Driving Business Value in Industrial Innovation

ISBN-13: 978-1941546789

There is a manufacturing renaissance, powered by emerging technologies, catalyzed by Industry 4.0, and reinforced by perception that the industry is regaining its innovative edge. At the heart of manufacturing technology are process automation systems that are foundational enablers for managing and controlling the operating cost of manufacturing assets, the consumption of raw materials and energy, and the presence of unsafe conditions. For manufacturers, Digital Transformation means unlocking business value in operations and ensuring safer automation of larger plants. Automation suppliers must consider agility as basis for competitive innovation to deliver business solutions and technology for pace and scale of manufacturing business transformation, and to address concerns about manufacturing safety and security.

 

 

The emerging frontier of industrial innovation points at exciting changes likely to revolutionize the business of manufacturing. For automation suppliers, there are significant new value opportunities with plant digital twin, IoT (Internet of Things), and safety incidents elimination. Opportunities have disruptive potential for incumbent automation suppliers and could spawn new corporate users of automation platforms, extend the value of automation to other corporate activities such as M&A due diligence, transform legacy business models, and create more recession-proof revenue streams.