Digital Transformation in Manufacturing Gains Momentum
“Our latest survey shows that enterprise intelligence technology solutions such as data management, analytics, machine learning and AI technologies are considered significantly (24%) or very helpful (33%) by manufacturers in EMEA when it comes to achieving business resiliency.”
Supply Chains: The Localized Manufacturing Advantage
According to Gartner study findings, only 21 percent of survey respondents are willing to consider or adopt early-stage technologies. However, even cautious supply chain leaders must keep an open mind and embrace long-term perpetual change. This is the path to rapid progress and growth.
Discover the Top 10 IoT Applications in 2020
The 2020 analysis of Internet of Things application areas shows that of the 1,414 public enterprise IoT projects identified, Manufacturing / Industrial settings are most common (22%), followed by Transportation / Mobility (15%) and Energy IoT projects (14%).
via IoT Analytics
Data Management Analytics Spend will Reach $19.8 Billion
More CIOs and CTOs are seeking actionable insight from the new technologies that are driving digital transformation within the industrial and manufacturing sectors. Manufacturing plants generate mountains of data throughout the day, every day. That data is a valuable asset.
5G Core and Edge Networks Fuel Digital Transformation
The emerging market for 5G cellular connections in manufacturing is expected to reach $10.8 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 187 percent, according to the latest worldwide market study by ABI Research.
How COVID-19 is Impacting Global Manufacturing IT
“Manufacturing will be among the industries to be most negatively affected by the evolving humanitarian crisis caused by COVID-19. We expect the pandemic to heavily disrupt both the demand behavior as well as the supply and capability of companies to deliver goods to the market.” But it’s also an opportunity for CIOs and IT innovation.
How Coronavirus Disruption Impacts the Tech Sector
“IDC said the coronavirus outbreak could exacerbate an expected decline in shipments of PCs. The research firm forecasts that worldwide PC shipments will fall 9% in 2020 from the previous year, compared with earlier projections of a 6.8% decline.”
Why New Technology Skills Drive Economic Development
In 2018, there were more than 40,000 industrial robots deployed across U.S. factories — a 22% increase from the year prior. The World Economic Forum’s ‘Future of Jobs’ report noted that machines and algorithms will contribute 42% of total task hours in 2022.
Global Upside for Robotic Systems and Drones Market
Global spending on robotic systems and drones will reach $128.7 billion in 2020 — that’s an increase of 17.1 percent over 2019, according to IDC. By 2023, IDC expects the investment will reach $241.4 billion with a compound annual growth rate (CAGR) of 19.8 percent.
Economic Impact of Automation and Big Data Analytics
Today’s factories run on data. To harness that data, manufacturers are turning to software applications such as Electronic Resource Planning (ERP), Manufacturing Execution Systems (MES), Manufacturing Operations Management (MOM), Product Lifecycle Management (PLM), Inventory Management, and CRM and Demand Planning.
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