A recent survey of global manufacturing companies found that 25 % of them say they have invested in artificial intelligence and cognitive computing technologies as well as in 3D printing and additive manufacturing technologies.
This survey, conducted by auditing firm KPMG, reported that another 39% of manufacturing executives polled, said that over the next two years, they plan to devote a significant amount of R&D resources towards robotic technologies. Considering the competitive landscape that today’s manufacturing companies are faced with, it’s no surprise that many of them are migrating to cloud-computing technologies, as they grapple with tight profits margins and the confluence of emerging new technologies.
And, according to Doug Gates, KPMG’s Global Chair of Industrial Manufacturing; “Manufacturers recognize a failure to evolve will leave their organization in a non-competitive position.” When you consider the upheaval that many of these companies went through after the 2008 recession, it’s no wonder many of them are adopting advanced technology.
Another part of KPMG’s Doug Gates, analysis states, in part, “The need to become more digital has never been greater and investments in new technologies are a way to enhance agility, flexibility and speed to market when launching new products and services-critical elements for manufacturing companies to win in the marketplace.”
If your manufacturing company is still deciding whether to deploy a cloud-based workforce management solution and/or other advanced technology, it’s never too late. To reach an ATS account executive by phone call, 866.294.2467 and to download a demonstration of our manufacturing workforce management solution, go to our website.
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