Manufacturing firms are prioritizing insights-driven decision-making, with 73% recognizing data and analytics as key strategic enablers. Some have stated that investing in analytics can increase revenue, bring in new revenue streams and drive competitive advantage. So far, the lack of budgets plus technological and organizational challenges have hampered the achievement of data and analytics maturity in manufacturing. However, many enterprises are working around the challenge by engaging third-party service providers to drive strategy and roadmap development.
Source: Forrester study
commissioned by WNS
60% prioritize becoming more insights-driven in decision-making
86% have observed measurable or significant benefits by implementing Data & Analytics practices
94% are fully leveraging machine learning in most platforms / apps
73% of manufacturing firms are looking to become insights-driven as a high priority
70% of surveyed enterprises are building predictive analytics capabilities
74% expect organizational spending on analytics to rise in the next 12 months
71% are planning to implement AI-enhanced BI platforms
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