With digitalization, manufacturers can achieve ROI in two ways: By reducing costs or by increasing revenue. According to, “Manufacturing's next big act: Building an industrial digital ecosystem,” nearly two-thirds of manufacturers expect digital manufacturing technologies, such as increased use of sensors, to help reduce overhead by at least 11%. A very optimistic 23% even hope to see cost savings of more than 30%. Most are basing their projections on the efficiencies gained from automation. In addition, more than half expect to see revenues gains of at least 11% (with 18% expecting revenues to rise more than 30%) over the next 5 years.
Download this paper to read more about these 10 ways manufacturers can realize ROI from their digitalization efforts:
- Increasing automation
- Becoming more proactive
- Understanding asset lifecycles
- Modifying resource allocation
- Controlling inventory investment
- Maximizing in-plant generated data
- Using data beyond the plant walls
- Monetizing data
- Selling upgrades
- Selling aftermarket services
And, as always, ICCG can help. Schedule a complimentary consultation to review your questions.