What are the most common technology issues for small manufacturing companies?

 

"There are many technology issues that small manufacturing companies face in today’s digital economy. Some of the most common ones are:

• Cybersecurity: Small manufacturers need to protect their data and systems from cyberattacks, which can cause financial losses, reputational damage, and operational disruptions. A cybersecurity plan that includes risk assessment, safeguards, and incident response is essential for any digital transformation.
• Capital: Investing in advanced manufacturing technologies such as automation, robotics, IoT, and AI can be costly and require long-term planning. Small manufacturers need to balance the benefits and costs of digitization, and consider the opportunity cost of not adopting new technologies.
• Learning curve: Implementing and using new technologies can be challenging for small manufacturers who may lack the relevant knowledge, skills, and abilities. They may need to seek external expertise, training, and support to overcome the learning curve and achieve their digital goals.
• Legacy systems: Many small manufacturers rely on outdated software, hardware, and processes that are incompatible with new technologies and customer expectations. They may need to upgrade or replace their legacy systems to improve their efficiency, agility, and competitiveness.
• Decision making: Digitization requires a change in how small manufacturers make decisions. They need to leverage data and analytics to gain insights, optimize performance, and innovate. They also need to foster a culture of data-driven decision making that encourages experimentation, collaboration, and learning."

 

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