TECH BUYER Apr 2020 - IDC Perspective - Doc # US46179220

Making the Case for Machine Learning in Manufacturing

By: Reid PaquinResearch Director

Table of Contents

Executive Snapshot

Figure: Executive Snapshot: Machine Learning Will Be Critical to Digital Transformation

Situation Overview

Why Is Machine Learning Important to Manufacturing?

What Do We Mean by Machine Learning?

Figure: Analysis Across the Value Chain

Figure: The Benefits of Digital Platform, Digital Twin, and Digital Thread

Who Are the Key Stakeholders?

Internal — Getting to LOB Lead Initiatives

External — Choosing the Right Technology Partners

How Can My Organization Take Advantage of Machine Learning?

Figure: Breaking Down the $4.5 Trillion Opportunity Across the Manufacturing Value Chain

Supply Chain Decision Making — $1.35 Trillion of Opportunity

Smart Manufacturing — $1.125 Trillion

Connected Customer and Product as a Platform — $2.025 Trillion

Product as a Platform — $935 Billion

Connected Customer/Connected Channel — $1.090 Trillion

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