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According to a survey conducted by Syntec Numérique, the French Professional Association of the Digital Ecosystem, only 38% of industrial companies embarked on a digital transformation initiative in September 2016.
Aware of the stakes involved in investing in this sector, this year companies have placed digitalization at the heart of their concerns. To such an extent that it has become the number one priority for IT departments in 2017.
Read also: Digital transformation: start by digitalizing data!
The benefits of a successful digital transformation for a company can indeed amount to a whole lot:
According to Gartner advisory firm, technological and strategic expectations for 2018 revolve around 3 major trends:
To know more: E-book: Inter-company collaboration as a lever for digital transformation
Within this context, it becomes very difficult to ignore technological advancements and to reject the digitalization process because you risk losing your competitive edge. It is even more difficult given the benefits you will reap from this technology in terms of profitability.
The next step for companies in line with the times: invest in inter-company collaboration solutions. In fact, according to a study from Stanford University, collaborative companies are 5% more profitable and 6% more productive than other companies.
Furthermore, according to Equinox, more than one third of companies that deploy an interconnection strategy generate over 10 million dollars in additional revenue (58%) and in savings (42%) with quick return on investment within on average 4,2 months.
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Warehousing supply chain integration is key to efficient operations. Learn how advanced solutions like WMS and TMS address challenges and improve performance, along with strategies for building resilience and meeting shifting customer demands.
Learn how supply chain management can be optimized using SaaS solutions and planning software. This article explores key strategies for improving forecasting, enhancing inventory management, and optimizing operational efficiency to achieve supply chain excellence.
Work with our team to build your ideal supply chain software stack and tailor it to your unique business needs.