One of the key goals of making the digital transformation is to realize a strong return on investment. Successful implementation of IoT will help organizations achieve revenue goals while implementing new, more effective go-to-market strategies.
To get a better picture of how—and why—manufacturers are pursuing IoT initiatives to spur new sources of revenue or lead to customer retention efforts, PwC US and the Manufacturers Alliance for Productivity and Innovation (MAPI) surveyed US-based manufacturers. Their Monetizing the industrial Internet of Things survey found that 42% of companies in the United States believe between 10% to 20% of their total revenue to be driven by IoT products and services. And from aerospace to logistics, companies expect to increase efficienciesand achieve significant cost reductions through investments in digital transformation.
Organizations that make the necessary moves to address IoT today will position themselves as leaders in their markets.
At PwC, we recognize the inherent diversity in the industrial manufacturing industry, so we don’t offer cookie cutter solutions for addressing issues or seizing opportunities. Instead, our team provides tailored assistance in helping all players in this sector create value for their businesses and achieve success.
We offer Canada’s industrial manufacturing sector a full suite of tax, audit, consulting and deal services, supported by our vast global network of IoT experienced professionals. Contact us today to see how we can help you deliver the full value of your investments and turn your industrial transformation vision into a reality.