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Manufacturing represents product-centric organizations that can be segmented into two distinct groups: Process manufacturing, which includes chemicals, metals, pulp and paper, consumer packaged goods (CPG), food and beverage (F&B), fashion, and lifesciences. Discrete manufacturing, which includes automotive, aerospace and defense (A&D), industrial machinery, electronics, and semiconductor (high tech).
According to IDC's 2021 SaaSPath Survey, almost 50% of organizations are still using spreadsheets to manage some or all of their enterprise assets. These organizations are missing out on the efficiency gains of a digital-first world where data andworkflows are automated and connected. Further, digitally distraught companies risk losing competitive advantage to companies that have readily available information to make better asset-related decisions.