The report Global Digital Operations Study 2018, prepared by Strategy&, PwC's strategic consultancy firm reveals that two out of three Spanish industrial companies are falling behind in the digitization process.
The study concludes that 68% of Spanish industrial companies are in a medium or low state of digitalization, 27% at an advanced level and only 5% of Spanish industrial companies can be considered as digital leaders. Level of digitalization of Spanish industrial companiesThe prepared report classifies companies into four groups according to their level of digitalization. Digital leaders, those companies that already have their entire value chain fully digitized and integrated. They represent 5% of the total number of industrial companies in Spain. Innovative, companies that are developing disruptive technology in their manufacturing processes. They currently account for 27% of companies. Digital followers which have some functional areas digitized and connected to each other. Finally, Newbies industrial companies that are in an early phase of digitalization. These last two are the largest by size, as this is where the largest number of Spanish companies are included (68%).Where is Spain compared to the rest of the world?The document compares the digitization process between countries using the digitization index developed from three variables: The capacity that companies have to incorporate new technologies. The level of maturity of their digital ecosystem and the level of digital culture. This document attributes 43.6 points to Spanish industrial companies, which represents a slightly higher ranking (0.03 points) than the average of companies worldwide. However, Spain is far behind when it comes to leading companies only 5% are highly digitized companies, while worldwide this percentage increases to 10%.Impact of digitalization on businessSpanish companies expect increased revenues and improved productivity through efficiency when investing in new digital technologies. As a direct consequence of digitalization, industrial companies estimate the average for the next 5 years Increase revenues by 11.1% At the same time reduce costs by approximately 20%.The technologies that will become most important, according to the managers consulted, are predictive technologies, the Internet of Things (IoT) and the Artificial Intelligence (AI). However, they say that today, workers do not have the necessary training to be able to get the most out of these technologies.
