Factories lose $3.1 billion a year to isolated data, obsolete systems and Excel

Factories have invested billions in industrial software, yet many still run on systems that do not communicate with each other, fragmented data and manual processes in error-prone spreadsheets. In a world where digitization is key to competitiveness, the lack of integration and intelligent planning produces multi-billion-dollar losses and exposes the industry to critical risks.

The numbers

• $3.1 billion in annual losses from operational errors, inefficiencies and cost overruns caused by disconnected systems (IDC, 2023).
• 71% of ransomware attacks target manufacturing, with an average ransom of $2.4 million per attack (QBE, 2023).
• 80% of AI projects fail because companies cannot access integrated, reliable data (RAND, 2023).
• 94% of spreadsheets contain errors, leading to decisions based on inaccurate data, wasted resources and critical failures (Spreadsheet Quality Assurance, 2023).
• 44% of industrial data is used effectively, wasting valuable information and slowing digital transformation (Rockwell, 2023).

The missing piece

The problem is not a lack of technology. It is the absence of a solution that truly connects planning, production and data management on a single, flexible and secure platform.

Sources: IDC, Rockwell, RAND, QBE, Spreadsheet Quality Assurance.