Manufacturing/Automotive Industry Findings
The Harvey Nash/KPMG CIO Survey is the largest IT leadership study in the world, with almost 4,000 respondents across 84 countries, representing over US$300bn of IT budget spend.
This Manufacturing/Automotive industry snapshot provides survey responses from more than 350 IT leaders on some of the key topics, and highlights several areas where this industry’s responses differed significantly from those across all industries.
The key topics include digital strategy, budget and priotities, customer capabilities and Technology and Innovation. Explore the full findings in this Manufacturing/Automotive key sector report.
Compared to other industries, industrial manufacturing (IM) and automotive companies have been slow to adopt an advanced digital strategy. This comes as no surprise, as these industries have traditionally focused on optimizing their supply chain and manufacturing operations through robotic automation.
As IM/automotive companies look to continue to transform their operations, earlier adopters of these new digital technologies will likely have a competitive advantage. This is especially true for companies that look to take advantage of all the sensor technologies that are now available for products and production facilities. Several of KPMG member firms' clients are already starting to experiment with harvesting data from IoT sensors in products and factory equipment to deliver new insights to optimize their business.
It is very interesting that only a third of CIOs in the IM and automobile industry think that their IT organizations understand the impact of this digitization. This lack of understanding may ultimately hurt these industries if they do not begin to evaluate the power of these technologies and the benefit they can present to their organizations.