The State of Digital Manufacturing 2024: Unlocking the Power of Digital Transformation
At Tacton, we are committed to understanding how manufacturers will navigate the path to a resilient future, strategically fortifying their operations. That’s why for the fourth consecutive year we have engaged with manufacturing professionals, conducting polls to capture a snapshot of their plans for 2024 and beyond.
We analyzed how the maturity of digital implementations impacts several areas of their business such as revenue generation, profitability & productivity. Our findings clearly indicate that manufacturers who are advanced in their digital transformation projects realize much more value than those who haven’t planned or are just starting out.
Key Insights:
Enhanced Profitability: 57% of firms with advanced digital implementations see improved profitability, compared to 38% of those just starting out.
Increased Sales: 48% of firms with enhanced digital implementations reported increased sales vs only 10% who have not yet begun.
Productivity Boost: 74% of manufacturers well into digital transformation report improved productivity, compared to just 53% of those at the initial stages.
Adoption of Technology Solutions: Advanced firms are more likely to use third-party software to improve their revenue generation such as CPQ (Configure, Price, Quote) software (52% vs. 23% of beginners)
Fill out the form to get the full report with the full story on where manufacturing is going in 2024