Reminders

10 Predictions for Manufacturers in the Product and Service Innovation Industry

By Jeff Hojlo – November 30, 2016
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Although digital transformation (DX) is defined differently for manufacturers, depending on industry, size of company, or value chain, a common reason for DX is improved product and service innovation. Manufacturers can pursue advanced innovation approaches today and in the near future because of the rapid development of platform technologies, namely, cloud, mobile, analytics, and social, and innovation accelerators such as cognitive analytics, Internet of Things (IoT), 3D printing, and augmented reality (AR)/virtual reality (VR). Perhaps most game changing is the ability to track the quality and performance of connected products, processes, and people across product development, supply chain, manufacturing, and service. Simply put, it is finally possible, through these technologies, to truly manage the life cycle of products and their servicing and continue to improve them over time.

 

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