Valor, a Siemens Business Foresees Substantially More Digitalization for Manufacturers in 2019
By Oren Manor, Director of Business Development, Valor, A Siemens Business
According to a survey by global consulting firm Price Waterhouse Cooper (PwC), 72% of the manufacturing companies surveyed stated they plan to greatly increase their levels of digitalization by 2020. PwC estimates this to be $907B (USD) per year, or about 5% of their revenues, to establish higher connectivity and smarter factories. With our recent merger with Siemens PLM, our goal is to invest in more powerful, configurable and scalable MES solutions for the electronics industry so our customers can meet key requirements for Industry 4.0. We have found that many manufacturers have taken a number of modules (NPI, Quality, Traceability, Shop Floor Control) from different vendors and connected them or “stitched” them together via customization. They are finding now that the total cost of ownership is very high, and upgrading to new product releases is cumbersome. Siemens PLM is really unique in its ability to deliver a unified platform with a set of well-connected applications which drives down implementation and maintenance cost significantly. With Siemens PL and Mentor, the benefits of digital transformation synergies will allow our customers to meet traceability requirements, increase efficiency levels, and control manufacturing operations through direct IoT connectivity with machines and production lines across the entire manufacturing lifecycle.
We at Valor, a Siemens Business, are seeing the need for more digitalization in the global electronics manufacturing marketing for 2019. Customers are seeking improved efficiency and productivity from connected technologies and digitalization to compete in the global economy. Industrial equipment manufacturers and MES companies will need to map out internet of things (IoT) strategies for connected equipment that delivers analytic insights – enabling the exchange of data with other machines and computer networks real-time via cloud computing. Industry 4.0 is finally happening.