The Internet of Things : TCS Global Trend Study 2015 - A Manufacturing Industry Perspective
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This infographic presents a manufacturing perspective of the TCS Global Trend Study 2015: The Internet of Things - The Complete Reimaginative Force. Take a look at what business leaders are doing now, and their plans going forward, to leverage the Internet of Things in the Manufacturing Industry
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The Internet of Things : TCS Global Trend Study 2015 - A Manufacturing Industry Perspective
- 1. THE INTERNET OFTHINGS A Manufacturing Industry Perspective The manufacturing industry leads the way as an early adopter of the Internet of Things (IoT). respondents have an annual revenue of $10 bn or more respondents are CEOs, CxOs, or division heads, or directly report to them 79% 45% 73%respondents are from North America and Europe Of the 140 manufacturing companies TCS surveyed, $108 mn average spend per company in 2015 $120 mn average projected spend per company in 2018 0.45% revenue spent on the IoT in 2015 Investments in IoT initiatives IoT budget allocation Premises Monitoring Product Monitoring Supply Chain Monitoring Customer Monitoring 26% 35% 23% 17% 17% 33% 27% 2015 2020 22% Ways in which companies use IoT technologies in 2015 (figures in %) Proactive and improved service Tailored customer segmentation Key business impacts Enhanced products Reduced field service costs Targeted marketing campaigns Manufacturing firms experienced the highest increase in overall revenue among the industries surveyed. companies achieved moderate to high improvement in financial and competitive performance through the IoT increase in average impact of the IoT on revenue in 2014 over 2013 average impact of the IoT on companies’ projected revenue by 2018 83% 19.7% 20.4% 20 0 40 60 49.6 24 14 14 18.2 26.4 20.7 18.6 8.6 To date (2015) Planned (2020) Identification of new business and revenue opportunities Clarity on data to be captured Company-wide cultural change Integration of IoT data with enterprise systems Decisions on internal and external technology development Strategy Culture Technology Key success factors for IoT implementation Business model changes due to IoT (figures in %) TCS GLOBAL TREND STUDY 2015 Production and distribution operations Mobile apps Digital sensors in products Digital sensors in locations Wearable digital devices Don't use digital technologies 48.6 24.3 26.4 22.1 7.9 13.6 Production and distribution operations Mobile apps Digital sensors in products Digital sensors in locations 31.6 31.6 26.3 10.5 49.3 How these 13.6% companies will use IoT technologies by 2020 (figures in %) Increase the services business Generate revenue from customer usage data More leasing of products vs. sales No business model changes Resupply customers directly through automated orders Please visit http://www.tcs.com/industries/manufacturing and write to us at manufacturing.solutions @tcs.com @TCS_News