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Digital Transformation in Operations and Manufacturing

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Digital Transformation in Operations and Manufacturing

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While the concept of applying digital technologies to improve operational excellence isn’t new, in 2019 a staggering US$345 billion was earmarked for digital transformation initiatives in process and manufacturing industries. These investments are considered to be the largest of their kind by any industry worldwide, according to the International Data Corporation (IDC) . The question thus arises: what’s driving these large-scale investments in digital transformation in recent years? The answer lies in both the changing market and consumer preferences.

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