As more manufacturing firms invest in smart technology and integrate Industry 4.0, it becomes increasingly important for you to do the same. By connecting technology, you automate processes and reduce expenditure.
By facilitating transformations of sales, marketing and service, you see benefits in acquisition, growth and retention of customers. It’s important to acknowledge their changing behaviour, which has resulted in expectations for a more personable experience. And, you can meet these requirements by converting to a direct-to-consumer approach, rather than serving exclusively through suppliers and channels.
Prices throughout the UK, Europe and the wider world continue to increase, leaving small to medium businesses in situations where they must cut costs whenever possible. A Made Smarter study found 35% of SMEs in the North East of England are solely focused on survival, with 80% willing to take calculated risks with clear benefits. The post-Brexit, post-pandemic economy has left companies in dire situations where change of process is essential to ensuring their futures - and smart technology is key.
Almost a third (29%) of SMEs surveyed stated productivity, efficiency, and output as a key focus in their operations from 2022. Manufacturers don’t want to delay, or get stuck behind - and the best way to do so is by changing digitally. Here are 25 stats to consider when embracing digital transformation, courtesy of The Guardian, BDO and Microsoft.
Ready to digitalise your business, but unsure where to begin? Start by downloading your free guide, 'Front Office Digital Transformation: A Guide for Manufacturers', now.
Ready to transform your industrial business? Take the first steps to digital transformation by downloading your free guide, 'Front Office Digital Transformation: A Guide for Manufacturers', now.
The manufacturing industry is undergoing a significant digital transformation that is reshaping the way business is conducted. The statistics highlighted in this blog show the increasing adoption of digital technologies by manufacturers to drive innovation, enhance operational efficiency, and improve customer experiences.
From the rise of Industry 4.0 technologies to the growth of the Industrial Internet of Things (IIoT), it is clear that manufacturers who embrace digital transformation will be better positioned to succeed in today's fast-paced and competitive landscape. As such, it is imperative for manufacturers to stay ahead of the latest trends and innovations in digital transformation and leverage them to drive growth and profitability in their operations. By doing so, manufacturers can position themselves for success in the years to come.