Digital transformation: The present and the future of manufacturing businesses

Digital transformation represents a quantum shift in the manufacturing industry for manufacturers of all sizes, both domestically and globally. The ways in which manufacturing organisations use information is rapidly changing, giving rise to new opportunities for business growth through operational improvements, automation,
and customisation of products and services to the needs of customers.

Data storage is becoming inexpensive and more flexible, while advanced analytics and artificial intelligence are enabling businesses to draw actionable insights. Over the next decade, technologies including cloud computing, internet of things (IoT), and advanced robotics will become increasingly connected by a common “digital thread”: The Enterprise Resource Planning (ERP) software system which links every phase of the product life cycle quoting and production to distribution, point of sale, and use.

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