ABI Research’s New Industrial Solution Guides Manufacturers Through Digital Transformation
18 technologies help digitize operations to create better products at lower costs.
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January 18, 2019
To help companies in the digital transformation, ABI Research delivers its Industrial Solution with the main goal of enabling manufacturers to become profitable by creating better products at lower costs, according to the company.
“The industrial market can no longer scale manufacturing operations by simply adding more workforce, more shifts, expanding factory floors or dropping prices,” says Stuart Carlaw, chief research officer at ABI Research. “That’s because of global competition, lack of energy, an insufficient labor pool, a convoluted supply chain and global sourcing environment, as well as high amounts of customization put pressure on tooling and reconfiguration. Furthermore, batch runs are getting smaller, thereby manufacturers are getting less lift out of every order.”
ABI Research’s Industrial Solution encompasses 18 modules that are composed of transformative technologies that are interdependent yet not obvious. “When you look at digital transformation in the factory space, it’s not just one technology operating in isolation―it’s one technology that builds upon another and another and another,” says Carlaw. “ABI Research has found direct linkages between a number of different technologies. For instance, implementing a smart manufacturing platform to eliminate machine downtime, then adding a visualization and simulation package to optimize real-time processes and to bring more machines online by retooling them quickly.”
All the modules will be released during the next 18 months beginning in January 2019 through June 2020. Each module will include four main research deliverables that are released methodically throughout a three-month period, providing quantitative and qualitative reports to give subscribers of this solution a step-by-step strategic direction:
Research Analysis reports: Provide a thematic understanding of the market and a solid grounding within a specific technological development; available as Application Analysis and Technology Analysis reports.
Market Data spreadsheets feature deep quantitative research focusing on what market sizes look like.
Competitive Assessment reports: Rate individual manufacturers’ performances against their competitors and help answer strategic partnership questions: Who should a company partner with? Who should a company be aware of? Who should a company avoid?
Total Lifetime Value Calculator spreadsheets can allow companies to personalize their own perspectives and make business cases that are bounded in a project relevant to what they are specifically accomplishing.
“Total Lifetime Value Calculators give companies the tools to clearly understand how digital transformation initiatives can impact a business in a real-world setting,” says Carlaw. “The TLVCs also provide valuable guidance on how different initiatives can fit together to provide long term uplift; it’s not just about efficiency in the short term.”
The 18 modules include:
- 5G for Industrial Applications
- Additive Manufacturing in Industrial Applications
- Artificial Intelligence in Industrial Applications
- Augmented Reality in Industrial Applications
- Autonomous Material Handling in Industrial Applications
- Blockchain in Industrial Applications
- Bluetooth and Wi-Fi for Industrial Applications
- Collaborative Robots in Industrial Applications
- Data Management in Industrial Applications
- The Future of Reductive Manufacturing and Casting
- Generative Design in Industrial Applications
- Industrial IoT
- LPWA in Industrial Applications
- Machine Vision in Industrial Applications
- Next Generation Metrology and Inspection in Industrial Applications
- Next Generation Positioning & Location for Industrial Applications
- Smart Manufacturing Platforms
- Virtualization, Visualization and Simulation in Industrial Applications
Industrial Solution subscribers also receive Executive Foresights, one-to two-page executive summaries driven mostly by recent, news events and often include technology forecasts, as well as Analyst Inquiry, 30-minute phone calls with an analyst to address market dynamics, forecasts and competitive landscapes.
Sources: Press materials received from the company and additional information gleaned from the company’s website.
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