The digital landscape has been consistently changing for well over a decade and for manufacturers, it has been evolving at an increasingly rapid pace. According to Gartner, 91% of organisations are engaged in some form of digital initiative, yet only 40% having brought these initiatives to scale.
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The manufacturing sector is continuing to overcome the many challenges presented to it in the wake of coronavirus by accelerating cloud-enabled digital transformation projects. This is subsequently ushering in the new era of smart and sustainable manufacturing at a pace faster than was predicted prior to the pandemic.
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The current pandemic is forcing the manufacturing sector to re-evaluate traditional production processes. The combination of supply chain disruption, shortage of materials, dependence on globalised production, and a national workforce with restricted movements, is not only affecting the industry, but the wider economy. While many have struggled to adapt within the current environment, there are those taking this opportunity to transform.
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A decline in business optimism caused by economic uncertainty and Brexit confusion is holding back manufacturers from investing in technology improvements, and this could seriously impact future growth across the sector.
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New research by InfinityQS, has revealed that 64 percent of global manufacturers claim a lack of available budget is the main barrier preventing them from further IT adoption. This was closely followed by 59 percent citing a lack of available resources and 47 percent claiming other business priorities as the main factors holding them back from additional investment in digital transformation.
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The manufacturing sector needs to make better use of the valuable data that often sits unused within their production environments. This is according to Jason Chester, Director of Channel Programmes at InfinityQS, who outlines how the channel can play a crucial role in helping organisations better integrate ‘information technology’, into shop-floor, within manufacturing plants.
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