Keywords: Enterprise Manufacturing Operational Intelligence (EMI), Industrial Internet of Things (IIoT), Analytics, Visualization, Big Data
According to a new ARC market research study, the market for Enterprise Manufacturing Operational Intelligence (EMI) software is growing in all regions of the world, driven largely by the need to enhance collaboration across enterprises, achieve operational excellence, and improve the bottom line.
The research also unveiled that newer technologies such as modern infrastructures/historians, mobility devices, and visualization tools also make the software easier to implement and use, further driving market growth. “The value industrial organizations obtain from implementing EMI software typically justifies the investment and trumps other applications,” commented Janice Abel, Principal Consultant at ARC Advisory Group and the author of “Enterprise Manufacturing Operational Intelligence Global Market Research Study”.
Despite a recent decline in oil prices and ongoing economic instability and risk aversion in some regions, ARC expects that industry dynamics will continue to drive overall EMI market growth in 2015 and beyond.
Time to Value Justifies the Investment
Due to current economic conditions, companies are placing increased emphasis on ROI and ROA to help reduce both risk and costs. Achieving and sustaining profitability in manufacturing is getting more challenging as the uncertainty and volatility in the cost of energy, raw materials, water, and other resources rise, and compliance and risk management become more complex. EMI suppliers have responded with tools, applications, and methods to help end users achieve higher ROI and faster time to value. These include improved interoperability and integration tools, modular software with “app-like” functionality, and templates. ARC research indicates that many users report that EMI implementations typically achieve payback within six to twelve months.
New Technologies Support Optimization
Manufacturing intelligence provides enormous benefits that can translate into operational excellence and higher profits for industrial organizations. The Industrial Internet of Things (IIoT), big data, analytics, mobility, dashboards, and other disruptive technologies all either depend on or serve as enablers for EMI solutions to help drive operational excellence and improve business performance. Furthermore, EMI suppliers are developing simpler, more intuitive applications and displays that match user experience to the end users’ specific roles or functions.
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