This IDC FutureScape provides the Asia/Pacific excluding Japan (APEJ) regional context for the IDC Manufacturing Insights worldwide predictions for innovation in products and services in 2016. This FutureScape provides 10 predictions for innovation in manufacturing in 2016 and for the next few years. For each prediction, it will present the organizational level of impact and the relative complexity of implementation.
Innovation continues to be the top business priority in APEJ manufacturing. In today's competitive world, a top-line focus on revenue, its growth, new business models, and revenue streams is important. Innovation in products and services is the key driver for this change to happen. "Digital transformation" is the mechanism for this change as organizations integrate business processes with their portfolio of products and services using technology.
The challenges faced by companies to invest in innovation is the lack of tangible business benefits, business models with a sound ROI and skill sets to plan and implement the transformation. This pushes companies to invest in areas such as factory automation with measurable metrics. But with the push from governments and corporates towards innovation and the growing level of technology maturity, the APEJ region is starting to see an increase in the focus to innovate. Innovation cannot be only incremental improvements to existing offerings. New product categories and market segments need to be created. Emerging technologies play a key role here by offering another dimension to innovation by bundling software in all aspects of an enterprise today, from products to processes and people.
This IDC FutureScape provides 10 technology-related predictions that companies in APEJ will adopt to innovate and stay competitive globally. Countries like China, are fast movers in technology adoption becoming a leader in specific areas of automation. This report is a follow up to the recently published IDC FutureScape on the overall manufacturing implications for APEJ manufacturing (IDC #AP40534215).