Smart products are transitioning from a competitive advantage to a competitive necessity. Customers now expect products that integrate mechanical, electrical, and software components to deliver high levels of functionality, performance, and reliability.
As smart equipment becomes the norm, fighting commoditization, meeting evolving customer expectations, and leveraging smart machines in new ways will be key to decreasing costs and increasing revenue.
In a Tech-Clarity survey of 169 electronics and industrial manufacturing companies, top performers—who have gone beyond smart products to leverage digital, interactive connectivity—have, on average, increased revenue by 43% (nearly twice as much as others), while decreasing costs by about 11% more than others.
Discover how to leverage digital, interactive connectivity to differentiate your products, reduce the risk of commoditization, improve profitability, and increase long-term business sustainability. Get your complimentary copy of the eBook today!