As more manufacturers invest in smart equipment and digital capabilities to maintain competitive advantage, digital twinning is gaining prominence in the industrial environment. In fact, it's one of the biggest technical trends: analysts predict that 85% of IoT-enabled platforms will feature digital twin functionality by 2022.
Consumer goods manufacturers are increasingly responsive to the need for direct connection with their end customers. By transforming their journey to market, industry leaders are able to own the relationship with their end customers.
According to recent research, nearly three-quarters of European industrial companies (72%) will increase their Industrial Internet of Things (IIoT) investment over the coming three years. And for good reason, more than four in five (86%) of them believe it will deliver a Return on Investment (ROI) within 36 months.
Increasingly, the word of auto manufacturing is a global affair. With essentially every developed nation offering vehicles from manufacturers in Europe, North America and Asia, consumer preferences have shifted dramatically from decades past.