Short Facts - February 2021


Pandemic forces upheaval
Covid-19 is a strong incentive for manufacturing companies to switch to smart manufacturing. This includes remote and experience-based solutions as well as optimized operations, cost structures and business models, according to the Information Services Group (ISG). Some manufacturers have reacted quickly to the outbreak of the pandemic with one-off cost-cutting measures. However, a more sustainable approach is to view digital initiatives as investments in which the innovations finance themselves from cost optimization and only require limited additional expenditure. This approach promotes the further development of digital technologies.