IDC Makes IT Predictions for Manufacturers
By 2020, 60 percent of manufacturing workers will work alongside robots. This is just one of the insights revealed by IDC Manufacturing Insights new report, "IDC FutureScape: Worldwide Manufacturing 2017 Predictions," which provides manufacturers, including those in the consumer goods world, with the top 10 predictions and underlying drivers expected to impact IT investments in 2017 and beyond.
Key themes woven into the predictions for 2017 include the need for digital transformation, new ways of innovating, more integrated IT and operations, business security, and rethinking the future of work.
"While the predictions largely focus on 2017–2020, the impact of many of these will be felt for years to come," said Kimberly Knickle, IDC Manufacturing Insights' research vice president. "Most predictions refer to a continuum of change within the wider ecosystem of the manufacturing industry and global economy."
The top 10 predictions are:
1: By 2018, Only 30 percent of manufacturers investing in digital transformation will be able to maximize the outcome; the rest are held Back by outdated business models and technology.
2: By 2019, 75 percent of large manufacturers will update their operations and operating models with IoT and analytics-based situational awareness to mitigate risk and speed time to market.
3. By 2018, 60 percent of large manufacturers will bring in new revenue from information-based products and services, while embedded intelligence will drive the highest profitability levels.
4. By 2020, manufacturers will capture 20 percent more aftermarket revenue by using product and service quality measures to enhance customer experiences.
5. In 2019, 40 percent of G2000 manufacturers will use design democratization and collaborative innovation to meet corporate targets for revenue from newly developed products and services.
6. By the end of 2020, 50 percent of manufacturers will derive business value from the integration of supply chain, plant operations, and product and service life-cycle management.
7. By 2020, 60 percent of plant floor workers at G2000 manufacturers will work alongside automated assistance technologies such as robotics, 3D printing, artificial Intelligence, and augmented/virtual reality.
8. By 2018, a proliferation of connected information, instrumentation, and decision cloud ecosystem networks will drive manufacturers to redesign their security architectures.
9. By 2019, 35 percent of large global manufacturers with smart manufacturing initiatives will integrate IT and OT systems to achieve advantages in efficiency and response time.
10. By the end of 2020, 50 percent of all manufacturing supply chains will have the capability, either in-house or outsourced, to enable direct-to-consumption shipments and home delivery.