Samsara releases State of Connected Operations report

Samsara releases State of Connected Operations report

The research found that Connected Operations Leaders were 6x more likely to exceed their financial goals by 25% or more.

Samsara recently released its 2023 State of Connected Operations Report, offering a new look into how the organizations within industries that drive more than 40% of the global GDP are reinventing their operations. With perspectives from more than 1,500 physical operations leaders across nine countries, the report, according to Samsara, uncovers the investment strategies leaders are pursuing to build new revenue streams, leverage emerging technologies, and rise above economic and geopolitical uncertainty. The research found that Connected Operations Leaders—those who reported the highest level of digital maturity—were six times more likely to exceed their financial goals by 25% or more.

According to the company, physical operations leaders experienced a variety of challenges that drove headlines and boardroom discussions this past year. With elevated fuel costs and inflation, labor and equipment shortages, and supply chain constraints, they overcame these challenges by turning to technology and doing more with less. Below is a glimpse of the report’s findings.

Reworking supply chains and technology budgets to build resiliency

The importance of operational visibility is growing and driving investments. Supply chain delays and shortages, volatile fuel prices, and cross-border travel and trade are the top three concerns of leaders. To increase supply chain predictability and efficiency, 59% plan to move operations back to their country of origin, known as onshoring, this year. Real-time operations data is a competitive advantage and critical for decision-making for 90% of leaders. As such, 67% are increasing their technology budgets this year.

Out with the old—in with AI, automation, and digital workflows

With boosting efficiency top of mind, leaders are leaning into generative artificial intelligence (AI) and automation. By 2024, 84% of leaders plan to use generative AI and 91% automation to modernize their operations. Further, 51% are already using or plan to use autonomous vehicles and/or equipment this year. Leaders are also scrapping pen-and-paper processes for digital workflows, and by 2025 they predict 55% of their employees in the field will rely on digital workflows to perform day-to-day tasks.

Investing in workforce development

The future of work is rapidly changing as technology transforms legacy ways of getting work done. Consider that in just two years, leaders predict that one in six employees will be doing jobs that don’t exist today. This helps illustrate why more than half (52%) report teaching employees how to use new technologies is a top priority this year. An estimated $7 billion will be spent on training, upskilling, and reskilling employees in 2023 across the organizations surveyed.

Using sustainability as fuel for new revenue streams

Investments in sustainability are leading to the invention of new operating models. Last year, Samsara’s research found that 49% of leaders were planning to accelerate their electric vehicle (EV) adoption to combat rising fuel costs. Now, they are looking beyond adoption and will monetize EVs through pay-per-use or subscription charging stations (62%) and sell energy back to the grid (58%) by 2025. At this time, leaders predict 53% of their organizations’ fleet vehicles will be electric or hybrid.

“The bottom-line benefits of digitization are clear, but it’s the positive impact on lives and the environment that will be the most incredible to see,” Hausman added. “These leaders are shaping what we’ll remember as a transformative decade in physical operations.”

To view all insights from the 2023 State of Connected Operations Report—and discover the strategies Connected Operations Leaders are using to reinvent their operations—visit the Samsara website.

You May Also Like

Florida Pneumatic releases new Aircat riveters

Two models with two different levels of power have been released.

Airtcat-pneumatic-tools-6410-6420-florida-pneumatic

Florida Pneumatic Manufacturing Corp. has released two new models of Aircat Air Hydraulic Riveters (AHR). The 6410 3/16-in. AHR features 2,000 lbs. of pull force and is designed to handle both 5/32-in. and 3/16-in. steel and aluminum structural rivets, as well as 3/16-in. Monobolts, the company said. The 6420 1/4-in. AHR, meanwhile, has 3,700 lbs. of pull force and can handle both 3/16-in. and 1/4-in. steel and aluminum structural rivets, along with 3/16-in. and 1/4-in. Monobolts.

HDA Truck Pride member Southside Trailer Service acquires PBS Brake & Supply

The acquisition unites 105+ collective years of experience and highlights collaborative spirit within HDA Truck Pride’s network.

HDA-truck-pride-logo
Truck tires: From mounting and balancing to alignment and tread depth

Effective tire maintenance with the right equipment ensures fleet operations remain productive and profitable.

hunter-TMC-Unscripted-1400
HDA Truck Pride adds Hawaii Truck Parts

HDA Truck Pride says it and Hawaii Truck Parts share aligned values, adding that this move now establishes its presence in Hawaii.

HDA-truck-pride-logo
New 17-ton Rotary pit lift released in Europe, Middle East, Africa

The lift can adjust to fit different pit sizes, while maintaining the ability to pick up, lift and support heavy-duty vehicles.

Rotary-pit-lift-portal-17

Other Posts

ACT Research numbers: Heavy-duty down, medium-duty up

ACT says after a year of unexpected growth, March orders may finally indicate a slowdown in capacity additions.

ACT-class-8-net-march-2024-orders
Daimler Truck reports good start to 2024

Despite lower Group unit sales, Daimler Truck says it continued toward a robust profitability in normalizing markets for Q1 2024.

Daimler-Truck-Q1-2024
Commercial tire market cautiously recovering from 2023 challenges

To better understand commercial tire expectations for the remainder of the year, we spolke with Pierluigi Cumo, VP of B2B products at Michelin North America.

Michelin-truck-tires
More women, younger generations buying trucks

Understanding who is buying trucks, where they’re looking and what they’re looking for is crucial when it comes to marketing your vehicles.

Trucking-Market-Industry-Report-Generic-sales-generations-demographics