Keywords: Information Technologies, Cloud Computing, Mobility, Social Technologies, Internet of Things, Big Data/Analytics, 3D Visualization.
New information technologies such as cloud computing, mobility, social technologies, Internet of Things, big data/analytics, and 3D visualization have been getting a lot of attention in the industrial community. The reason is that each of these technologies and probably a few others as well, has the potential to disrupt and radically change the way manufacturers do business. Still, manufacturers tend to be conservative and slow to embrace new information technologies. When they do, they often demand concrete references from industry pioneers, together with hard ROI business cases, before considering any information technology investment.
However, this go-slow strategy can be far riskier than anticipated. New information technologies may disrupt not only what happens within the four walls of a plant, but entire business processes throughout the supply chain and across the value network, and do so in fairly short order. The manufacturing environment is increasingly dynamic and volatile. New business models such as "Industry 4.0", "Industrial Internet", "Connected Manufacturing," and "Collaborative Value Networks" are emerging. In addition to a host of potentially disruptive technologies entering the marketplace, companies must also face rapid changes in government regulations, energy and raw materials availability, markets, and competition. By deploying leading edge information technologies, today's companies can thrive.
New competitors in new markets, unencumbered by legacy systems, may leapfrog to the latest technologies and, based on the new capabilities provided, serve their markets in completely new ways. Existing competitors may seek to leverage technologies to attract your customers with better products and services. Customers will soon expect products themselves to be more intelligent (consider the advent of the "connected car" and the "self-driving car") and accompanied by a portfolio of software and services from manufacturers.
Manufacturers that choose to stay at the back of the information technology pack will find it becoming increasingly difficult to reverse that decision.
Table of Contents
A Twenty-First Century Approach to Technology Adoption
Disruptive Information Technologies
Putting Information to Use: Information-Driven Manufacturing
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