Digitization & automation are the future of factories.
When faced with slowing growth or declining profits, many industrial manufacturers are turning toward digitization to create new revenue streams and stay competitive in today’s technologically advanced market. Research shows industrial manufacturing companies are committing up to 5% of annual revenues - cumulatively $907B per year, according to one source - toward digitization in the form of embedded systems, factory automation, cloud connectivity and data monetization.
Nottingham Spirk’s experience helping manufacturing companies push themselves into adjacent or entirely new categories lends itself exceptionally well to the industrial world. If you are an industrial manufacturing leader, now is the time to consider how your product portfolio or business model could evolve in the future to best accommodate the changing market. Moving fast is more important than ever.