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Evolution is vital and inevitable, impacting market trends and technologies. Manufacturers, engineering companies, and service providers must keep pace with market transformations, especially as Industry 4.0 demands integrating advanced technologies and digital transformation into legacy IT infrastructure. This digitization increases automation, efficiency, cost reduction, and improved product quality. To remain competitive, engineering companies must embrace this digital revolution.
Engineering industries face challenges in daily operations, such as managing transit-cycle time, shift scheduling, quality control, and resource scheduling. Ace Infoway can help these industries achieve a 35-40% increase in productivity and revenue with custom digital solutions. First, let’s explore the impact of legacy IT infrastructure or outdated ERP systems on engineering companies.
How Can Outdated IT Infrastructure Impact Engineering Company’s Growth and Success?
Legacy IT infrastructure, while familiar and potentially functional, can pose significant challenges for engineering firms in today’s dynamic technological landscape.
Impact on Growth:
- Limited Scalability: A Forbes study revealed that 87% of engineering firms experience project delays due to limitations in their existing IT infrastructure. This directly impacts their ability to take on new projects and grow their business.
- Innovation Roadblocks: A Gartner report states that companies leveraging modern data analytics tools see a 20% increase in their innovation success rate. Legacy systems hinder this ability, stifling growth potential.
Impact on Productivity:
- Inefficiency and Errors: A McKinsey study found that manual data entry errors in legacy systems cost businesses an average of 10% in productivity losses. Modernizing can significantly reduce these errors.
- Limited Collaboration: A Salesforce study indicates that companies with siloed data due to legacy systems experience a 33% decrease in collaboration efficiency between teams.
- Downtime and Delays: Outdated systems are more susceptible to failures and require more maintenance, leading to downtime and production delays.
Impact on ROI:
- Increased Costs: Legacy system maintenance can consume up to 80% of a company’s IT budget according to a TechTarget report. Modernization can free up these resources for more strategic investments.
- Security Vulnerabilities: The IBM Cost of a Data Breach Report 2023 indicates that the average total cost of a data breach for the manufacturing sector is $4.24 million. Legacy systems with outdated security protocols are more susceptible to such breaches.
Additional Considerations:
- Talent Acquisition and Retention: A study by Randstad shows that 73% of engineers consider a company’s IT infrastructure when evaluating job offers. Legacy systems can make it difficult to attract and retain top talent.
- Missed Cost Savings: Modern AI/ML and data analysis tools can uncover hidden cost-saving opportunities in areas like energy consumption or materials usage—opportunities that legacy systems can’t identify.
How Ace Infoway’s Custom Digital Solution Is Helping Engineering Industries Strengthen Their Legacy IT Infrastructure?
Infrastructure Assessment and Strategic Planning
Our team of experts conducts a thorough assessment of the existing IT infrastructure to identify the specific limitations and bottlenecks within the current system. We develop a strategic roadmap based on this assessment, which provides a clear path forward for modernization, detailing the necessary steps and technologies required for a successful transition.
What You Get?
- 30-35% reduction in operational inefficiencies
- 20-25% decrease in maintenance costs
- 25-30% increase in system performance
Cloud Computing Solutions
Migrating to the cloud involves selecting the most suitable cloud platforms such as AWS, Azure, or Google Cloud, and developing a robust cloud migration strategy. By implementing hybrid or multi-cloud architectures, we help engineering industries achieve greater flexibility, scalability, and resilience, ensuring that they are not overly reliant on a single cloud provider. Cloud-native development, utilizing microservices, containers, and serverless computing, allows for more scalable, maintainable applications, and easier to deploy.
What You Get?
- 30-40% reduction in infrastructure costs
- 35% improvement in system scalability
- Enhancement in disaster recovery capabilities
- 30-35% faster time-to-market for new applications
AI/ML Integration
Integrating AI and ML into the engineering industry’s infrastructure can revolutionize maintenance and operations. For example, our predictive maintenance models can forecast equipment failures before they occur, allowing for proactive maintenance that reduces downtime and operational costs. Additionally, our ML algorithms can optimize various engineering processes, such as improving design accuracy, enhancing manufacturing efficiency, and ensuring quality control. Our AI-driven analytics can provide deeper insights from data, leading to more informed decision-making.
What You Get?
- 25-30% increase in operational efficiency
- 30-35% reduction in maintenance costs
- 25% enhancement in product quality
- Increased decision-making accuracy
Product Engineering Services
With our product engineering services, we focus on designing and developing custom software solutions tailored to the specific needs of the engineering industry. This includes creating applications that enhance productivity, improve user experience, and streamline operations. Integrating these new applications with existing systems ensures seamless data flow and interoperability. Employing user-centric design principles ensures that the developed software is intuitive and easy to use, which improves user adoption and satisfaction.
What You Get?
- 30% improvement in operational efficiency
- 25-30% enhancement in user experience
- 30-35% reduction in development and maintenance costs
Security and Compliance
Enhancing security measures is crucial to protecting sensitive data and systems from threats. Our team implements advanced security protocols such as encryption, identity and access management (IAM), and continuous threat detection. We ensure required regulatory compliance through adherence to industry standards and best practices to avoid legal and financial repercussions.
What You Get?
- 60% reduction in security breaches
- Decrease in compliance-related fines and penalties
- Improvement in data protection
Why Ace Infoway Is The First Choice For Engineering Industries For Custom Digital Solutions?
D2M: No, it’s not about Direct To Mobile, it’s about Direct To Management. For every project we undertake the top brasses of our management get directly involved in ensuring top-notch service and timely delivery of the project. Speak with our CXOs; Offering direct access to our leadership team and industry experts, fostering transparency, swift decision-making, and a deep understanding of client needs.
Client-centric Co-creation: Collaborating closely with clients throughout the project lifecycle to innovate and develop solutions that align perfectly with their goals and requirements.
Agility and Flexibility: Ace Infoway emphasizes agility and scalability enabling rapid adaptation to evolving data landscapes and business requirements. Unlike rigid solutions that struggle with agility, Ace Infoway’s approach ensures swift responsiveness to market changes and operational demands.
Hyper-personalized Client Engagement: No one-size-fits-all; Tailoring our services to meet the unique needs and preferences of each client, ensuring a personalized experience that exceeds expectations.
Tailored SLAs: Ace Infoway adapts service level agreements (SLAs) and contractual terms to your business objectives and risk management strategies, offering flexibility that standard approaches lack.
Conclusion
The modern engineering industry faces many challenges, including the need for continuous improvements, production processes, production timelines, and many more. Legacy IT infrastructure, outdated ERPs, and software enable engineering companies to manage their daily operations with limited efficiency and productivity without utilizing the full potential of resources and technology. Engineering organizations are at the forefront of innovation creating cutting-edge equipment, facilities, and technology for use in a range of manufacturing and service industries making the modernization and digital transformation of existing software and IT infrastructure more important than ever for the engineering sector to drive growth and utilize the capabilities of their resources efficiently.
Ace Infoway offers cost-effective, advanced, and custom digital solutions that enable smooth integration with existing systems, cloud migration, digital transformation, and modernization of legacy IT infrastructure of engineering companies without hindering ongoing business operations. Contact us to boost the potential of your legacy IT infrastructure or outdated existing ERPs with our custom digital solutions designed especially for engineering industries.
