With 75% of manufacturing firms having less than 20 employees (Source), many industrial enterprises require financing that enables operational flexibility for digital growth and frees up capital for digital skills training for employees. According to research from Siemens Financial Services (SFS) Practical Pathways to Industry 4.0 Whitepaper, digital skills and access to finance are cited as the top two challenges for manufacturers to adapt to industry’s digital transformation. Building on this and six other key trends identified by manufacturers looked to adapt to the digital transformation – this whitepaper was introduced during Siemens Finance Week 2018 and explains how to build a practical plan to access the benefits that come from being a digitalized, automated organization in today’s manufacturing environment.
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