Many factories are dragging their feet when it comes to incorporating digital technology. However, updated tech plays a crucial role in the fabrication industry. Data analytics and digital tools are essential to helping companies assess their digital maturity and identify which areas can be improved.
A proactive approach to developing relationships with digital partners can go a long way toward effective digital transformation. The right digital partners can provide remote and autonomous solutions via cloud technology, allowing companies to actively participate in innovation. According to the report linked just above, on average, only about 7% of industry production networks utilize Industry 4.0 technology in an advanced way. Even for the sector's"lighthouse" companies leading the charge, that number only increases to 20% . The biggest problems relate to how quickly the infrastructure evolves and how challenging it can be to scale these new solutions.
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