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Technology in the manufacturing industry
Technology ideas to drive innovation and improve efficiency in manufacturing
Technology will continue to play a key role in business strategic planning. Companies are often focused on simply maintaining operational and information technology capabilities instead of harnessing technology resources to drive innovation or transformational change. By driving innovation and market responsiveness, technology can help companies differentiate themselves to attract and retain customers. And technology can continue to improve the efficiency of the production process to maintain or grow margins.
Suppliers and OEMs seeking new revenue streams using consumer data need to carefully navigate evolving privacy laws, consumer sensitivity.
When investing in digital transformation, it’s crucial for companies to first think about the strategic problem they’re trying to solve.
Disruptions in the industry hold significant potential for growth, particularly monetization of data generated by vehicle usage.
Implementing applications and systems has never been more affordable, but success is based on aligning people, processes and technologies.
To take advantage of all the efficiencies and opportunities that IT offers, budgets need to increase—or priorities need to shift.
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