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Technews Industry Guide - IIoT 2018

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IFS study shows 26 percent increase in digital transformation
November 2018, News


IFS, the global enterprise applications company, has released a research study of digital transformation budget trends of 200 North American manufacturing executives, which reveals that more than half of respondents expect their budgets for digital transformation to increase in the next two years.

The IFS study also shows that substantial investments have already been made in digital transformation initiatives, leading to a 26 percent increase since a 2015 study in companies saying their enterprise software did a good job preparing them for digital transformation. Based on the results from the study, IFS believes digital transformation will continue to accelerate in coming years, since only five percent of respondents expected their budgets to decrease. Analytics and mobility projects were the most frequently funded among respondent companies.


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