Manufacturers are predicted to rapidly increase spending on digital transformation of their operations from $152B in 2017 to $479B in 2023, attaining a 21% Compound Annual Growth Rate (CAGR) according to Statista.
Digitally transforming factories are revolutionizing manufacturing by enabling a ... Read more
Closing the gaps that exist between customers’ changing needs for configure-to-order products and manufacturers’ ability to deliver them is where the Industrial Internet of Things’ (IIoT) greatest opportunities for growth are today. Manufacturers are transitioning from product-driven revenue to ... Read more
This week’s news that Tesla is reducing exterior color options to speed up production is unfortunate for those waiting on their car, but it’s not shocking.
Elon Musk has often been compared to Henry Ford, and it seems he’s taking Ford’s most famous quote to heart: “Any customer can have a car p ... Read more
Bottom Line: IoT lessons learned on the shop floor transfer to new product development and are fueling the next generation of smart, connected products. Capgemini predicts by 2020 47% of all products will be IoT-enabled, capable of supporting new product-as-a-service business models.
Accordin ... Read more
As configuration experts we love SAP. That is why we are a SAP partner. With its plethora of modules SAP can help overcome numerous challenges a business faces. One such module is SAP VC
The SAP VC module enables users to create configuration logic for their products. This is achieved by creati ... Read more
Discrete Manufacturing, Transportation and Logistics, and Utilities will lead all industries in IoT spending by 2020, averaging $40B each.
Bain predicts B2B IoT segments will generate more than $300B annually by 2020, including approximately $85B in the industrial sector alone.
The Internet of ... Read more
85% of manufacturing executives understand the criticality and support digital transformation initiative sand development in their companies according to a recent study from Jabil.
18% expect digital transformation to accelerate faster than predicted across manufacturing due to the many custome ... Read more
