Digital Transformation in the Industrial Sector
It is quickly becoming imperative that industrial companies embrace digital to meet changing customer expectations and respond to competitive threats. Even if a company doesn’t have a strong interest in becoming more digitally oriented, the fact remains that people have been greatly influenced by the convenience of digital offerings (i.e., Amazon, Apple and Uber, to name a few). So customers, as well as distributors, expect certain digital options.
Over the past two years, MAPI and Spencer Stuart have partnered to study digital transformation trends in the sector. Together, we surveyed 270 senior-level executives across the industrial sector to learn what “digital” means today in the industrial sector and where industrial companies stand on their digital journey. The result of our effort finds a year-over-year acceleration of digital growth and captures lessons learned along the way.