From cost to profit driver
According to research by the Institution of Engineering and Technology (IET), manufacturers who digitise their product data achieve:
- Revenue growth +1,5 % to +7 % within 5 years
- Time savings for data updates –50 % management effort
- Growth 6 to 7% within 5 years
- Cost reduction at least 20%
- Brand value / trust +11 % improvement
Half of that return comes directly from working more efficiently: fewer errors, less duplication, and less time wasted searching for and correcting information.
A PIM system sits at the heart of this process. It creates a single source of truth for all product data — from technical specifications to application advice — and automatically feeds every channel: websites, specification tools, documentation, and BIM.
“Updating property values for products in a single source results in at least 50 % time saving,” IET report 2021.
In other words: one version of the truth instead of ten Excel files.