Economy
Crowe Survey Gathers Data on Technology Trends
Written by Tim Triplett
March 25, 2020
With so many people working from home lately, technology is becoming even more important in their professional lives. Analysts at Crowe LLP are studying the technology trends to help metals companies develop strategies to take advantage of the latest developments, and they could use your help.
The 2019 Crowe Technology Survey revealed that most companies in the metals industry are seeking to expand their use of digital technology. More than 63 percent of last year’s respondents said technology is very important to their (business) strategy over the next 3-5 years. Over 70 percent said that business intelligence and reporting are major challenges for their company. In order to stay current, many companies are looking to move applications from on-premise to cloud-based versions. Others are considering the implications of artificial intelligence and machine learning as a way to improve efficiency.
Crowe is gathering input again this year from those in the steel industry to help provide direction for technological development. Please click this link to take the Crowe Technology Survey and share your thoughts regarding the need for technology at your company.
As part of the 10th Annual SMU Steel Summit, Crowe will unveil this year’s results during a workshop on Monday, Aug. 24, at the Marriott Gateway Hotel, titled Technology Strategies: How Metals Companies are Making Digital Transformation at Reality. Your participation is much appreciated.
Tim Triplett
Read more from Tim TriplettLatest in Economy
ISM: US manufacturing poised for growth in 2025
“Manufacturers are optimistic,” said Timothy R. Fiore, chair of ISM’s Manufacturing Business Survey Committee.
New York state manufacturing activity stable in December
Following a substantial recovery in November, business activity in New York state’s manufacturing sector held steady in December, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York.
Ternium chief say Mexico tariffs ‘irrational’
Vedoya said the proposed tariffs are "an irrational measure that would harm both their own industry and ours."
Slowing data center, warehouse planning drives decline in Dodge index
The Dodge Momentum Index (DMI) slid further in November as planning for data centers and warehouses continued to decline.
Beige Book shows some positive economic activity
Still, many businesses noted increased sensitivity to prices and quality among customers.