Five-axis machine tool is one important equipment for smart manufacturing, and many five-axis machine tools were integrated with smart technologies, such as tool-wearing diagnosis and path optimization technology. Intelligent technology ensures high quality to machinery products. For five-axis machine tools, achieving geometric accuracy is one of the important basis of intelligence. To ensure accurate positioning capability of the five-axis machine tools, machine tool manufacturers often measure and compensate the geometric errors by using laser interferometer. With up to 43 geometric errors on five-axis machine tools, a technology to complete the measurement and compensation quickly and accurately has become an urgent need for the tool manufacturers. This article introduces the use of two-dimensional hole plate to analyze the geometric errors of machine tool. By comparing the measurement results of two-dimensional hole plate and traditional standard on a coordinate measuring machine, we established a digital measurement technology system on five-axis machine tool to assist the upgrade of the manufacturing industry.