Digital Trends in the Manufacturing Industry, Global, 2019
Digital Trends in the Manufacturing Industry, Global, 2019
Gain a 360 Degree Perspective on Critical Success Factors
03-Jun-2020
Global
$3,000.00
Special Price $2,250.00 save 25 %
Description
Key Benefits of this Study:
Identify key business objectives in this industry and industry challenges
• Discover IT investment opportunities to address these objectives and challenges; find technologies that have been proven to reduce costs and generate revenue Benchmark with competition and other industry leaders
• Learn new ways to improve customer experience
• Determine successful strategies to develop and retain a best-in-class workforce
• Facilitate your digital transformation journey
The overall research objective is to measure the current use and future decision making behavior toward information technology (IT) around the globe in the Manufacturing industry, specifically: Enterprise Mobility Management, Digital Commerce, Unified Communications & Collaboration (UCC), Infrastructure and Data Centers, Cloud Communications, Analytics, Digital Marketing Solutions, Customer Experience Management, Cyber Security, Artificial Intelligence, Internet of Things, Blockchain (DLT), and Enterprise Information Management.
Frost & Sullivan aims to:
• Understand the IT-related challenges organizations face today
• Monitor the status of digital transformation
• Assess the current and future use of business communications technologies
• Evaluate factors that drive investments in communications technologies
• Gauge IT and communications trends
Manufacturing has been one of the most negatively impacted industries by the Covid-19 virus. The challenges that this industry was already facing have been amplified and new ones have emerged, making investments in digital solutions crucial to survive the next year. Safety standards now include social distancing, making production even more costly, especially for high-touch assembly lines. Travel has been limited for product managers, making quality control, and speed of production difficult. A major challenge in this industry has been building trust among all parties in the supply chain. Existing approaches cannot keep up with increasing customer demand due to the shift to on-line purchasing, which requires delivery to the door. In addition, production is often being shifted to make essential goods.
Improving customer experience was a top priority pre-Covid-19 as the need to meet customers’ demand for faster product delivery and quicker/better customer service became vital to gain a competitive edge. With more urgent matters taking precedence at the current time, this will be a lower priority. However, early adopters of transformative technologies are already gaining a competitive advantage; so this goal still needs to be top of mind.
With the right technologies in place, many of these obstacles can be tackled. This study covers the benefits of transformative IT/telecom technologies.
• Respondents ranked improving customer experience (CX) and satisfaction (42%), improving operational efficiencies (41%), and launching of new products and services (40%) as the top three business objectives for 2020. IT/Telecom investments in CX is a top priority as well, although this may slip in ranking in the near term due to other Covid-19 essential needs.
•Among transformative technologies, IoT is used by 68% of the respondents followed by AI (63%), and blockchain (51%). About 9% of respondents are not using any of these solutions.
• Improving the quality of products and services is the top reason for investments in IoT and AI. The cost of integration of these technologies is a main obstacle.
• Blockchain is expected to improve operational efficiencies, both internally and externally. The complexity of developing this solution is the top barrier.
• Investments in digital solutions will be accelerated so that manufacturing companies can survive the massive losses resulting from Covid-10 and to better manage future disruptions.
• Moving applications and databases to the cloud will be a key strategy over the next two years. Standards and policies in manufacturing operations can be synchronized in plants located in different countries. This will enable manufacturers to be more flexible and agile and take advantage of continuously updated and secure networks. This also allows companies to track data remotely and share information across the organization as well as with customers, distributors, and suppliers.
Table of Contents
Customer Research Objectives, Global, 2019
Research Methodology, Global, 2019
Benefits of this Analysis, Global, 2019
Survey Methodology, Global, 2019
Respondent IT Decision Maker Profile, Global, 2019
Respondent IT Decision Maker Profile, Global, 2019 (continued)
Respondent IT Decision Maker Profile, Global, 2019 (continued)
Covid-19 Impact on Manufacturing, Global, 2020
Covid-19 Impact on Manufacturing, Global, 2020 (continued)
Executive Summary, Global, 2020
Executive Summary, Global, 2020 (continued)
Business Objectives, Global, 2019 to 2020
Business Objectives by Region, Global, 2019 to 2020
Business Objectives by CEO vs. CTO/CIO, Global, 2019 to 2020
Top IT Challenges, Global, 2019 to 2021
Top IT Challenges by Business Size, Global, 2019 to 2021
Top IT Challenges by Region, Global, 2019 to 2021
Top IT Challenges by CEO vs. CIO/CTO, Global, 2019 to 2021
Top IT Drivers, Global, 2019 to 2021
Stage of Digital Transformation, Global, 2019
Top Business Processes to be Impacted by Digital Transformation, Global, 2019
Measuring Digital Transformation Success, Global, 2019
IT/Telecom Solutions Used Today, Global, 2019
IT/Telecom Solutions Investment Plan, Global, 2019
Primary Purchasing Channels of IT/Telecom Products/Services, Global, 2019
Factors Responsible for IT/Telecom Purchase Decisions, Global, 2019
Top Solutions at Risk of Being Replaced, Global 2019
Top Reasons for Installed IT Products to be Replaced, Global 2019
Top Security Concerns Regarding IT, Global, 2019
Key Technology Investments, Global 2018 to 2021
Digital Transformation in Use Today, Global, 2019
Digital Transformation Investment Plans Among Users, Global, 2019 to 2022
Digital Transformation Deployment Channel, Global, 2019
Stage of Digital Transformation, Global, 2019
Competitive Advantage of Digital Transformation, Global, 2019
Top Reasons for IoT Investment, Global, 2019
Top Concerns Regarding IoT, Global, 2019
Top Reasons for Investment in AI, Global, 2019
Top Concerns Regarding AI, Global, 2019
Top Reasons for Investment in Blockchain, Global, 2019
Top Concerns Regarding Blockchain, Global, 2019
Annual Revenues, Global, 2019
Company's Revenue Growth, Global, 2018 to 2019
IT/Telecom Budget, Global, 2019
IT/Telecom Budget Trends, Global, 2020
Company's Global IT Budget Allocation, Global, 2019
Growth Opportunities Post-Covid-19, Global, 2020
Growth Opportunities Post-Covid-19, Global, 2020 (continued)
Growth Opportunities Post-Covid-19, Global, 2020 (continued)
The Last Word—Three Big Predictions
Legal Disclaimer
Frost & Sullivan Digital Transformation Framework
Digital Transformation Framework—Digital Ecosystem
Digital Transformation Framework—Business Functions
Digital Transformation Framework—Business Models
The Frost & Sullivan Story
Value Proposition—Future of Your Company & Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy
Related Research
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No Index | No |
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Podcast | No |
Author | Alpa Shah |
Industries | Information Technology |
WIP Number | 9AC2-00-57-00-00 |
Is Prebook | No |
GPS Codes | 9705-C1,9AA5-C1,9658,9855-72,9A3A,9B07-C1 |