ABI Research’s Hannover Messe 2018 report details how industrial market is ripe for digitization

Via ABI Research Media Releases

May 4, 2018

Oyster Bay, New York - 03 May 2018

The industrial market is ripe for digitization, and the impetus for aggressive pursuit is present, announced ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies.

ABI Research had several analysts from its Industrial research group on-site at the Hannover Messe 2018 conference in Hannover, Germany between April 23-27, 2018, and their observations have been compiled into eight brief reads: “Digital Transformation & Industry 4.0: Hannover Messe 2018 Report.”

The impact of technology and the pursuit of digitization was evident in full at the Hannover Messe conference. Some noteworthy findings from the whitepaper include:

  • The industrial market is ripe for digitization, and the impetus for aggressive pursuit is present. Rather than market-based pain being the driving force, dwindling capacity headroom and a fear of losing competitive edge to a rival are forcing manufacturers to actively pursue a different model for driving profitability and growth.
  • There is a clear timeline for applications and market segments that look set to form the vanguard of digitization. These are led by car makers and consumer electronics manufacturers.
  • The manufacturing base is faced with several confusing decisions, and the supplier base is adding to the confusion, centered primarily around architecture and approach to digitization.
  • Platform proliferation is a problem. However, all platforms are not created equal. Very few are truly end-to-end, and many do not integrate easily with one another. Consequently, manufacturers must continue customizing and optimizing solutions to provide a truly integrated end-to-end solution.
  • There is real concern over data ownership, management, and location from the manufacturer community, and still a massive desire to hold sensitive data on-premises and in closed-loop environments.
  • The debate between edge and cloud computing is almost religious in its fervor. Successful technology providers will find the way to balance these approaches in the most optimized way for their clients.

In the report, “Digital Transformation & Industry 4.0: Hannover Messe 2018,” the following compelling transformative technologies impacting Industry 4.0 are highlighted:

Download the complete report at http://info.abiresearch.com/hannover-messe-industry-4.0

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