Hannover Messe 2018 Report Details How Industrial Market Is Ripe for Digitization
May 3, 2018 | ABI ResearchEstimated reading time: 2 minutes
The industrial market is ripe for digitization, and the impetus for aggressive pursuit is present, announced ABI Research, a market-foresight advisory firm providing strategic guidance on the most compelling transformative technologies.
ABI Research had several analysts from its Industrial research group on-site at the Hannover Messe 2018 conference in Hannover, Germany between April 23-27, 2018, and their observations have been compiled into eight brief reads: “Digital Transformation & Industry 4.0: Hannover Messe 2018 Report.”
The impact of technology and the pursuit of digitization was evident in full at the Hannover Messe conference. Some noteworthy findings from the whitepaper include:
- The industrial market is ripe for digitization, and the impetus for aggressive pursuit is present. Rather than market-based pain being the driving force, dwindling capacity headroom and a fear of losing competitive edge to a rival are forcing manufacturers to actively pursue a different model for driving profitability and growth.
- There is a clear timeline for applications and market segments that look set to form the vanguard of digitization. These are led by car makers and consumer electronics manufacturers.
- The manufacturing base is faced with several confusing decisions, and the supplier base is adding to the confusion, centered primarily around architecture and approach to digitization
- Platform proliferation is a problem. However, all platforms are not created equal. Very few are truly end-to-end, and many do not integrate easily with one another. Consequently, manufacturers must continue customizing and optimizing solutions to provide a truly integrated end-to-end solution.
- There is real concern over data ownership, management, and location from the manufacturer community, and still a massive desire to hold sensitive data on-premises and in closed-loop environments.
- The debate between edge and cloud computing is almost religious in its fervor. Successful technology providers will find the way to balance these approaches in the most optimized way for their clients.
In the report, “Digital Transformation & Industry 4.0: Hannover Messe 2018,” the following compelling transformative technologies impacting Industry 4.0 are highlighted:
- AR & Mixed Reality
- Blockchain & Distributed Ledger Technologies
- Digital Security
- Intelligent Transportation & eFreight
- M2M (Machine to Machine), IoT (Internet of Things) & IoE (Internet of Everything)
- Robotics, Automation & Intelligent Systems
- Smart Manufacturing
- Wi-Fi, Bluetooth & Wireless Connectivity
About ABI Research
ABI Research provides strategic guidance for visionaries needing market foresight on the most compelling transformative technologies, which reshape workforces, identify holes in a market, create new business models and drive new revenue streams. ABI’s own research visionaries take stances early on those technologies, publishing groundbreaking studies often years ahead of other technology advisory firms. ABI analysts deliver their conclusions and recommendations in easily and quickly absorbed formats to ensure proper context. Our analysts strategically guide visionaries to take action now and inspire their business to realize a bigger picture.
Suggested Items
Altium to Unveil Groundbreaking Industry Solution at Electronica 2024
10/25/2024 | AltiumAltium, a global leader in electronics design and lifecycle management, is set to introduce three transformative product offerings at the upcoming Electronica 2024 conference in Munich, Germany.
2024 IPC CEMAC China Electronics Manufacturing Annual Conference Focuses on the Electronics Industry’s Future
10/24/2024 | IPCThe 2024 IPC CEMAC China Electronics Manufacturing Annual Conference, co-organized by IPC and the Shanghai Pudong New Area Quality Technology Association, kicked off with a grand opening ceremony in Shanghai. Themed "Making Your Imagination Reality," the event has brought together leaders, technical experts, and corporate representatives from the global electronics manufacturing industry to explore future trends and opportunities.
iNEMI Connector Footprint Tolerance End-of-Project Webinar
10/24/2024 | iNEMIiNEMI’s PCB Connector Footprint Tolerance Project investigated industry capability, risks and mitigation strategies associated with high-bandwidth I/O connector footprints.
Test Research, Inc. (TRI) to Exhibit at SMTA Space Coast Expo & Tech Forum 2024
10/24/2024 | Test Research Inc.Test Research, Inc. (TRI), the leading provider of test and inspection systems for the electronics manufacturing industry, will participate in the SMTA Space Coast Expo & Tech Forum 2024.
Highlights of the ICT 50th Anniversary Symposium
10/24/2024 | Pete Starkey, I-Connect007Why does it always rain when I attend these events? Temperatures were dropping, daylight was shrinking, and there were seasonal colour changes in wet hedgerows as I travelled to Gloucestershire for the 50th Anniversary Symposium of the Institute of Circuit Technology at Puckrup Hall near Tewkesbury in mid-October. It was a memorable occasion: Nostalgic for my contemporaries who remembered our industry at its most prosperous, technically outstanding in the quality and significance of presentations to an attentive audience of printed circuit professionals, and complemented by the sharing of ideas, information, and trade gossip within a friendly community at the evening gathering.