The top 10 IT trends for 2020 (2) – Trend 1: Platform-based industrial value networks will spread
Digital platforms will dominate the future of industrial value chains. The intention is to share data and applications across companies and drive forward joint innovations – innovations that boost efficiency and customer value. teknowlogy/PAC believes that various different digital platforms and ecosystems of industrial value networks will emerge and coexist.
The purpose of these industrial value networks is clear. First, sharing more data gives them more transparency, control, and reactivity across their production networks, ultimately covering the entire supply chain. Second, sharing new applications on a joint platform dramatically speeds up the implementation and utilization of new technologies on a large scale. Third, driving forward innovations together is faster, and much more efficient and creative than doing it on one’s own.
The automotive industry worldwide is already on its way to implementing these digital platforms. Big OEMs will not even wait for these new platforms to be fully implemented. They are pushing their suppliers today to collaborate deeply and share more and more operational data. This trend will spread to other industries as most companies are already integrated into larger production networks. Industrial IoT was just the beginning, and it is driving integration towards tightly connected industries. Connect and get connected is the new normal for industrial companies.