Cover Image
Market Research Report

IDC FutureScape: Worldwide Manufacturing 2020 Predictions

Published by IDC Product code 345074
Published Content info 19 Pages
Delivery time: 1-2 business days
Price
Back to Top
IDC FutureScape: Worldwide Manufacturing 2020 Predictions
Published: October 31, 2019 Content info: 19 Pages
Description

This IDC study provides manufacturers with the top 10 predictions and underlying drivers that we expect to impact manufacturers' IT investments in 2020 and beyond."Manufacturing companies are transforming from efficiency-oriented operations to resilient organizations driven by a tighter connection to their markets and customers," according to Kevin Prouty, VP, Energy and Manufacturing Insights at IDC. "Their decision making must be near real time and based on mass customization and customer experience (CX), whether a physical product, a performed service, or a sales engagement."

Table of Contents
Product Code: US45594819

IDC FutureScape Figure

Executive Summary

IDC FutureScape Predictions

  • Summary of External Drivers
  • Predictions: Impact on Technology Buyers
    • Prediction 1: By 2023, 65% of the Global Manufacturers Will Realize a Savings of 10% in Operational Expenses Through Process Digital Twins Driven by IoT and ML Routines That Factor in Unstructured Data Sets
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 2: By the End of 2021, Half of All Manufacturing Supply Chains Will Have Invested in Supply Chain Resiliency and Artificial Intelligence, Resulting in Productivity Improvements of 15%
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 3: By 2021, 30% of Manufacturers Will Have a Digital Application Unit That Will Use Low-Code Technologies to Create Business-Relevant Applications Without Needing the Coding Skills Required
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 4: By 2023, 60% of G2000 Manufacturers Will Address Growing Industry Talent Shortages by Making Significant Investments in Intelligent Robotic Process Automation
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 5: The Need for Operational Resiliency with Data-Driven Processes Will Lead 60% of Manufacturers to Shift Their Smart Factory Strategy Focus from Technology Implementation to Process Change Management by 2022
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 6: Driven by Increased Requirements for Sustainability, by 2025, 30% of Manufacturers Will Be Utilizing Blockchain and IoT to Provide Reliable Provenance, Leading to a 90% Increase in Audit Efficiency
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 7: By 2021, 20% of Manufacturing Companies Will Have Started to Treat Their Assets as Internal Customers, Leading to a 40% Reduction in Asset Downtime
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 8: To Lessen Critical Equipment Failures, by 2024, 40% of OEMs Will Leverage Field Asset IoT Data to Intelligently Diagnose Pending Issues and Resolve Autonomously Reducing Unplanned Downtime by 25%
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 9: By 2024, 75% of All Consumer-Facing Manufacturing Companies Will Have Materially Transformed Their Supply Chains to Manage Customization at Scale, Resulting in Share Gains of 2-3%
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 10: By 2022, 70% of Manufacturers Will Use Cloud-Based Innovation Platforms and Marketplaces for Cross-Industry and Customer Codevelopment That Creates 50% of New Products and Service Ideas
      • Associated Drivers
      • IT Impact
      • Guidance

Advice for Technology Buyers

External Drivers: Detail

  • The Age of Innovation: Driving the Future Enterprise
    • Description
    • Context
  • The Platform Economy: Competing at Hyperscale
    • Description
    • Context
  • Sense, Compute, Act: Maximizing Data Value
    • Description
    • Context
  • Intelligence Everywhere: AI's Opportunity and Implications
    • Description
    • Context
  • Rising Customer Expectations: More Convenience, Customization, and Control
    • Description
    • Context
  • The Future of Work: Agile, Augmented, Borderless, and Reconfigurable
    • Description
    • Context
  • Economies of Intelligence: AI, Human, and Organizational "Learning" Fuels Asymmetrical Advantage
    • Description
    • Context

Learn More

  • Related Research
Back to Top