Manufacturers are selectively implementing elements of the factory of the future. But only by holistically applying new design principles and digital technologies throughout the plant and value chain can companies truly realize their ambitions. The first manufacturers to transition to full-scale adoption will usher in a new era of industrial operations.
Leading companies are increasingly pursuing innovation strategies that complement internal development with external sourcing. Overcoming the not-invented-here mindset can strengthen a company’s advantage and accelerate time to market.