Due to the rapid pace of digitalization in the industry of manufacturing, organizations and consumers are witnessing a significant transformation in the way products are now produced. The change in the field is welcomed, and has come to be known as Industry 4.0: a modern age revolution for manufacturing conglomerates. Supported by the technological advancements in the areas of IoT, ERP systems, big data, artificial intelligence (AI), and AR/VR innovations, organizations today are empowered to bring in a novel frontier in manufacturing. Moreover, the industry is teeming with competitors seeking to win market shares and deliver enterprise-class products in a faster and cheaper manner, while retaining promise of quality. Consequently, manufacturing companies recognized the need to evolve and increase their throughput and product lifecycles. This realization, however, for the very mechanical industry, proved to be a cumbersome as implementing various digitally driven-services hampered Industry 3.0’s workflows.
To help manufacturers gain a competitive advantage in the marketplace and leverage the innovations of the 21st century effectively, manufacturing service providers emerged. IoT technology drew a lot of attention in the manufacturing space, owing to its ability to connect disparate devices to an existing internet infrastructure. Approximately 63 percent of manufacturers believe that by implementing IoT products may increase profitability and are set to invest 267 billion dollars by 2020 for the same.
In today’s digital ecosystem, therefore, it has become critical for CIOs to choose proper technology and select best consulting and services companies that are at the forefront of efficiently tackling the challenges across the manufacturing industry. To help CIOs negotiate this now burgeoning landscape, APAC CIOoutlook Magazine’s distinguished panel comprising of CEOs, CIOs, VCs, industry analysts along with its editorial board have reviewed the top manufacturing service providers and shortlisted the ones spearheading the charge towards fulfilling the urgent demands of the industry. The listing offers a look at how these services are put to use, thereby enabling business leaders to gain a comprehensive knowledge as to how they can strategize growth.
In this edition of APAC CIOoutlook, we present to you the “Top 10 Manufacturing Consulting/ Services Companies - 2019.”
