IDC FutureScape: Worldwide Manufacturing 2024 Predictions

Description

This IDC study provides manufacturers with the top 10 predictions and underlying drivers that we expect to impact manufacturers' IT investments in 2024 and beyond.According to Simon Ellis, group vice president, U.S. Manufacturing Insights, U.S. Energy Insights, and Global Supply Chain Strategies at IDC, "The manufacturing industry has maintained its rapid pace of change and disruption, making the ability to adapt a premium. Manufacturers have encountered many challenges in their efforts to become more resilient while maintaining efficiency, but one of the most cited issues are outdated/legacy systems. While the predictions highlighted touch upon many areas of the business, the main theme can be tied back to having the proper digital infrastructure in place to serve as the foundation for meeting challenges and taking advantage of opportunities."

Product Code: US51276023

IDC FutureScape Figure

Executive Summary

IDC FutureScape Predictions

Summary of External Drivers
Predictions: Impact on Technology Buyers
- Prediction 1: By 2026, 90% of G2000 Organizations Will Augment Operational Roles with Automation Technology, Elevating Employee Engagement and Unlocking a 30% Increase in Worker Efficiency
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 2: By 2027, 35% of G2000 Companies Will Use Supply Chain Orchestration Tools Integrating Key Suppliers/Customers That Include Digital Twin Capabilities, Improving Supply Chain Responsiveness by 15%
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 3: By 2025, to Promote Personalized Products as Added Value, 30% of G2000 Manufacturers Will Fully Utilize AI/ML for High-Mix, Low-Volume Production
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 4: By 2028, 65% of the G2000 Will Look to Autonomous Service Parts Planning for Improved Mean Time to Repair, Driving 25% Better Service Delivery Through Optimized Customer or Operator Asset Productivity
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 5: By 2026, 75% of G2000 Organizations Will Have a Digital Commerce Platform in Place for Ecosystem Operation, Driving a 10% Higher Data Capitalization Rate and Improving Customer Retention by 20%
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 6: By 2026, Half of G2000 Companies Will Integrate Operational Systems with GenAI to Better Ingest Data, Identify Issues, and Provide Real-Time Context to Operators, Improving Efficiency by 5%
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 7: By 2025, 25% of CIOs Will Also Have the Role of Chief Ecosystem Officer, Orchestrating IT and Business Across Their Ecosystem to Meet Customer Needs and Lower Cost of Ecosystem Participation by 25%
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 8: By 2025, 75% of G2000 Companies Will Have Strategies in Place to Better Balance Operational Resiliency with Cost Efficiency, Thus Improving Margins by 5%
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 9: By 2028, the Integration of AI/ML into Robotic and Automation Routines Within Industrial Operations Will Increase by 30%, Driving Higher Efficiencies and a 10% Reduction in Downtime
  - Associated Drivers
  - IT Impact
  - Guidance
- Prediction 10: By 2027, 40% of G2000 Companies Will Be Using Comprehensive Ecosystem Sustainability Data to Make Decisions Across the Full Range of Operations, Reducing Carbon Footprint by 30%
  - Associated Drivers
  - IT Impact
  - Guidance

Advice for Technology Buyers

External Drivers: Detail

AI Everywhere - Generative AI Takes the Spotlight
The Drive to Automate - Maximizing Efficiency and New Opportunities
Economic Uncertainty - IT Malaise and Market Volatility*
Global Supply Chain Resiliency - Push for Diversification
The Digital Business Imperative - Competitiveness and Outcomes
Dynamic Work and Skills Requirements - New Work Mode Era
Operationalization of ESG - Measuring and Implementing Sustainability

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