Part 2:
MANUFACTURING INNOVATION:
M4.0 TECHNOLOGY ENABLERS
6 Top Innovation Enablers: Io T,
Analytics, and 3D Printing
Q: Which technology enablers do you think will have the
most positive impact on your innovation performance in
manufacturing over the next five years? (check top three)
• Internet of Things / Sensors 49%
• Big Data & Analytics 49%
• Digital Design / Digital Twin 24%
• Digital Thread 6%
• Rapid Prototyping / 3D Printing 41%
• Mobility 25%
• Product Lifecycle Management 39%
• Augmented/Virtual Reality Systems 11%
• Cloud-based Systems 20%
• Social/Collaboration Systems 26%
• Other 11%
7 Technologies Expected to Streamline
Processes, Reduce Costs
Q: What do you see as the top three most important
benefits of using the following M4.0 technologies to help
drive innovation?
• Internet of Things
Streamlining processes
Reduced costs
Improved quality
• Advanced Data Analytics
Improved quality
Streamlining processes
Reduced costs
• Artificial Intelligence and Machine Learning
Improved quality
Reduced costs
Streamlining processes
• Digital Design and Digital Twin
Faster time to market
Reduced costs
Streamlining processes
• 3D Printing
Faster time to market
Reduced costs
Greater ideation
• Augmented and Virtual Reality
Greater ideation
Streamlining processes
Faster time to market
faster in response to rising customer expectations, manufacturers report a noticeable
shift in terms of where they will be placing
their innovation emphasis in coming years.
While they report that product innovation
and manufacturing process innovation
will continue to be the top areas of innovation emphasis, other innovation priorities
are growing much faster. Over the next five
years, manufacturers said they will be significantly increasing their emphasis on
business model and service innovation as
well as supply chain innovation (Chart 2).
This suggests that manufacturers are antici-
pating customer expectations for new types
of value-added service offerings such as
preemptive maintenance that leverage Io T
data.
The largest group of manufacturers
(36%) say the primary goal of their innovation efforts is to deliver new products to
market, and they say that the most critical
factor influencing innovation success is
the presence of a strong culture of innovation among all employees (Chart 4). While
the presence of visionary leadership was
ranked as the second-most-important factor determining the success of innovation
efforts, the largest group of manufacturers
(43%) also said that the senior executive
team has the most significant impact on
driving innovation, followed by cross-functional teams (22%).
Despite manufacturers’ overwhelming
MANUFACTURING
LEADERSHIP JOURNAL
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