Tag: Digital Transformation

10 Reasons Why CLM Is Driving Manufacturing’s Digital Transformation

By . November 30th, 2018
Looking for new ways to grow revenue and escape commodity-like price wars, manufacturers are aggressively pursuing new business strategies. To keep growing in 2019 and beyond, every manufacturer needs to transition away from being 100% dependent on transaction revenue and start growing new busi ... Read more

Digitally Transforming Manufacturing Only Excels When Customers Win

By . November 19th, 2018
Manufacturers growing the fastest today approach digital transformation entirely differently than their slower-growing peers. A recent survey of 250 North American manufacturers by Configit found the following: Manufacturers growing 10% a year or more excel at orchestrating PLM, CAD, ERP, and ... Read more

How CLM Is Digitally Transforming Manufacturing

By . November 12th, 2018
Every business needs to keep growing by innovating or risk seeing their core markets shrink by 60% or more in three years due to rapid advances in digitization according to IDC.  Digital technologies are enabling entirely new ways of optimizing existing business strategies & models and grow ... Read more

Digitally Transforming Every Customer’s Experience To Excellence

By . October 16th, 2018
Recognizing that customers are co-creators in the creation of new products and want the freedom to define custom configurations at a competitive price, manufacturers are quickly adopting digital transformation. Defining and excelling at a digital transformation strategy needs to start with the ... Read more

10 Factors Driving Digital Transformation In Manufacturing

By . September 30th, 2018
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

Smart, Connected Products Need Digital Transformation To Succeed

By . September 21st, 2018
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

Creating New Digital Manufacturing Businesses To Drive More Growth

By . September 12th, 2018
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

Why Every Manufacturer Needs Digital Transformation To Grow

By . September 7th, 2018
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

How Digital Transformation Is Revolutionizing Manufacturing Today

By . September 6th, 2018
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