Positive trends include the ever-increasing pace of digital transformation in the metals industry 3 Proven Ways. Crowe’s recent METALCON 2024 report identified significant trends in the adoption of advanced technologies by metal manufacturers. With an increasing focus on artificial intelligence (AI) and enterprise resource planning (ERP) modernization.
1. Growing adoption of artificial
Over the past greece phone number data two years.
AI adoption has grown from 7% to 24%, reflecting a growing interest in solutions beyond traditional automation.
When asked which technologies should be implemented in the next few years to boost their industrial growth, 41% of respondents put AI at the top of their priority list. However. 28% admitted that they don’t know enough about AI to take action. Indicating that there is still a gap between intentions and implementation capabilities.
Artificial intelligence is a key part of trends that could impact the mining and metals sector in the next 12-18 months, according to Deloitte’s Tracking the Trends 2025 report.
2.Undertaking ERP system upgrades
ERP systems it is one of the most popular play a key role in the efficiency of metalworking companies, yet according to the Crowe report, 50% of companies have not updated their ERP systems for at least five years. Many of these systems have not been updated in more than a decade, demonstrating a glaring gap between the need to modernize and the actual investment.
An outdated ERP not only limits automation capabilities, but also makes it difficult to integrate modern solutions such as artificial intelligence (AI) or business intelligence (BI) tools.
3. Lack of roadmap
One of the alarming phone number united states of america revelations of the report is that 48% of companies do not have a clear roadmap for their digital transformation. This means that almost half of companies in this sector are moving forward without a clear strategy, which risks exposing them to rapid change in the market.