In the race for digital transformation, industries are investing more and more in new technologies, such as Big Data, Artificial Intelligence (AI), or the Internet of Things (IoT).
Their main objectives are, among others, to increase productivity, reduce manufacturing and logistics costs and strengthen traceability. In fact, Fortune Business Insights stated that “The global big data in manufacturing industry size stood at USD 3.22 billion in 2018 and is projected to reach USD 9.11 billion by 2026, exhibiting a CAGR of 14.0% during the forecast period.”
However, manufacturing industries are still struggling to put in place a data-driven strategy, facing challenges such as the difficulty to recover investments and drive innovation at a large scale, in order to respond to the changes in business models, or decrease customer churn rates.
Demand is no longer based on the acquisition of new goods but rather on the mobility services made available to them. Thus, in order to remain competitive and meet the expectations of their users' new behaviors, automotive market players must diversify. For many of them, data is key.
To face those kinds of challenges and changes, digital transformation has been on the table for any manufacturer executive committee and as a consequence, becoming data-driven is a matter of survival.
This white paper discusses the importance of data as well as the opportunities it offers to manufacturing industries. Throughout its pages, you will discover how to unlock data access.
Read more by downloading our White Paper!