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The next several years will bring about the “great digitization” of industry. This will touch nearly every aspect of business as existing systems, jobs, and business processes are instrumented, redefined, and optimized with artificial intelligence. This transformation will be widespread and far reaching. Information technology (IT), operational technology (OT), engineering technology (ET), supply chain, asset management, services, and customer-facing systems will all be impacted. Discrete manufacturing, process industries, utilities, energy, infrastructure, and more are already beginning the transformation.
Those are pretty big claims. Is this real, or is it overstated? If it’s real, how long will it take?
It is real, but it’s difficult to say how long it will take. It will surely take many years to fully realize, but is already happening faster than many expected. This report presents some data about how industrial companies are thinking about digital transformation. You can also see it in the trends ARC tracks today:
Advanced Analytics and Machine Learning
The most noticeable and probably most important trend today is the proliferation of advanced analytics and machine learning (artificial intelligence, cognitive computing, etc.) The technology has reached a tipping point and can now deliver value in setting after setting. In turn, this fuels demand for smart connected sensors, digital networks, and other ways to collect and move data to the analytics systems – and vice versa. Is mass displacement of workers on the horizon? Perhaps. But, it is clear that these technologies will result in substantial change.
Table of Contents
- IIoT and the Great Digitization
- Survey Results
- Comments and Conclusions
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Keywords: Digitization, Artificial Intelligence, Information Technology (IT), Operational Technology (OT), Engineering Technology (ET), ARC Advisory Group.