Manufacturing Automation: Keeping the lights on: Pandemic underscores need for cloud-based systems
by Manufacturing Automation
With new reports indicating Canadian manufacturers are not reaching the full potential of their cloud investments, identifying a sound strategy is more crucial than ever
Cloud-based services have enabled rapid pivoting for manufacturers throughout the course of the COVID-19 pandemic, allowing them to quickly deploy production and supply chain adjustments – that is, if they already had a successful implementation of the technology in place.
For those that didn’t, the pandemic has stressed the importance of off-premises solutions – not just for remote working, but to improve processes across the value chain. In the recent article “Making the Cloud Pay,” McKinsey & Company highlights R&D, procurement, manufacturing, supply chain and sales as just some of the areas that the cloud can benefit.
According a McKinsey survey of 750 respondents, company leaders face two diametrically opposed factors when it comes to the cloud. First, company leaders who already employ a cloud-based solution estimate that 30 per cent of their total spend is wasted on ill-advised solutions. Second, leaders expect to increase their spending on cloud initiatives by 47 per cent in 2021 in order to keep up with the marketplace.
Read more on Manufacturing Automation, one of Canadian Manufacturing‘s sister publications.
