Survey: Lack of budget considered main barrier to digital adoption
Having the right technology in place to capture data is becoming critical.
InfinityQS International, Inc., Fairfax, Va., released results from its latest manufacturing industry survey, revealing that 64% of global manufacturers find a lack of available budget as the main barrier preventing them from greater IT investment. Further, 59% cite lack of available resources and 47% claim other business priorities as additional factors holding them back from their digital ambitions.
The survey obtained responses from 118 global manufacturers with questions aimed at understanding their level of digital maturity, existing digital infrastructure and IT expectations over the next 18 months. Despite nearly half (47%) of the respondents expecting to invest in data collection technologies, the lack of budget, resources and time are standing in the way of plans for digital transformation.