The digitalization of manufacturing has created a plethora of opportunities for technology companies to improve and advance their business in an increasingly demanding market. Looking at three technologies which rely on digitization- the Internet of Things (IoT), the Cloud and big data analytics- it is demonstrated how Best-in-Class companies use these technologies to optimize their operations, as well as how others can follow suit.
Key findings include:
Manufacturing challenges, from getting a product to market on time, to resolving customer issues, are the impetus for digital transformation via the IoT, the Cloud, and advanced analytics.
The Best-in-Class are 5 times more likely to have implemented superior discovery capabilities for operational intelligence.
The crossover to Cloud-based applications has begun.
Advanced analytics is a key digitalization technology having a huge impact on Best-in-Class manufacturers.
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