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  "documentTitle": "Stepping Up the Pace Manufacturing",
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  "notes": "The chart shows a clear trend of increased IT investment across all categories, with 'Manufacturing leaders' projected to outpace the cross-industry average.",
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      "text": "Pursuing their digital strategies will require manufacturers to be open to investing in new technologies and processes at a time when they are concerned about cutting costs – and are already lagging behind other industries when it comes to making IT investments (see Figure 5). Manufacturers in our study are investing 8.3% of their revenues in technology, on average, while the cross-industry average is 9.8%. Manufacturing leaders, however, are not only closing the gap with other industries by spending 9.6% of revenues on technology, but they’ll also surpass them in the next three years. Leaders plan to boost spending to 16.9% of revenues vs. the cross-industry average of 15.7%.",
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      "text": "Total response base: 2,491; Manufacturing response base: 216; Source: Cognizant/ESI ThoughtLab, 2019 study; Figure 5",
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