Executive Briefings

10 Ways Global Manufacturing Will Change in 2018

International Data Corporation (IDC) surveyed the global manufacturing landscape for its new report, "IDC FutureScape: Worldwide Manufacturing Predictions 2018." The global market intelligence firm examined ecosystems and experiences, greater intelligence in operational assets and processes, data capitalization, the convergence of information technology (IT) and operations.

Most of the group’s predictions refer to a continuum of change and digital transformation (DX) within the wider ecosystem of the manufacturing industry and global economy.

"Manufacturers of every size and shape are changing rapidly because of new digital technologies, new competitors, new ecosystems, and new ways of doing business,” said Kimberly Knickle, research vice president of IT priorities and strategies for IDC Manufacturing Insights. “Manufacturers that can speed their adoption of digital capabilities in order to create business value will be the leaders of their industry."

Technologies that will have the greatest impact include cloud, mobile, big data and analytics, and internet of things (IoT). Manufacturers also have high expectations for the business value of technologies that are in earlier stages of adoption, such as robotics, cognitive computing/artificial intelligence (AI), 3-D printing, augmented reality/virtual reality (AR/VR), and even blockchain.

Over the next few years, IDC identified some of the most notable changes in the industry: 

  • Redefining how businesses design (or define), deliver and monetize products and services
  • Developing new contextualized and customized experiences for customers, employees and partners
  • Increasing coordination and collaboration between IT and line-of-business organizations, as well as among ecosystem participants
  • Changing the nature of work and how it's accomplished with people, process, and technology coming together

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Most of the group’s predictions refer to a continuum of change and digital transformation (DX) within the wider ecosystem of the manufacturing industry and global economy.

"Manufacturers of every size and shape are changing rapidly because of new digital technologies, new competitors, new ecosystems, and new ways of doing business,” said Kimberly Knickle, research vice president of IT priorities and strategies for IDC Manufacturing Insights. “Manufacturers that can speed their adoption of digital capabilities in order to create business value will be the leaders of their industry."

Technologies that will have the greatest impact include cloud, mobile, big data and analytics, and internet of things (IoT). Manufacturers also have high expectations for the business value of technologies that are in earlier stages of adoption, such as robotics, cognitive computing/artificial intelligence (AI), 3-D printing, augmented reality/virtual reality (AR/VR), and even blockchain.

Over the next few years, IDC identified some of the most notable changes in the industry: 

  • Redefining how businesses design (or define), deliver and monetize products and services
  • Developing new contextualized and customized experiences for customers, employees and partners
  • Increasing coordination and collaboration between IT and line-of-business organizations, as well as among ecosystem participants
  • Changing the nature of work and how it's accomplished with people, process, and technology coming together

Read Full Article