies have made enough progress yet. However, they remain optimistic:
48% expect digital transformation will bring significant cost savings to their operations
39% expect digitalization will lead to improved quality
32% believe it will create a happier, more engaged workforce
The full Digital Transformation in Manufacturing report is packed with 20+ pages of statistics, charts, and practical findings that will help you understand your company's challenges and the solutions digital transformation offers.