Digital transformation and modern manufacturing are constantly evolving amid global uncertainty and changing customer needs. Many business leaders are recognizing the value of Industry 4.0 technologies and how they can revolutionize their operations. In fact, according to Gartner, 74% of manufacturers that believe smart manufacturing will increase competitiveness are redesigning their manufacturing organizations.
Smart factories are clearly growing in popularity, but business leaders need to be cautious of the pitfalls to avoid when starting their digital transformation journey. Proper awareness and preparation are required to ensure their organizations receive a return on investment for implementing these smart manufacturing technologies.