Industrial manufacturers are taking steps to accelerate growth and their competitive position against a rapidly changing risk environment. To move forward, it’s never been more critical to optimize portfolios and invest in technology. Digitization is opening new avenues for product and service innovation for capital goods suppliers. Continuous augmentation of product functionality, coupled with data analytics, is helping suppliers better understand customer needs, tailor offerings and monetize additional services.
Industrial manufacturers must now advance and protect their enterprise in an intelligent, agile and scalable way through innovation. EY teams help industrials explore M&A strategies, adopt new business models, embrace technology and address shifting workforces.