The State of Digital Manufacturing 2024: Unlocking the Power of Digital Transformation

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) 

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