04 May 2015
New model designed to mitigate technology risk by helping organizations align their tolerance for risk with the anticipated maturation of a technology
Framingham, MA - May 03, 2015 - IDC Manufacturing Insights announced a new IDC TechScape, part of the DecisionScape methodology/series of reports, designed to mitigate technology risk by helping organizations align their tolerance for risk with the anticipated maturation of a technology. The new report, IDC TechScape: Worldwide Manufacturing Connected Products Technologies, 2015, (Document#255573), is intended to help senior executives assess their organization's technology landscape to determine whether their efforts are aligned with analysts' assessment of the industry's overall technology adoption progress. While it is clear that an individual company's tolerance for risk plays a significant role in determining its path forward, this study helps organizations more systematically categorize and assess relevant connected products technologies, taking into account adoption criteria specific to each technology.
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With connected products, manufacturers can improve product uptime, increase lifetime customer value, and influence future product design. Technology is at the center of this transformation through connected products; manufacturers need to recognize the combination of technologies that are essential to creating connected products and deploying them for tangible business benefits.
This IDC TechScape study focuses on technology adoption within manufacturing for connected products. It assesses key technologies that are driving evolution beyond industry technology best practices in place today, and considers technology-specific analyst insights regarding anticipated rate of adoption, potential risks impacting future success, and industry market interest. IDC expects that manufacturing executives will use the IDC TechScape model to:
The IDC TechScape is composed of three separate adoption profiles. The categories that define the three types of adoption curves in an IDC TechScape are:
Within each adoption profile, IDC Manufacturing Insights positions individual technologies relative to their adoption maturity. IDC has identified five basic stages to technology adoption: evaluate, test, deploy, maintain, and replace. The IDC TechScape graphic is expected to change over time with individual technologies advancing in adoption and potentially shifting curves as technologies currently categorized as "transformational" go mainstream and become the new "incremental" best practices.
IDC encourages business and IT leaders to use this IDC TechScape to start a conversation around what makes the most sense today for their company regarding connected products technology adoption, and where to strategically move in the coming months, as this transformational market continues to evolve at a rapid pace. According to the report, the most important guiding factor that manufacturers should consider is the value the product provides to the customer. But manufacturers should also tailor their decisions to the product price and cost as well as the product life cycle.
IDC Manufacturing Insights' Research Manager Heather Ashton notes, "The manufacturing industry is undergoing a transformation from the proliferation of connected products. Leading manufacturers already recognize that new revenue and growth is developing because of the information and intelligence those complex products can generate. This groundbreaking IDC TechScape provides IT buyers with an industry snapshot as to where specific technologies lie today relative to current industry best practices, identifies the technologies likely to become best practices in the future and their current state of adoption maturity relative to each other. Within our discussions of individual technologies, we also identify our analysts' best opinions regarding key momentum factors, highlighted as IDC TechScape Markers of Momentum, where we rate technologies based on adoption speed, risk, and market interest.
To arrange a one-on-one briefing with Heather Ashton or Kimberly Knickle please contact Sarah Murray at 781-378-2674 or firstname.lastname@example.org. Reports are available to qualified members of the media. For information on purchasing reports, contact email@example.com ; reporters should email firstname.lastname@example.org.
About IDC TechScapes
IDC TechScapes mitigate technology risk by helping organizations align their tolerance for risk with the anticipated maturation of a technology.
About IDC Manufacturing Insights
IDC Manufacturing Insights assists manufacturing businesses and IT leaders, as well as the suppliers who serve them in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing asset intensive, brand oriented, technology oriented, and engineering oriented manufacturing industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world's leading technology, media, research, and events company. For more information, please visit www.idc-mi.com, email email@example.com, or call 508-988-7900. Visit the IDC Manufacturing Insights Community at http://idc-community.com/manufacturing.