Data is key to digitization, but extracting insights remains challenging. Over 83% of firms experience challenges with using data to deliver insights across the organization.
Lack of data skills and IT/OT separation hinder firms’ digitization progress. Unavailability of qualified digital talent is slowing down the pace of digital transformation. This is a reality for 75% of IT and OT decision makers in our study.
Artificial intelligence (AI) and machine learning boost innovation. Digital twin initiatives attempt to combine new techniques from ML with established physics-based modeling and simulation
Thinking strategically about priorities. Most industrial firms have expanded their top priorities beyond just operational to also include strategic initiatives like becoming data-driven (88%).
PAUL MILLER: Paul is a Principal Analyst serving Infrastructure & Operations Professionals at Forrester. He focuses on digital manufacturing and the internet of things (IoT), with research that explores how new technologies challenge established organizations and their business models.