Key themes woven into our worldwide manufacturing top 10 predictions for 2019 include the focus on digital transformation (DX), manufacturing business ecosystems, supply chain management, product and service innovation, and smart manufacturing.
IDC FutureScape: Worldwide Manufacturing 2019 Predictions
Reid Paquin | IDC
Key themes woven into our worldwide manufacturing top 10 predictions for 2019 include the focus on digital transformation (DX), manufacturing business ecosystems, supply chain management, product and service innovation, and smart manufacturing. These predictions span the manufacturing value chain, as DX continues to be embraced by all parts of the business. This IDC study provides manufacturers with the top 10 predictions and underlying drivers that we expect to impact manufacturers' IT investments in 2019 and beyond. Technology leaders and their counterparts in the line-of-business (LOB) operations can use this document to guide their IT strategic planning efforts.
Over the next few years, we believe some of the most notable changes in the industry will be:
Prediction 1: Pushed by the success of early adopters, over 40% of manufacturers will have enterprisewide digital transformation initiatives in place by 2021.
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.
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.
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.
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.
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%.
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.
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.
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.
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.
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."
The content & opinions in this article are the author’s and do not necessarily represent the views of ManufacturingTomorrow
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