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The digital transformation has been underway for the past few decades, but in 2020, it made an unexpected quantum leap. According to McKinsey, the pandemic caused many companies to accelerate their digital growth by as much as five years ahead of schedule.
Mechanical Equipment Manufacturers (MEMs) aren’t known for utilizing technology to innovate, but that needs to change — and quickly. The incredible profit potential, not to mention the impact on resource management, should be enough to make digital transformation priority No. 1 for every company in the industry.
The “digital transformation” is an umbrella term covering any technology that digitalizes manufacturing and business processes. The end goal is to create Industry 4.0, which allows manufacturers to automate nearly every aspect of their operations. The digital transformation encompasses the Internet of Things (IoT), cloud computing, automation software, robotics, artificial intelligence, and even 5G networks.
Most importantly, the digital transformation is about integrating all of these separate technologies into one centralized system, minimizing the number of human touch points needed throughout an operation. Eventually, manufacturers will be able to achieve levels of productivity and efficiency that we can’t currently imagine.
Revalize offers a full suite of software that encompasses CAD, Product Lifecycle Management (PLM), select, Configure, Price, Quote processes (SCPQ), and beyond, to digitize your entire idea-to-cash journey.
Schedule a free demo with one of our specialists to experience the impact Revalize can have on your operations.
