Accenture: top four innovation challenges in manufacturing

Manufacturing Global details the four biggest challenges the manufacturing industry is facing, when it comes to digital innovation. Innovation is known to impact much more than the direct bottom line of the product in which it is implemented, highlighted Jorge Guzman, Assistant Professor of Business at Columbia Business School in Accenture's report on Scale Digital Innovation Like a Champion. Besides net income for a specific product or service, innovative work also changes the capabilities of a company to tackle the future and helps them try new ideas that could be risky, but potentially highly profitable. While there are huge benefits to innovation and digitally transforming operations in order to exceed customer needs and expectations, the process does not come without challenges. When speaking to executives within the manufacturing industry, four key issue were repeatedly ranked as the top barriers for scaling proofing of concepts.