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Shaping the future of software driven business
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The global manufacturing industry is cautiously upbeat with increased output and
higher capacity utilization even as it grapples with global trade tensions, strained supply
chain, and skills shortage. These factors are driving higher M&A activity and adoption of
digital technologies to expand capacity and mitigate risk.
Data analytics, Internet of Things (IoT), ERP systems, and customer collaboration are
the key technologies and applications that companies will invest in as they look to build
technology-driven business models and prepare for the fourth industrial revolution.
The ongoing digital transformation of the Industrial sector has made the concept of the
‘Digital Twin’ a reality for many organizations. Manufacturers are now able to maintain
near-real-time, all-digital versions of their physical products, which accelerates time to
market and reduces development costs, among other benefits.
Manufacturers are embracing a broader product lifecycle approach, emphasizing the
need for clean, comprehensive data and a complete integration of legacy support
systems, ensuring that data is available when and where it is needed.
The Industrial sector has begun moving away from on-premises solutions towards
public, private, or hybrid cloud arrangements, allowing them to drastically reduce costs
while improving operational performance.
Perspective
Industrial