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The industry is expected to spend $5.18 billion on cloud computing before the end of the year… That’s a shocking 23% growth rate over the past few years. Did you jump on the bandwagon?
IDC reported that the manufacturing industry would spend an estimated $5.18 billion on cloud computing before the end of the year. In addition, they expect that cloud enterprise resource planning software will increase from $19.1 billion in 2017 to $28.8 billion in 2028. That’s a huge increase. So why is the cloud all the rage for manufacturing firms? What’s the push to move toward the cloud rather than keeping everything on-premises? It’s all about achieving greater speed and accuracy – two very important factors in the manufacturing realm – throughout operations.
The cloud refers to a network of servers that are used for data storage, processing, and management. These networks are accessible via the Internet – allowing manufacturing firms to access their systems, applications, and data anytime, anywhere. It’s much faster to roll out a cloud-based system compared to a traditional on-premises system. In addition, it’s much easier to scale up or down as needed in terms of new users, machines, and other factors. The cloud provider handles the maintenance, hosting, and updating for you.
Many manufacturing firms struggle with outdated equipment. The cloud enables manufacturing firms to upgrade their equipment without a huge upfront cost – giving them access to greater, more powerful resources to:
The cloud gives you the power of connecting your shop floor to the rest of your manufacturing firm. This means all of your suppliers, partners, employees, and other personnel can refer to one platform for the most up-to-date, accurate information possible – allowing you to better serve your customers.
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