Digital-first enterprises deliver eight times more revenue growth and twice as much profit margin than their peers. It’s true in retail. It’s true in banking. And it’s true in manufacturing – the focus of this blog post.
My friend and former colleague, IDC analyst Frank Gens, shared those insights in Preparing for the Digital-First Economy: The Hyperscale, Hyperspeed, and Hyperconnected Enterprise, published as part of IDC Directions 2020. His report underscores the tremendous opportunity facing manufacturers that invest in digital technologies, including IoT.
