Top 5 Business Trends for Manufacturing in 2021
Gartner has identified the top 5 business trends that will impact the global manufacturing sector in 2021.
The analyst firm predicts that by 2025, the top 50 consumer goods manufacturers will have invested in a brand app using AI, embedded technology in the product, videos as a digital asset and/or integrated innovation with IT and R&D teams.
It further predicts that by 2024, organizations providing a total experience will outperform competitors by 25 percent in satisfaction metrics for both customer and employee experience.
According to Gartner, by 2024, 75 percent of the top 20 global consumer goods companies will engage in an ecosystem partnership contributing to growth and sustainability goals. In addition, by the end of 2024, half of global heavy asset manufacturing organizations will have succeeded in monetizing their data. Moreover by 2023, 20 percent of industrial equipment manufacturers will support EaaS with remote Industrial IoT capabilities up from a current base of near zero.
Google Cloud Revenue Scales 54 Percent
Google Cloud has seen it revenues rise nearly 54 percent in the second quarter on a rising tide of online consumer and business activity. The third largest cloud computing provider, Google Cloud saw its revenue grow to $4.63 billion for the quarter ending June 30, from $3 billion in the same period last year.
Alphabet started breaking out operating results for Google Cloud — which includes Google’s infrastructure and data analytics platforms, collaboration tools and other services for enterprise customers — when it reported its fourth-quarter 2020 revenue of $4.04 billion and a $974 million operating loss in February. Google Cloud revenue is generated primarily from fees received for Google Cloud Platform (GCP) services and Google Workspace collaboration tools.
Cyient to Acquire WorkForce Delta to Strengthen its Digital Solutions Suite
Cyient, a global engineering, manufacturing, and digital technology solutions company, is acquiring WorkForce Delta, a leading consulting firm in mobile workforce management. The acquisition will bolster the IntelliCyient portfolio by expanding its front-end consulting capabilities for digital mobile workforce management solutions. There has been a growing demand for comprehensive field force management solutions in the Utilities and Telecom industries. With rapid sectoral growth across regions, Cyient continues to invest in expanding its market presence while creating sustainable value for all stakeholders. With this acquisition, Cyient will be taking full ownership of WorkForce Delta.
