Analyst Insight: The connected nature of today's business environment is driving exponential growth in data, which is subsequently driving improvements in advanced analytic capabilities and the opportunity to leverage advanced analytics in manufacturing processes. For industrial manufacturing firms, capturing real-time data relative to asset performance and condition enables predictive maintenance and helps to realize productivity improvements and cost savings by reducing unscheduled downtime and optimizing asset performance. - John Santagate, Research Manager, IDC
Managers are increasingly nervous about the lack of progress in their digital initiatives. Too often, organizations merely add digital "pixie dust" to traditional processes or engage in a frenzy of digital experiments and ventures. Rather than drive competitive advantage, these efforts leave companies more vulnerable.
Back in 2011, security researcher Jay Radcliffe hacked into his own insulin pump, demonstrating how a remote user could potentially deliver a fatal dose of insulin to an unsuspecting diabetic. It was a dramatic way to show the medical device industry how insecurity of devices could lead to life-threatening situations.
Home automation hardware, sold as stand-alone units rather than as part of a subscription package, will exceed 300 million in 2020, according to Juniper Research. This represents growth of over 1000 percent from an estimated installed base of 28 million units in 2015.
Over the past few years, supply chain management has evolved from a labor-intensive local process to a "low-touch" - in some cases "no-touch" - complex global network. Today, SCM involves end-to-end and integrated planning and execution processes with real-time collaboration across the value chain. Such a system possesses tremendous flexibility in adjusting to a dynamic and consumer-driven marketplace.