Technology-oriented value chain (TOVC) manufacturers in the Asia/Pacific excluding Japan (APeJ) region face the relentless, concurrent challenges of lower-cost competition, decreasing margins, supply-chain complexity, and growing demand of customers. IDC believes these challenges are driving transformational changes in the way products are designed and brought to market, as well as a repositioning of aftersales service to a profit center.
"The good news is that technology for product and service innovation has advanced considerably in recent years to help forge a closer connection among product design, engineering manufacturing, and service. Manufacturers should prioritize investment in new technologies, including cloud, big data, mobility, Internet of things (IoT), and automation. The appropriate metrics should be put in place to evaluate the value of these technologies. Last but not least, smart manufacturing enabled by cyber-physical system (CPS) would be critical to realize all transformation and innovation," says Yves Wang, senior research manager, IDC Manufacturing Insights.
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