The State of Industrial Digital Transformation
Introduction
Methodology and Firmographics
The State of Industrial DX
Key Takeaway #1: DX is a million (or more) dollar annual investment
The majority (77%) of digital transformation programs spend over $1m and 30% spend over $5m annually. Large companies (with over $1 billion in revenue) have sizeable DX budgets; nearly 50% spend more than $5 million annually on digital transformation projects.
Industrial products (heavy-equipment, machinery) and other discrete manufacturers (medical devices, durable goods, apparel) have the highest number of respondents spending over $1m (83% and 84%, respectively) and $5m (36% and 34%) on their DX programs.
DX Program Leadership
DX Driven Strategic Goals
Key Takeaway #4: 92% of industrial companies are on a DX journey
Distribution of project phases across regions