Only 9% of manufacturers are looking to invest in digital transformation projects over the next 12-18 months.
Research conducted by InfinityQS surveyed 118 global manufacturers with the aim of uncovering their digital maturity, existing digital infrastructure, and IT expectations over the next 18 months.
Despite a lack of interest in investment in digital transformation, 78% said they were planning to invest in data collection and process automation solutions to improve their shop floors.
Jason Chester, director of channel programmes at InfinityQS, said the survey results reflect an absence of understanding around the benefits of digitalisation projects.
“According to a [separate] survey by PwC, manufacturing companies who embrace the digitalisation drive can expect to reduce operational costs by 3.6% p.a. while increasing efficiency by 4.1%.
“Long term what would benefit manufacturers is to fully understand what digital transformation means, the benefits to their organisations, and to have a coherent roadmap for how to achieve it. This will allow manufacturers to identify where the big opportunities are to decrease costs (efficiency), increase value (quality) and reduce uncertainty (risk).”
In September, separate research by Cognition Agency similarly found manufacturers felt their marketing could be improved.
