What is the difference between digital manufacturing and traditional manufacturing?

Digital manufacturing is the use of computer-aided design (CAD), computer-aided manufacturing (CAM), and other software technologies to manufacture products more efficiently on a factory floor. In the digital manufacturing space, manufacturers are leveraging advanced software, analytics, and hardware technologies to reduce costs, improve quality and reduce lead times. This is creating new markets for 3D printing and other additive manufacturing technologies, as well as opening up new business opportunities for suppliers in the supply chain who can help with the digital transformation from CAD/CAM to digital production. For example, many designers are creating digital products using low cost 3D printers or service bureau suppliers. Manufacturers who have a great understanding of their end users’ needs may be able to leverage their supplier partners’ supply base to create customized products at lower cost than if they were procuring CAD designs from external vendors.