This infographic presents a manufacturing perspective of the TCS Global Trend Study 2015: The Internet of Things - The Complete Reimaginative Force. Take a look at what business leaders are doing now, and their plans going forward, to leverage the Internet of Things in the Manufacturing Industry

1. THE INTERNET OFTHINGS
A Manufacturing Industry Perspective
The manufacturing industry leads the way as an early
adopter of the Internet of Things (IoT).
respondents have an annual
revenue of $10 bn or more
respondents are CEOs, CxOs, or
division heads, or directly report to them
79% 45% 73%respondents are from
North America and Europe
Of the 140 manufacturing companies TCS surveyed,
$108 mn
average spend
per company
in 2015
$120 mn
average
projected spend
per company
in 2018
0.45%
revenue
spent on the
IoT in 2015
Investments in IoT initiatives
IoT budget allocation
Premises
Monitoring
Product
Monitoring
Supply Chain
Monitoring
Customer
Monitoring
26%
35%
23%
17% 17%
33%
27%
2015 2020
22%
Ways in which companies use
IoT technologies in 2015
(figures in %)
Proactive and
improved service
Tailored customer
segmentation
Key business
impacts
Enhanced
products
Reduced field
service costs
Targeted
marketing
campaigns
Manufacturing firms experienced the highest
increase in overall revenue among the industries surveyed.
companies achieved
moderate to high
improvement in financial
and competitive
performance through the IoT
increase in average
impact of the IoT on
revenue in 2014
over 2013
average impact of the
IoT on companies’
projected revenue
by 2018
83% 19.7% 20.4%
20
0
40
60
49.6
24
14 14
18.2
26.4
20.7
18.6
8.6
To date (2015) Planned (2020)
Identification
of new business
and revenue
opportunities
Clarity on
data to be
captured
Company-wide
cultural change
Integration of
IoT data with
enterprise systems
Decisions on
internal and external
technology development
Strategy Culture Technology
Key success factors for IoT implementation
Business model
changes due to IoT
(figures in %)
TCS GLOBAL TREND STUDY 2015
Production and
distribution operations
Mobile apps
Digital sensors
in products
Digital sensors
in locations
Wearable
digital
devices
Don't use
digital
technologies
48.6
24.3
26.4
22.1
7.9
13.6
Production
and distribution
operations
Mobile
apps
Digital sensors
in products
Digital sensors
in locations
31.6
31.6
26.3
10.5
49.3
How these 13.6%
companies will use IoT
technologies by 2020
(figures in %)
Increase
the services
business
Generate revenue
from customer
usage data
More
leasing
of products
vs. sales
No business
model
changes
Resupply
customers
directly
through
automated
orders
Please visit http://www.tcs.com/industries/manufacturing and write to us at manufacturing.solutions @tcs.com @TCS_News