2018 Digital Transformation Survey Report: Creating Products and Services in a Digital World

Digital Product Lifecycle Management (PLM) solutions are fueling innovative manufacturing processes in today’s connected world. The digital transformation survey of global executives revealed that by transforming PLM, integrating the Internet of Things (IoT) into products, and leveraging the cloud:

  • 80% are now able to deliver new value for smart, connected products throughout their lifecycle.
  • 60% have created new business models based on real-time product usage and performance analytics.

Moreover, by adopting a digital model, respondents have been able to:

  • Improve operational efficiency.
  • Get to market faster.
  • Meet changing customer expectations.
  • Improve product quality, increase design re-use, and improve new product throughput.

Interestingly, 31% feel IoT is only “moderately important” for their organization’s products and services. The lingering concerns over IoT are very similar to the perceived barriers preventing companies from moving to the cloud.

Download the report for insights into these trends and how to address concerns.