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Data problems are stifling innovation and time to market

22 March 2024

Major challenges with data availability and quality are impeding the roll-out of advanced technology such as AI, automation, and digital twins in manufacturing, according to the findings of the ‘Advanced Manufacturing Report’ report from Hexagon.

Nearly 40% of manufacturers are automation laggards and risk being left behind their rivals who are prioritising data-driven productivity and automation, according to the global survey of more than 500 manufacturing leaders, conducted by Forrester Consulting and commissioned by Hexagon. The report found that 98% of manufacturers report at least one issue with data within their organisation. Leaders are considering real-time collaboration, AI and automation, but persistent data challenges stifle innovation and impede the roll-out of these advanced manufacturing technologies. 

Data woes contributed to 97% of manufacturers facing challenges in collaboration and productivity, which can impact their ability to innovate and delay responding to customers’ needs. The majority of business leaders realise that better collaboration can improve product quality (88%), time to market (86%), also improve sustainability – with 82% of respondents believing better communication between design and manufacturing teams can significantly reduce material waste and emissions. Despite this, almost three-quarters (71%) of business leaders are concerned about the lack of synergy between their design and manufacturing teams. 

With only 2% of manufacturers claiming to be problem-free with their data practices, a vast majority of companies risk missing their business goals if they fail to act now. Manufacturing business leaders cited improving operational efficiency, increasing manufacturing output and improving the quality of new products faster, as their top business priorities for the next three years – all of which could be impeded by not making the organisation-wide cultural and technical changes required to succeed with digitalisation. 

Find out more about the Advanced Manufacturing Report at: https://hexagon.com/advanced-manufacturing-report


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