Manufacturing Industry 4.0 Requires CIO Foresight to Modernize Current Ecosystem, Says New Report from Info-Tech Research Group – PR Newswire
“In almost all industries, there are weaknesses in the workforce, and the manufacturing sector is the slowest to recover, ” says Kevin Tucker , Principal Study Director and Practice Lead in Info-Tech’s Manufacturing, Supply Chain, plus Logistics practice. “Currently, many manufacturing operations require staff to be physically on location. inch
Manufacturing businesses are traditionally slow to adopt new technology, but the industry’s technology adoption rate has increased rapidly since the particular onset of the pandemic. The number of connected devices is projected to increase to 25 billion by 2030 through 7. 74 billion . Organizations can no longer view reshaping the ecosystem as optional, and manufacturing businesses must shift from slow today to fast tomorrow.
“The manufacturing industry must realize that it cannot afford to be complacent, ” explains Tucker. “The path to implementing the new trends will be rocky, with the greatest barriers being fear of job loss, scarce resources, increased competition, and difficulty getting the business in order to make consistent investments. inch
Four Trends from Info-Tech’s Manufacturing Industry 4. 0 Trends Report:
Info-Tech’s approach, outlined within the report, focuses on the investigation of strategic foresight, a methodology that provides clarity about what is happening in the organization’s external environment and guides toward a solution. The tactical foresight methodology identifies signals that, when clustered together, form trends and drivers that can be used to determine which strategic initiatives will lead to success.
“The role of the manufacturing business executive is in a state of turmoil as the markets have become highly volatile plus technology is usually surging. The landscape offers changed, ” says Tucker. “The Production CIO needs to be a technology thought leader and the master communicator to ensure that the particular business clearly understands the importance of a business-wide technology reshaping strategy. inch
The following four advanced manufacturing styles outlined in Info-Tech’s research should be top of mind for IT leaders and executives within the production industry over the coming months:
- Modernization – Moving to Business 4. 0 to Create Great Experiences . The particular typical manufacturing business provides applications and services that are often 20-30 years old; however , the new generation of workers expects everything to become automated.
- Disruption – Creating a Scaled-Down and Intelligent Model for Rapid Market Share. A new breed associated with manufacturing with microfactories plus intelligent systems is enabling niche players to become relevant quickly.
- Resiliency – Market Proofing the Business with regard to Continuous Provide. The lesson from COVID-19 is to have a diverse supply chain that blends onshore and off-shore. Lean is good during best-case times but not whenever supply string channels are choked.
- Green Manufacturing – Circular Manufacturing along with Clean Energy Management. Environmental, Social, plus Governance (ESG) issues are at the forefront of every business’ vocabulary, and they will soon become vital for the company to maintain relevance.
The report highlights that the ownership of an environmentally friendly, smart, circular production technology process will reduce the burden and potentially solve the labor shortage challenges by:
- Elevating personnel to high-value roles
- Enhancing the quality of repetitive processes plus product development
- Driving up operational efficiency
- Reducing work and carbon footprint
According to Info-Tech’s Durable Goods Manufacturing Benchmarking Report , IT strategies in the manufacturing space lag behind other industries, and much focus is still centered around large legacy applications. This problem is definitely magnified by the onset of staffing plus retention issues, which are usually difficult to resolve for reshaping the environment.
“Many technologies trends possess accelerated the particular pressures CIOs feel about the strategic decisions they must make, ” says Tucker. “IT needs to keep the lights on, but now they should also accelerate technology re-homing and obviously understand the particular long-term impacts of the emerging developments. ”
By leveraging new technology such as Industry four. 0, the particular IT organization must shift its weight to focus on strategy and applications. The biggest challenge regarding IT would be to get the skilled employees for that move to the brand new ecosystem. However , those that are able to overcome the difficulties will establish credibility with business stakeholders as transformational innovators.
The particular trends report also provides recommendations, business capability maps, and case studies intended for each from the trends that manufacturing IT leaders can use to transform their durable goods production business technology initiative into a reshaping the particular ecosystem technique.
The comprehensive report is now available. Download and read the full Reshaping the Ecosystem to get Industry 4. 0 & Industry Next report in order to learn more about each trend.
About Info-Tech Research Group
Info-Tech Research Group is one of the world’s leading information technology analysis and advisory firms, proudly serving more than 30, 000 IT professionals. The company produces unbiased and extremely relevant research to help CIOs and IT frontrunners make proper, timely, plus well-informed choices. For twenty five years, Info-Tech has partnered closely with IT teams to provide them along with everything they need, through actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.
Media professionals can register for unrestricted access to study across THIS, HR, and software plus over 200 IT and Industry analysts through the ITRG Media Insiders Program. To gain access, contact [email protected] .
SOURCE Info-Tech Study Group