A recent survey by PTC found companies are investing at least 5 percent of annual revenue on these types of projects – and as executives increase their spending, they’re targeting a variety of goals across their companies. These goals range from improving product quality to reducing the cost of operations to increasing supply chain and resiliency.
As digital transformation projects increase in size and scale, the survey illustrated that the impact is dependent on the ability to leverage data generated across initiatives. Among the most effective ways enterprises are successfully harnessing data is through a digital thread strategy.
Digital thread creates a closed loop between digital and physical worlds to optimize products, people, processes, and places.
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