High opportunity for service providers in digital manufacturing
Manufacturers are leveraging IoT technologies that integrate manufacturing assets with embedded sensors, advanced analytics, AI and cognitive computing to generate digital intelligence across the entire value chain. Manufacturing value chain is transforming from a static sequence to a dynamic, interconnected system that can more readily incorporate digital factory use-cases and new-age ecosystem partners. Manufacturers are actively modernizing their legacy systems and integrating modern IoT and analytics platforms to build an end-to-end connected factory solution.
Daicel Corporation, a global manufacturer of chemical products and a major manufacturer of airbags, collaborated with Hitachi Vantara to co-develop an image analysis system that can detect operational failure in production line and identify deviations in labour process on their manufacturing lines. Service providers can capitalize the ~$ 100 Bn digital manufacturing opportunity by offering predictive maintenance, Application development, connected platform development, Data management, cognitive manufacturing, & MES/MOM integration solutions.
What you should do now