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According to a recent survey of manufacturing industry leaders, 91% increased investments in digital transformation with 77% of those investments being cited as significant or dramatic. Executives recognize that technological advancement is necessary to remain competitive in today’s ever-changing and frequently-disrupted landscape.
Manufacturers that accomplish digital transformation see vast improvements in manufacturing quality, transparency, and visibility into the production process, and faster development cycles. Data is the lifeblood of digital transformation. The manufacturing leaders of tomorrow will be those who find holistic approaches to data transformation that achieve the highest data ROI.
The global pandemic brought on many challenges for manufacturers. The same industry survey indicates that as a result, 68% of manufacturing industry leaders see improving supply chain resilience and agility as their number one business priority. Within this goal, 54% aim to increase the speed of product innovation. Another 40% said that reducing their carbon footprint by investing in sustainable manufacturing processes is a priority. A separate academic study found that the main organizational drivers for digital transformation in manufacturing are:
Despite the major business, human, and environmental benefits unlocked through digital transformation, many manufacturers still have concerns. In fact, 94% of manufacturing industry leaders reported having concerns about their supply chain that hampers innovation. The following concerns were the most cited by executives:
Additionally, limited talent supply, rigid internal structures, and significant employee time investment have slowed or stalled digital transformation of manufacturer supply chains. In order for manufacturing organizations to innovate and remain competitive, these legitimate concerns and obstacles must be addressed. A solution is needed that can unlock and enable the benefits of digital transformation, while simultaneously answering the needs and concerns of the business. The good news: this solution already exists.
A data operating system, like Modern’s DataOS, is an out of the box data ecosystem — and the key to unlocking digital transformation. Features of a data operating system address both the drivers and challenges for digital transformation, such as:
All of this is available out of the box with DataOS from The Modern Data Company. Learn more here. Or schedule a demo
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