The publication is broken into three sections:

  • Drivers of Digital Transformation: The key drivers pushing executives to adopt DX initiatives include increased consumer and industry demands for smart, connected products; eco-friendly requirements, regulations, and incentives; and the disruption of product development norms.
  • Comparing Digital Transformation Efforts: In order to better understand how companies translated their DX initiatives into tangible improvements, survey respondents were divided into three distinct groups: most progressive, moderately progressive, and least progressive. Lifecycle Insights compared DX investments and correlated performance gains realized by the most progressive.
  • Enablers of Digital Transformation: The adoption of DX initiatives is powered by a number of processes, practices, and technologies. The findings in this section uncover the enablers that make a difference for the most progressive. Today’s manufacturers must manage an almost overwhelming amount of complexity in products, processes, and organizational partnerships. This study reveals that the most progressive group is harnessing a variety of different DX initiatives, paired with supporting technology investments, to realize tangible savings across the entire product development lifecycle.