FROST RADAR™: Manufacturing Analytics, 2020
Published on: 18-May-2020 | SKU: IA01561-GL-MR_23898

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Manufacturing companies are constantly looking for new ways to streamline their operations, increase the productivity and profitability of operations. They now seek to optimize one of their own most valuable assets—data. New data grows exponentially because of the increase in the level of networking and connectivity among people and machines/devices. Businesses also grapple with massive volumes of historical data. Managing the complexity of both historical and new data, making sense of it, and translating it into critical business decisions can be daunting.

Not all companies can analyze and extract insights from data. Powerful and advanced manufacturing analytics can convert data into actionable insights and help manufacturers identify hidden bottlenecks or unprofitable production lines, improve decision making, and drive revenue.

The benefits of leveraging manufacturing analytics are many: higher revenue, lower cost, higher customer satisfaction, increased production yield and throughput, improved product quality, and reduction in unplanned downtime. Predictive maintenance and supply chain optimization are two of the most important applications of manufacturing analytics.

Manufacturing analytics is witnessing steady growth due to the growing focus on Industry 4.0 initiatives and continued recognition of the critical role of analytics. As the manufacturing industry is now focusing on ways to analyze, monitor, predict, contextualize, and visualize processes and asset performance, the number of companies to leverage new technologies and advanced manufacturing analytics solutions has increased.

Frost & Sullivan's research indicates that manufacturing analytics forms the basis for digital transformation initiatives of companies in the manufacturing industry and that current analytics solutions leverage artificial intelligence and machine learning technologies.

The Frost Radar™ reveals the market positioning of companies in an industry by using their growth and innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles of each of the companies in the Frost Radar™, based on their strengths and opportunities, and provides a small discussion on their positioning.

Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™ where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.

The companies we have included in this radar are Northwest Analytics, TrendMiner, SightMachine, Seeq, AspenTech, Falkonry, MachineMetrics, Tulip, Dassault Systemes, Element Analytics, and SensrTrx.

Strategic Imperative

Growth Environment

The Frost Radar™: Manufacturing Analytics

Frost Radar™

NORTHWEST ANALYTICS (NWA)

TRENDMINER

SIGHT MACHINE

SEEQ

ASPENTECH

FALKONRY

TULIP

MACHINEMETRICS

ELEMENT ANALYTICS

BIOVIA (Dassault Systèmes)

SENSRTRX

Strategic Insights

SIGNIFICANCE OF BEING ON THE FROST Radar™

FROST Radar™ EMPOWERS THE CEO’S GROWTH TEAM

FROST Radar™ EMPOWERS INVESTORS

FROST Radar™ EMPOWERS CUSTOMERS

FROST Radar™ EMPOWERS THE BOARD OF DIRECTORS

FROST Radar™: BENCHMARKING FUTURE GROWTH POTENTIAL

FROST Radar™: BENCHMARKING FUTURE GROWTH POTENTIAL

FROST Radar™: BENCHMARKING FUTURE GROWTH POTENTIAL

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Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform

Growth Index

Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.

  • Market Share (previous 3 years)
    This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years.
  • Revenue Growth (previous 3 years)
    This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™.
  • Growth Pipeline
    This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities.
  • Vision and Strategy
    This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision?
  • Sales and Marketing
    This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.

Innovation Index

Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.

  • INNOVATION SCALABILITY
    This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals.
  • RESEARCH AND DEVELOPMENT
    This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline.
  • PRODUCT PORTFOLIO
    This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue.
  • MEGATRENDS LEVERAGE
    This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline.
  • CUSTOMER ALIGNMENT
    This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.

Significance of Being on the Frost Radar™

Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.

  • GROWTH POTENTIAL
    Your organization has significant future growth potential, which makes it a Company to Action.
  • BEST PRACTICES
    Your organization is well positioned to shape Growth Pipeline™ best practices in your industry.
  • COMPETITIVE INTENSITY
    Your organization is one of the key drivers of competitive intensity in the growth environment.
  • CUSTOMER VALUE
    Your organization has demonstrated the ability to significantly enhance its customer value proposition.
  • PARTNER POTENTIAL
    Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.

Have questions about this research or need deeper insights?
Speak directly with our analytics experts for tailored recommendations.
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A tailored session with you where we identify the:
  • Strategic Imperatives
  • Growth Opportunities
  • Best Practices
  • Companies to Action

Impacting your company's future growth potential.

Manufacturing companies are constantly looking for new ways to streamline their operations, increase the productivity and profitability of operations. They now seek to optimize one of their own most valuable assets—data. New data grows exponentially because of the increase in the level of networking and connectivity among people and machines/devices. Businesses also grapple with massive volumes of historical data. Managing the complexity of both historical and new data, making sense of it, and translating it into critical business decisions can be daunting. Not all companies can analyze and extract insights from data. Powerful and advanced manufacturing analytics can convert data into actionable insights and help manufacturers identify hidden bottlenecks or unprofitable production lines, improve decision making, and drive revenue. The benefits of leveraging manufacturing analytics are many: higher revenue, lower cost, higher customer satisfaction, increased production yield and throughput, improved product quality, and reduction in unplanned downtime. Predictive maintenance and supply chain optimization are two of the most important applications of manufacturing analytics. Manufacturing analytics is witnessing steady growth due to the growing focus on Industry 4.0 initiatives and continued recognition of the critical role of analytics. As the manufacturing industry is now focusing on ways to analyze, monitor, predict, contextualize, and visualize processes and asset performance, the number of companies to leverage new technologies and advanced manufacturing analytics solutions has increased. Frost & Sullivan's research indicates that manufacturing analytics forms the basis for digital transformation initiatives of companies in the manufacturing industry and that current analytics solutions leverage artificial intelligence and machine learning technologies. The Frost Radar™ reveals the market positioning of companies in an industry by using their growth and innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles of each of the companies in the Frost Radar™, based on their strengths and opportunities, and provides a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™ where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients. The companies we have included in this radar are Northwest Analytics, TrendMiner, SightMachine, Seeq, AspenTech, Falkonry, MachineMetrics, Tulip, Dassault Systemes, Element Analytics, and SensrTrx.
More Information
New Title Global Manufacturing Analytics Market - Growth Opportunities, Analysis, Forecast, Global,2020
New Subtitle Benchmarking Future Growth Potential , Big Data Analytics in Manufacturing Market , Manufacturing Analytics , Global Manufacturing Analytics Market
Deliverable Type Frost Radar
No Index No
Podcast No
Author Sankara Narayanan Venkataramani
Industries Industrial Automation
WIP Number K427-01-00-00-00
Is Prebook No
GPS Codes 9593,9420

FROST RADAR™: Manufacturing Analytics, 2020

Industrial AutomationGlobal Manufacturing Analytics Market - Growth Opportunities, Analysis, Forecast, Global,2020

Benchmarking Future Growth Potential , Big Data Analytics in Manufacturing Market , Manufacturing Analytics , Global Manufacturing Analytics Market

RELEASE DATE
18-May-2020
REGION
Global
Deliverable Type
Frost Radar
Research Code: K427-01-00-00-00
SKU: IA01561-GL-MR_23898
AvailableYesPDF Download
$4,950.00
In stock
SKU
IA01561-GL-MR_23898