European Manufacturers Building Smarter, More Sustainable Factories
January 17 2024 - 4:00AM
Business Wire
Smart technologies such as AI and digital
twins will play a key role in fundamentally changing the face of
the European manufacturing sector, ISG Provider Lens™ report
says
European companies are revamping their manufacturing processes
by adopting automation and AI capabilities that make factories
smarter and more sustainable, according to a new research report
published today by Information Services Group (ISG) (Nasdaq: III),
a leading global technology research and advisory firm.
The 2023 ISG Provider Lens™ Manufacturing Industry Services and
Solutions report for Europe finds manufacturers in Europe are
exploring emerging technologies that enable smart products and
solutions delivered by smart factories with Industry 4.0
connectivity. As the focus on sustainability and responsible
sourcing gains prominence, manufacturing companies and service
providers are working together in areas such as reverse logistics,
digital tools and data analytics to manage manufacturers’ long-term
sustainability goals throughout their supply chains, the ISG report
says.
“Service providers are helping clients in various areas of
product innovation and lifecycles,” said Philipp Glatz, ISG partner
and Smart Manufacturing lead for EMEA. “Some providers are also
working on solutions that use digital twins to optimize supply
chains and make factories more sustainable.”
There is an increasing emphasis on implementing supply chain
sustainability strategies due to pressure from government agencies
around the world, the ISG report says. Manufacturers and their
suppliers are looking to diversify their supply chains to mitigate
vulnerabilities in reliability and resiliency that were exposed by
the COVID-19 pandemic, ISG says.
Digital twins are considered a key technology for facilitating
the adoption of the factory-of-the-future concept because they help
manufacturers to streamline processes and detect possible damage
and errors faster, the ISG report says. European manufacturers can
use the simulations that digital twins provide to translate their
strategies from the boardroom to the shop floor, the report says.
As the use of digital twins and AI increases, updating and
strengthening operational technology (OT) security will steadily
grow in importance, ISG says. According to the report,
manufacturers will need to find the right providers to help them
deploy OT-cybersecurity-compliant systems and data.
“The factory of the future is already here,” said Jan Erik Aase,
partner and global leader, ISG Provider Lens Research. “The use of
AI, IoT, digital twins and the convergence of IT and OT are poised
to fundamentally redefine factory operations.”
The report also examines how enterprises are turning to service
providers to help them develop new aftermarket business models and
revenue streams.
The 2023 ISG Provider Lens™ Manufacturing Industry Services and
Solutions report for Europe evaluates the capabilities of 31
providers across four quadrants: Agile Product Development and
Design Services, Digital Factory/Manufacturing Solutions,
Manufacturing Supply Chain and Procurement Services and Aftermarket
Services.
The report names Accenture, Capgemini, HCLTech, IBM Consulting,
Infosys, TCS and Wipro as Leaders in all four quadrants, while
Cognizant is named as a Leader in three quadrants. Eviden, Harman
DTS and LTTS are named as Leaders in two quadrants each, while
Akkodis, NTT Data and Tech Mahindra are named as Leaders in one
quadrant each.
In addition, Hitachi Vantara is named as a Rising Star — a
company with a “promising portfolio” and “high future potential” by
ISG’s definition — in two quadrants, while Akkodis and Cognizant
are named as Rising Stars in one quadrant each.
The 2023 ISG Provider Lens™ Manufacturing Industry Services and
Solutions report for Europe is available to subscribers or for
one-time purchase on this webpage.
About ISG Provider Lens™ Research
The ISG Provider Lens™ Quadrant research series is the only
service provider evaluation of its kind to combine empirical,
data-driven research and market analysis with the real-world
experience and observations of ISG's global advisory team.
Enterprises will find a wealth of detailed data and market analysis
to help guide their selection of appropriate sourcing partners,
while ISG advisors use the reports to validate their own market
knowledge and make recommendations to ISG's enterprise clients. The
research currently covers providers offering their services
globally, across Europe, as well as in the U.S., Canada, Brazil,
the U.K., France, Benelux, Germany, Switzerland, the Nordics,
Australia and Singapore/Malaysia, with additional markets to be
added in the future. For more information about ISG Provider Lens
research, please visit this webpage.
A companion research series, the ISG Provider Lens Archetype
reports, offer a first-of-its-kind evaluation of providers from the
perspective of specific buyer types.
About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading
global technology research and advisory firm. A trusted business
partner to more than 900 clients, including more than 75 of the
world’s top 100 enterprises, ISG is committed to helping
corporations, public sector organizations, and service and
technology providers achieve operational excellence and faster
growth. The firm specializes in digital transformation services,
including automation, cloud and data analytics; sourcing advisory;
managed governance and risk services; network carrier services;
strategy and operations design; change management; market
intelligence and technology research and analysis. Founded in 2006,
and based in Stamford, Conn., ISG employs more than 1,600
digital-ready professionals operating in more than 20 countries—a
global team known for its innovative thinking, market influence,
deep industry and technology expertise, and world-class research
and analytical capabilities based on the industry’s most
comprehensive marketplace data. For more information, visit
www.isg-one.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240117429124/en/
Press Contacts: Philipp Jaensch, ISG +49 151 730 365 76
philipp.jaensch@isg-one.com Will Thoretz, ISG +1 203 517 3119
will.thoretz@isg-one.com
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