2017
In a slow-growth environment
such as this, productivity gains
are paramount. And that could
be a boon for industrial
manufacturers. Indeed, industrial
manufacturers can best serve
their customers (and
themselves) by designing tools
and equipment that improve the
efficiency, costs, and
performance of factories and
other capital projects. Whether
enhancing their or their
customers’ plants, industrial
manufacturers have an
opportunity to profit from
innovation strategies that build
upon advanced manufacturing
concepts and the potential of the
industrial Internet.
In order to do this, industrial
manufacturers must become more
aggressive and deliberate in their
investments. They should focus on
developing technology platforms and
new operating models that enable
connected products and services and
integrate their customers’ operations.
For customers, the desire for
efficiency and quality improvements
are a given, but companies
increasingly want visibility deep into
their supply chains: They want
connectivity tools that provide insight
into production levels, inventory and
capacity availability, quality levels,
and order status from all their
suppliers. Capital asset developers
are seeking similar capabilities in
dealing with the engineering and
construction firms that build their
projects.