Manufacturing in the Cloud is part of Frost & Sullivan's Industrial Automation & Process Control Growth Partnership subscription, which offers clients unique insights into competitive dynamics, pricing strategies, demand trends, and technological development within the Industrial Internet of Things (IIoT), automation, process and welding sectors.
Click here for complimentary access to more information on this analysis and to register for a Growth Strategy Dialogue, a free interactive briefing with Frost & Sullivan's thought leaders.
To gain a competitive advantage and remain relevant in a dynamic marketplace, manufacturers should:
- Focus on workforce remodelling to bring in relevant Industrial Internet of Things skillsets;
- Transform from a product-driven to a focussed, data-driven service;
- Partner with information technology firms to drive co-optation. A mutually beneficial ecosystem will be essential to survive in the industrial cloud space;
- Overcome current challenges such as security over cloud, lack of awareness, and implementation complexities through cyber technology, workshops and a phase-wide implementation program.
"Developed economies like Europe and the US have the necessary infrastructure, resources and technology to adopt cloud in their manufacturing space. However, an ageing workforce and fragmented markets are a hindrance. Emerging economies such as Asia-Pacific have a large population that can be turned into a skilled workforce along with the Industrial Internet of Things initiatives aimed at improving operational efficiency. Here, legacy systems and the lack of sound Internet infrastructure are challenges that need addressing," noted Natarajan.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion
Manufacturing in the Cloud
Corporate Communications – Europe
P: +48 22 481 62 10
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/manufacturing-cloud-transforms-digital-services-creating-new-revenue-and-growth-opportunities-300368461.html
SOURCE Frost & Sullivan