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IoE and KFC – The Possibilities are Endless

Well, 2013 was a whirlwind and the first month of 2014 has flown by with hypersonic speed.  We are definitely living in very unique and interesting times.  As I reflect on the past year, one obvious theme or revelation always comes to the forefront…..technology and the use of it is the common fabric that enables change in our lives, whether its social, economic or environmental. The use of or the abuse of technology has always been the underpinning foundation for change.

The beginning of the New Year is always interesting and fun for me.  I’m always intrigued, fascinated and often times amused by the pundits, prognosticators, “experts”, fortune tellers and the like who have never been shy about offering their viewpoints and perspectives on the trends and movements of the coming year.

Predictions:  Do You Hunker or Bunker Down?

In fact a very interesting….amusing story came out during the end of last year about a gentleman named Norman Feller, kfc3who went into a bunker for 14 years over the fears of the fallout from the Y2K virus.  Mr. Feller emerged from his bunker absolutely sober and of sound mind. In fact, Mr. Feller had the wherewithal to visit his local KFC restaurant and be absolutely amazed by the innovation of KFC’s “Double-Down” sandwich. The combination of putting together bacon, cheese and chicken fillets was earth…”bunker” shattering for Mr. Feller .  Now, I’m not sure if this story is actually folklore or true, but I do know that people and societies have various emotional responses to technology trends, predictions and/or “hype”

2014 Manufacturing Trends and Predictions

Manufacturing is no exception.  There are no shortage of predictions and trends being applied to the manufacturing industry.  One of the common technology trends being cited is the Internet of Everything’s impact on the industry. My colleague Chet Namboodri wrote an outstanding blog entitled, “Predictions 2014: Wager on the Internet of Everything”   He leverages the expertise and research from Bob Parker,  IDC Group Vice- President, to provide insights and predictions on how IoE will have a profound impact on manufacturing markets and industries.

I think we can all agree that we are living in amazing times with wonderful possibilities.  The world is “smaller” and more connected.  The changes we promote and execute against will affect not only our next-door neighbor, but our trans-continental neighbors.

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Predictions 2014: Wager on the Internet of Everything

You heard it first here: “In 2014, the Internet of Everything (IoE) will accelerate the growth of manufacturing industries to outpace overall U.S. GDP growth by >3x.”

As my colleague Jim Grubb points out, the IoE itself is no longer a prediction in-and-of-itself.  The joining of people, process, data and things to transform information into actions and create new capabilities, richer experiences and unprecedented opportunities is already a global reality.  Just how IoE impacts our economies and industries —including what many believe to be an American Manufacturing Renaissance— is what remains for our collective imaginations, innovations and entrepreneurial ingenuity.

To gain some insights and guidance on manufacturing movements, I turn to industry analyst expertise.  Bob Parker, IDC Group Vice President, last week hosted the IDC Manufacturing Insights 2014 Predictions: Worldwide Manufacturing, one in a series of annual web conferences where IDC analysts share their industry outlook for the upcoming year in the form of a Top 10 Predictions.  Below, I provide a recap of what Bob and his team had to say about global IT investment trends and business initiatives relating to key process areas within manufacturing, along with my contentions around the impact of IoE on the manufacturing economy and why I believe we will see a growth inflection in the industry next year.
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