Digital transformation has become a necessity for manufacturers aiming to compete in an increasingly complex and fast-paced global market. However, the journey to achieving a fully integrated, data-driven operation has proven far more challenging than expected. A 2020 McKinsey & Company study revealed that 70% of digital transformation initiatives fail to meet their goals, underscoring the difficulty of connecting factory operations with business systems like ERP.
MachineMetrics is a Massachusetts-based industrial IoT platform that provides production monitoring and related solutions for sectors such as medical, auto, and aerospace.