Will Digital Transformation Really Add Value To A Manufacturing Business?

By Kristen Weygandt, IFS

Industrial manufacturers have been using new technologies for years now, so will digital transformation really add value to a manufacturing business?

The use of new digital technologies in the industrial manufacturing industry is not new. In fact, manufacturers have been users of digital technologies for years. However, the term “digital transformation” is relatively new to the industry.

In a recent survey, it was found that only 25% of companies actually understood what digital transformation was even though 88% of these companies said they were undergoing some form of digital transformation. While this study shows that industrial manufacturers are aware of the term, it also shows that most do not realize the true value it holds for their businesses – and the value is immense.