target audience: TECH SUPPLIER Publication date: May 2023 - Document type: Market Presentation - Doc Document number: # AP48624222
IT Investment Outlook in Manufacturing
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Abstract
This IDC Market Presentation examines the current manufacturer business model theme on digital resiliency and IT investment priority outlook for organizations in Asia Pacific (excluding Japan) (APEJ). This study also discusses business priorities and challenges within manufacturing firms. Investments in connectivity, digital business programs including technology applications and their key drivers are elaborated with use cases highlighting the challenges and implementation benefits from this technology solution.
"Manufacturing organization needs to be agile and flexible to remain competitive in a dynamic and fast-paced market. In addition to generating business revenue, manufacturers need to solve multiple challenges from supply chain disruption and workforce shortage by leveraging on digital solutions. This objective can be achieved with prudent strategic IT investment planning and close collaboration with ecosystem partners. It is crucial for an organization to recognize the value of establishing an ecosystem wide synergy in connectivity, creating visibility, and traceability for short- and long-term sustainability goals and other new opportunities for the business," says Wai Yee Lee, research manager, IDC Manufacturing Insights.