TECHNOLOGY IS HAVING IT'S GLORY DAYS
The American Technology Council is taking a active role in ways to modernize the US Government.
Recently, in the news — the President has brought together, the leaders of major drone manufacturers, wireless companies and venture capital firms in an effort to facilitate how the U.S. government can help advance emerging technologies.
The White House is actively seeking out the brains behind some of Silicon Valley’s most cutting-edge devices and services for advice on what regulators can do to catalyze more investment in their industries.
On the other hand, the disruptive technology of blockchain is challenging the different industry segments to re-imagine their business model to enhance tomorrow's potential and induce greater profitability. A much used analogy is the internet — those who danced with the change, carved out new products and business models. Every single industry segment will be impacted by this blockchain technology—finance, manufacturing, insurance, oil and heavy industries — you name it.
A big chunk of our clients owe their segmentation to the Technology Sector— cloud computing, cyber security, fintech, IIOT (Industrial Internet of Things), wireless and so forth. The other big block is the Manufacturing Sector, that we cater to. We forward this infographic for the benefit of our clients and our prospects who are on the disruptive crossroads of phenomenal change and glorious opportunity in the coming years — how manufacturing can use emerging technologies to generate revenue, increase efficiencies, reduce costs, gain competitive advantage, and ensure regulatory compliance
The predictions are based on the publication: IDC FutureScape: Worldwide Manufacturing 2017 Predictions.
Only 30% of Manufacturers Investing in Digital Transformation will be able to Maximize the Outcome; the rest are held back by outdated business models and technology
60% of large manufacturers will charter a new course by extracting new revenue from information-based products and services, while Embedded Intelligence will drive the highest profitability levels
GUARANTEED GROWTH OPPORTUNITY FOR TECHNOLOGY COMPANIES TRADING IN AI, IIOT, CLOUD COMPUTING, CYBER SECURITY
Proliferation of connected information, instrumentation, and Decision Cloud Ecosystem Networks will drive manufacturers to redesign their security architectures
75% of large manufacturers will update their operations and operating models with IoT and Analytics-Based Situational Awareness to mitigate risk and speed time to market
35% of large global manufacturers with Smart Manufacturing Initiatives will Integrate IT and OT Systems to achieve advantages in efficiency and response time
40% of G2000 Manufacturers will use Design Democratization and Collaborative Innovation to meet corporate targets for revenue from newly developed products and services
MANUFACTURES BENEFIT BY DELIGHTING CUSTOMERS
Manufacturers are set to capture 20% more aftermarket revenue by using Product and Service Quality Measures to enhance customer experiences
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
MEGA GROWTH OPPORTUNITIES FOR AUTOMATED ASSISTANCE TECHNOLOGIES AND AERIAL ROBOTIC PLATFORMS
60% of plant floor workers at G2000 Manufacturers will work alongside automated assistance technologies, such as Robotics, 3D Printing, AI, and AR/VR
By the end of 2020,
50% of all manufacturing Supply Chains will have the capability, either in-house or outsourced, to enable Direct-to-Consumption Shipments and Home Delivery
WITH AN ANTICIPATED 22.5 BILLION DEVICES DUE TO BE CONNECTED TO THE INTERNET BY 2021, HERE ARE SOME PHENOMENAL TECHNOLOGY GROWTH PREDICTIONS FROM THE INDUSTRY EXPERTS
Bain predicts that by 2020 annual revenues could exceed $470B for the IoT vendors selling the hardware, software and comprehensive solutions.
McKinsey estimates the total IoT market size in 2015 was up to $900M, growing to $3.7B in 2020 attaining a 32.6% CAGR. The Internet of Things (IoT) has a potential economic impact of $2.7 to $6.2T until 2025.
General Electric predicts investment in the Industrial Internet of Things (IIoT) is expected to top $60 trillion during the next 15 years.
IHS forecasts that the IoT market will grow from an installed base of 15.4 billion devices in 2015 to 30.7 billion devices in 2020 and 75.4 billion in 2025.
There is no denying technology is soon to invade every corner of our trade and our living. Ray Starling, special assistant to President Donald Trump, for Agriculture, aptly says, “Even in American agriculture, technology is the key to better yields and more returns. Those farmers in the coming years will have to learn “not only how to turn a wrench, but also how to write code and rewire circuit boards.”
To the coming economic boom. Happy Trading!
IoT platforms: enabling the Internet of Things, March 2016 (free, opt-in, PDF)
Internet of Things 2020: A Glimpse into the Future by Alex Blanter and Mark Holman.