“Organisations will take decisions on which existing applications to support, upgrade or sunset and in that process, prioritise investments in emerging technologies,” said Christopher Holmes, Managing Director at IDC Insights Asia/Pacific.
Innovation is a top business priority in the region but companies face challenges to fund investments in innovation processes due to unclear return-on-investment (ROI), preferring to rather invest in factory automation with tangible benefits, IDC said. Basic infrastructure continues to be a show stopper, causing APeJ to lag behind the adoption off global technology trends.
“Technology has started playing an integral role in digital transformation as businesses adopt it in order to deliver business growth,” said S Ramachandran, Principal Research Manager at IDC Manufacturing Insights Asia Pacific. IDC also believes that Operating Model Transformation will be the most impactful change as companies realise that connected assets can be leveraged beyond performance feedback and predictive maintenance. They will realise that new and creative revenue streams and business models that are service-based across the entire life-cycle of products are possible.
These insights are part of the top ten technology predictions for manufacturing recently published by IDC titled IDC FutureScape: Manufacturing 2016 Predictions - APeJ Implications, namely:
#1: Customer-centric investments. Companies will start leveraging digital channels for closer customer connect in both B2C and B2B scenarios to gain two to three percentage points more in market share.
#2: Global standards. APeJ will not just be an adopter of global standards but collaborate and start broadcasting best practices as a region.
#3: Value realisation. Organisations will be under pressure to realise value from past investments to prioritise spending on emerging technologies, with new metrics such as percentage of connected assets.
#4: Operating model transformation. Technologies such as Internet of Things will lead to enterprise-wide connectivity of products, people, and processes enabling business models such as product-as-a-service.
#5: Modern logistic networks. Half of manufacturing companies will leverage upcoming technologies such as 3D printing, warehouse automation, robotics and micro-logistic networks for postponement strategies.
#6: Supply chain resiliency. Real time market insights and visibility will make short term forecasting obsolete. There will be a gradual shift towards pull-based models based on actual demand.
#7: Innovation platform. The next phase of product lifecycle management (PLM) will be integrated with other enterprise systems for some 60% of top manufacturing companies which reported product quality as the key driver.
#8: Digital twins. Four in 10 companies will use virtual simulation models from products to processes and facilities with real time feedback of performance in the next one to two years.
#9: Innovation on the shop floor. Half of manufacturing companies will create mashups of emerging technologies from mobility to cloud, analytics and IoT for shop floor digitisation and modernisation.
#10: IT talent. New multidisciplinary roles such as process analyst or process architect will emerge to understand, consolidate and meaningfully consume insights from the vast amount of data available for quick decision making.
"Market leaders in APeJ will be innovative in overcoming regional challenges to keep the lights on while leveraging their inherent strength, partnerships and local advantages to get multiple stake holder buy-in, prioritise funding and implement impactful mashups of the 3rd Platform and innovation accelerators integrated with the other enterprise systems for digital transformation,” Ramachandran concluded.
The Manufacturing 2016 Predictions – APeJ Implications report will be followed by IDC FutureScape – Product and Service Innovations 2016 Predictions, IT spending forecasts and patterns, country specific research reports and technology deep dives starting January next year.
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