A recent research study of more than 200 manufacturing executives conducted by London-based Longitude Research, on behalf of Siemens, has been released, revealing two distinct categories for U.S. manufacturers along the path to adopting digitalization – “the efficiency experts” and the “revenue re-inventors.” As part of the study, manufacturers are able compare their own digitalization status among their industry peers through a benchmark online survey.
The study evaluates manufacturers’ digital capabilities across core dimensions using their relative progress to provide an overall score. Capabilities measured included data intensity, connectivity, adaptability, integration, security and people. As part of the project, a comprehensive set of soon-to-be-released mini-reports were developed based upon several key sectors, including aerospace, automotive, chemicals, food and beverage and energy.
Some key highlights:
- The top five digital technologies implemented by manufacturers include cloud computing at 85%, connected sensors in plants at 65%, connected sensors in products at 59%, 3D printing at 39% and advanced data analytics tools at 34%.
- 76% of efficiency experts and 98% of revenue re-inventors stated that they use predictive analytics to forecast performance of production equipment or processes in most or all parts of their organization.
- Only one-fifth of the respondents stated that they analyze more than 60% of the production data they collect, meaning a significant amount of data goes unanalyzed.
- 38% admit that the analysis gap of production data is three days or greater.