The State of Digital Manufacturing 2024: Unlocking the Power of Digital Transformation
Our CPQ partner Tacton analyzed how the maturity of digital implementations impacts business areas such as revenue generation, profitability & productivity. Their 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.
For the fourth consecutive year, Tacton has engaged with manufacturing professionals, conducting polls to capture a snapshot of their plans for 2024 and beyond. Here are some key insights:
- 57% of firms with advanced digital implementations see improved profitability, compared to 38% of those just starting out.
- 48% of firms with enhanced digital implementations reported increased sales vs only 10% who have not yet begun.
- 74% of manufacturers well into digital transformation report improved productivity, compared to just 53% of those at the initial stages.
- 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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