Manufacturing SME’s are not worried about novel technology, but people

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientific

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Abstract

Digital transformation of the manufacturing sector is proceeding rapidly and means a drastic change especially to large companies that drive the development. Manufacturing SMEs are also required to invest in modern technologies to keep up with the competition, as they are often members of supply chains led by large companies. We present a snapshot of the current SME digital investments based on the findings of a study carried out recently as part of our H2020 project covering most of Europe. The questions we aim to answer are: what are the areas of operation where digital solutions have been implemented in, what digital applications have been implemented, what have been the initial barriers faced in the adoption of digital solutions, and what kind of risks SMEs have considered regarding their digital investments. The article provides insights for experts working in digital development for the manufacturing sector and focused on SMEs.
Original languageEnglish
Title of host publicationISPIM Connects Athens – The Role of Innovation: Past, Present, Future, on 28-30 November 2022
PublisherLappeenranta University of Technology
Number of pages13
Volume110
ISBN (Electronic)978-952-335-691-7
Publication statusPublished - 30 Nov 2022
MoE publication typeB3 Non-refereed article in conference proceedings
EventISPIM Connects Athens Conference: The Role of innovation: Past, Present, Future - Athens, Greece
Duration: 28 Nov 202230 Dec 2022

Publication series

SeriesLUT Scientific and Expertise Publications: Research Reports
Number110
ISSN2243-3376

Conference

ConferenceISPIM Connects Athens Conference
Country/TerritoryGreece
CityAthens
Period28/11/2230/12/22

Keywords

  • Digital transformation
  • Manufacturing
  • SME
  • ICT
  • Barriers
  • Investments
  • Risks

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