Manufacturers are feeling the pressure to keep up with the rapid pace of digital transformation, but many are still struggling to make the shift, according to a new survey of 600 manufacturing executives from Epicor Software Corp. The survey found that only 44% of manufacturers are spending more on new digital technologies, while 49% will keep paying the same amount as the prior year.

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The survey also revealed that only 13% of companies are fully digitized, while nearly 60% still use a mix of ecommerce, electronic business software and paper and manual procedures to conduct business. 31% of companies are still using all paper.

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The survey also found that 41% of companies are gathering and analyzing data company-wide to gain insight into operations, while 36% are using robots and AI to automate manufacturing and 32% are using AR to better see, understand and track data to improve manufacturing efficiency and productivity.

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The survey also found that those companies who describe themselves as “very modern” are more likely to embrace new technology, while those who say their company is not very modern are more likely to be hesitant to embrace technology.

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Epicor Software Corp. (2021). “It’s Still a Paper World for Many Digitally Minded Manufact
Sources: https://www.digitalcommerce360.com/2023/05/12/its-still-a-paper-world-for-many-digitally-minded-manufacturers/