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Short term ownership and even rental opportunities are now available for once expensive equipment such as pallet wrapping machines Employees will need to be taught new skills, so they are equipped to work in the digitally transformed industry. A focus on hardware engineering will need to shift to software engineering. When manufacturing machines, digital aspects will need to be considered as a priority. Companies will have to work hard to recruit and keep analytics talent. One way is to ensure they are leaders in the industry. Machinery companies will have to overhaul their IT organisations. The business will need to adopt a more research focussed attitude and invest in the development of innovations. They will need to watch competitors closely to ensure they are keeping ahead of developments and remain a leader in their industry. They will need to empower executives with the skills and support to drive this change and transition. They will need to consider other changes that their machinery will need to respond to. One of the most critical needs is the drive towards sustainability. How can their machines, and the materials they work with, be developed to support more sustainable practices. Customers are all looking to reduce their carbon footprints.

Advances in Technology are Seeing Digital Opportunities for Industrial Machinery Makers

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Cost Predictability in Construction Projects

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