Cover Image
Market Research Report

IDC FutureScape: Worldwide Manufacturing 2019 Predictions

Published by IDC Product code 345074
Published Content info 17 Pages
Delivery time: 1-2 business days
Price
Back to Top
IDC FutureScape: Worldwide Manufacturing 2019 Predictions
Published: October 31, 2018 Content info: 17 Pages
Description

This IDC study provides manufacturers with our top 10 predictions for 2019.According to Reid Paquin, research director, IT Priorities and Strategies, IDC Manufacturing Insights, "The manufacturing industry continues to evolve. Digital transformation is a discussion that has touched every part of the value chain. No matter if you work in design, the supply chain, operations, or service, the adoption of digital capabilities to create business value has become critical to success. Our predictions create a framework for IT and line-of-business executives to plan and execute technology-related initiatives in the years ahead."

Table of Contents
Product Code: EMEA43135818

IDC FutureScape Figure

Executive Summary

IDC FutureScape Predictions

  • Summary of External Drivers
  • Predictions: Impact on Technology Buyers
    • Prediction 1: Pushed by the Success of Early Adopters, Over 40% of Manufacturers Will Have Enterprisewide Digital Transformation Initiatives in Place by 2021
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 2: By 2022, 35% of Manufacturing Organizations Will Have Created New Ecosystems by Implementing AI- and Blockchain-Centric Platforms, Thus Automating 50% of Processes
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 3: By 2022, Driven by Rising Customer Expectations and Competition from the Platform Economy, 25% of Manufacturers Will Be Engaged in Cross-Industry Collaboration, Resulting in a 10% Revenue Increase
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 4: By 2020, to Increase Speed, Agility, Efficiency, and Innovation, 80% of Manufacturers Will Need to Extensively Restructure, Placing Data at the Center of Their Processes
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 5: By 2021, 60% of Manufacturers Will Have Empowered Shop Floor Workers with AR/VR, Intelligent Apps, and Cobots, Thus Achieving Productivity Gains of up to 7% and More Attractive Work Environments
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 6: By 2024, Over 60% of G2000 Manufacturing Organizations Will Rely on Artificial Intelligence Platforms to Drive Digital Transformation Across the Supply Chain, Leading to Productivity Gains of Over 20%
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 7: By 2022, Digital Technologies Will Have Enabled the Automation of Repetitive Operational Tasks, Leading to 50% Less Planner Intervention and "Touchless" Sales and Operations Planning
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 8: By 2024, 50% of Manufacturers Will Network Related Product and Asset Digital Twins into Digital Twin Ecosystems, for a Systems-Level View of Their Business and 5% Reduction in Cost of Quality
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 9: By 2021, 90% of Manufacturers Will Leverage Real-Time Equipment and Asset Performance Data to Self-Diagnose Issues in Advance and Trigger a Service Intervention to Avoid Unplanned Downtime
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 10: By 2023, 50% of the Spend on DX Initiatives in Manufacturing Will Come from Dedicated Digital Transformation Budgets, Instead of Traditional IT or LOB Budgets
      • Associated Drivers
      • IT Impact
      • Guidance

Advice for Technology Buyers

External Drivers: Detail

  • Rising Customer Expectations: More Convenience, Customization, and Control
  • Sense, Compute, Actuate: Turning Data into Value
  • Platforms, Platforms, Platforms: Industry Competes for Innovation at Scale
  • The Race to Innovate: Speed of Change, Delivery, and Operations Separates Thrivers and Survivors
  • Next Chapter of DX: Technology-Driven Transformation Altering Business and Society
  • Legacy Inertia: Retrofit the Old into the DX World
  • Emerging Autonomy: Learning to Live with AI

Learn More

  • Related Research
Back to Top