target audience: TECH SUPPLIER Publication date: Aug 2023 - Document type: Taxonomy - Doc Document number: # US51058423
IDC's Worldwide Digital Transformation Use Case Taxonomy, 2023: Technology-Oriented Value Chains in the Manufacturing Industry
This IDC study discusses how technology-oriented value chains (TOVCs) are on a mission to digitally transform to create integrated products and services in such a way that innovation accelerates and enables additional revenue throughout the product life cycle, without negatively impacting the ability to scale to profitable volumes.
According to Simon Ellis, group VP, IDC Manufacturing Insights, "Technology-oriented value chains are in a state of recovery, resilience, and digital-first business models shifts whereby the ability to exceed customer expectations while managing shifting constraints has never been more critical to success. To meet the moment, TOVC manufacturers need to go beyond siloed digital investments to establish and execute an enterprisewide strategy to deliver new innovations in products and services, thus staving off competition and the next disruption."