IDC FutureScape: Worldwide Manufacturing 2023 Predictions

IDC FutureScape Figure

• Figure: IDC FutureScape: Worldwide Manufacturing 2023 Top 10 Predictions

Executive Summary

IDC FutureScape Predictions

• Summary of External Drivers

• Predictions: Impact on Technology Buyers

• Prediction 1: By 2023, 50% of Supply Chain Organizations Will Have Rebalanced Resiliency Efforts to Reflect the Realities of Inflation and Necessary Efficiency to Recover 2 Percentage Points of Margin

• Associated Drivers

• IT Impact

• Guidance

• Prediction 2: Due to Rising Customer Expectations, by 2026, 65% of G2000 OEMs Will Mine Service Interactions and Work Order Data in Real Time to Inform Product Development Decisions and Achieve Quality Targets

• Associated Drivers

• IT Impact

• Guidance

• Prediction 3: By 2024, Digital-First Operations Enabled by 5G Connectivity Will Improve Worker Safety, Resulting in a 20% Reduction in Lost Time Accidents

• Associated Drivers

• IT Impact

• Guidance

• Prediction 4: By 2027, 50% of Manufacturers Will Increase the Use of IoT and OT Cybersecurity Solutions at the Edge, Cutting OT Cybersecurity Breaches in Half

• Associated Drivers

• IT Impact

• Guidance

• Prediction 5: By 2024, 50% of Companies Will Have Implemented More Balanced Multishoring Sourcing Strategies to Better Address Risk That Result in a 10 Percentage Point Improvement in Supply Reliability

• Associated Drivers

• IT Impact

• Guidance

• Prediction 6: By 2024, 50% of Manufacturers Will Prioritize Digital Literacy as a Key Skill Set During the Talent Acquisition/Retention Process to Support Digital Transformation and Enterprisewide Technology Adoption

• Associated Drivers

• IT Impact

• Guidance

• Prediction 7: By 2025, 40% of Manufacturers Will Have Deployed Enterprisewide AI-Based Tools to Support the Decision-Making Process and Maximize the Value of Data, Resulting in Up to 5% Improvement in Revenue/Profit

• Associated Drivers

• IT Impact

• Guidance

• Prediction 8: By 2026, Regulations and Sustainability-Linked Lending Will Drive Over 60% of Global Manufacturers to Adopt Product Carbon Footprint as a Key Metric to Operationalize Sustainability Beyond Reporting

• Associated Drivers

• IT Impact

• Guidance

• Prediction 9: By 2026, 50% of G2000 OEMs Will Take an Ecosystem Approach to Quality Management, Providing Designers with Real-Time Feedback on Quality Issues and Improving Product Success Rates by Up to 3%

• Associated Drivers

• IT Impact

• Guidance

• Prediction 10: By 2025, 20% of G2000 Manufacturers Will Include the Industrial Metaverse in Their Digital Transformation Road Map to Address Advanced Simulation, Cross-Domain Collaboration, and Safety

• Associated Drivers

• IT Impact

• Guidance

Advice for Technology Buyers

External Drivers: Detail

• Storms of Disruption — Accelerating, Interconnected Uncertainty

• Cybersecurity and Risk — Scaling and Evolving Threat Environment

• Global Supply Shock — Refocusing on Multisource and Resilience

• Digital Business — Stepping Stone to the Future Enterprise

• Meaningful Intelligence — Differentiated Decision Power

• Ecosystem-Based Innovation — Driving Enterprise Value

• Work Mode Upheaval — New Models and Leadership

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• Related Research