Currently, the focus in discrete manufacturing is shifting towards creating experience ecosystems that place the emphasis on delivering new digital products and services through the product itself, instead of solely designing, selling, and servicing complex products. However, the factory remains a crucial aspect, and discrete manufacturing companies must develop production capabilities that allow them to compete in a digital economy.
Powerful business intelligence tools are now available to executives, which have significantly enhanced the retrieval and extraction of information from business processes. This data can enable organizations to make informed decisions that can potentially transform their company forever. As manufacturers become more cognizant of the availability of these tools, they will likely invest in solutions that provide them with a plethora of insights instantly.
By leveraging business intelligence tools, manufacturers can avoid spending hours on maintaining reports or trying to comprehend vast amounts of data in spreadsheets. This technology offers real-time overviews and detailed insights that offer a complete view of enterprise performance.
Process industries often have capital-intensive production processes, resulting in inflexibility when it comes to modifying process settings. Furthermore, ineffective management during the implementation of process innovation can result in significant consequences, such as substandard product properties, insufficient work processes, and a lack of expertise. Process industry firms could potentially benefit from the adoption of digitalization, which leverages digital data or technologies to automate data handling and optimize processes, potentially leading to new revenue-generating opportunities and value creation.
The MES space is evolving rapidly, so it is crucial to invest in a solution that addresses urgent business objectives while also being adaptable to changing business needs. Innovative concepts are continuously emerging, so it’s important to choose a vendor that can push innovation in the long term while meeting business requirements.
IDC has released a new IDC MarketScape report that assesses the capability and business strategy of many leading suppliers as they relate to IDC Manufacturing Insights: Worldwide Smart Manufacturing Strategies Service. These evaluations are based on a comprehensive framework and set of parameters expected to be most conducive to success. Within these IDC MarketScapes, Siemens is positioned in the Leaders category in each one of them.
IDC MarketScape: Worldwide Manufacturing Execution Systems 2023 Vendor Assessment
IDC MarketScape: Worldwide Process Manufacturing Execution Systems
Worldwide Engineering-Intensive Manufacturing Execution Systems
Asia/Pacific Manufacturing Execution Systems
Worldwide Discrete Manufacturing Execution Systems
Worldwide High-Tech and Electronics Manufacturing Execution Systems