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Connected Manufacturing: Understanding The Opportunity

Connected Manufacturing: Understanding The Opportunity
Consumer Goods

By leveraging connected manufacturing technologies, manufacturers can quickly respond to the needs of their customers and partners

PSFK Labs
  • 18 july 2017

Manufacturers have been aware of the impeding force of the fourth industrial revolution—the fusion of physical and digital manufacturing processes—for some time, but have nonetheless been hesitant to introduce their supply chains to digital frameworks. Thanks to advancements in cloud connected technologies and a reduced implementation cost, these technologies are more accessible and impose less of a risk for today’s industrial leaders to adopt.

IDC MaturityScape: Manufacturing Service Innovation, 20161

Cloud computing for the supply chain will be worth $4.4 billion by 2019.

“Supply Chain Management In The Cloud.” Accenture, 20162

By the end of 2020, 50% of manufacturers will derive business value from the integration of supply chain, plant operations, and product and service life-cycle management.

“Why IDC Manufacturing Insights for Digital Supply Chain.” International Data Corporation, 20173

Connected And Responsive

With today’s accelerated market pace, increased supply chain complexities and new patterns of consumer engagement, manufacturers need to replace traditionally siloed manufacturing practices with active, forward-thinking solutions. By leveraging connected manufacturing technologies, like IoT sensors and real-time communication software, in their supply chains, manufacturers can achieve better understanding of their operations and quickly respond to the needs of their customers and partners.

Enhanced sensing and monitoring, seamless transmission of digital information and advances in analyzing data and trends have potential annual benefits greater than $10 billion per year.

Smart Manufacturing. NIST, 20164

73% of manufacturers state that cloud solutions had improved their level of insight into their businesses.

2016 State of Manufacturing Technology Report. Plex, 20165

72% of manufacturing enterprises predict their use of data analytics will substantially improve customer relationships and customer intelligence along the product life cycle.

Industry 4.0: Building the Digital Enterprise. PWC, 20166

Manufacturing costs will be reduced 10-20% by advanced robotics, cobotics, better OEE and staff flexibility.

Digital Factories: The Renaissance of the US Automotive Industry. Fraunhofer Institute for Manufacturing Engineering and Automation (IPA), Roland Berge, 20167

Click here to download the full free report, with expert insights, key scenarios and enabling technologies. 

The 30+ page report includes:

  • Insights into the evolving manufacturing landscape and how to prepare for increased supply chain pressure
  • 5 forward thinking scenarios illustrating the digital landscape
  • 10 trends shaping connected manufacturing
  • Four industry disruptors influencing makers
  • Actionable takeaways for business and information technology decision makers

In partnership with Microsoft, PSFK presents the Future Of Manufacturing report, an opportunity playbook that explores a new era of supply chain management and the technologies that enable faster, more agile manufacturing operations. Tune into psfk.com for a 10 week in-depth look at expert insights, key findings and detailed scenarios, or download the full report here.

Manufacturers have been aware of the impeding force of the fourth industrial revolution—the fusion of physical and digital manufacturing processes—for some time, but have nonetheless been hesitant to introduce their supply chains to digital frameworks. Thanks to advancements in cloud connected technologies and a reduced implementation cost, these technologies are more accessible and impose less of a risk for today’s industrial leaders to adopt.

+future of manufacturing
+IoT
+manufacturing
+Public
+sensor
+supply chain

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