While digital transformation is touted as the new trend for product development and manufacturing organizations, small and medium firms can sometimes feel left behind. How can smaller companies reap the benefits of digital transformation, without exposing themselves to too much risk? How do you know if your efforts are ahead of the curve, or lagging?
This IDC InfoBrief examines the current and future investment plans of small and medium businesses (SMBs) so that firms can see where an adjustment in their investment plans for product design and development might be appropriate. While small and midsize manufacturing firms have made major strides in improving product design and development, the competitive landscape will become increasingly demanding. SMB manufacturers need to know how to make optimal use of the latest technology to support digital transformation.