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November 29, 2011

Asia’s manufacturers to rely more on predictive analytic tools in 2012: study

Volatility is the watchword for the world economy, says IDC

By CBR Staff Writer

Rising costs, the devastating impact of the recent natural disasters in the region, and volatility in global economy will cause Asia/Pacific manufacturers continue their focus on efficiencies and put in greater efforts to mitigate supply chain risks, says IDC Manufacturing Insights report, entitled Asia/Pacific Manufacturing 2012 Top 10 Predictions.

This market phenomenon has led IDC to predict that in 2012 there will be greater use of predictive analytics tools among the region’s manufacturers.

IDC Manufacturing Insights head – international Dr. Christopher Holmes said 2011 has been an interesting year, the cautious optimism that they forecast at the beginning of the year morphed into volatility as we reached the end of the year. This looks to continue into 2012, with volatility the watchword for the world economy." Holmes added, " To increase top line growth, they will also be centering their efforts on satisfying domestic demand within the region, and exploiting new business opportunities in the after sales and support market."

IDC’s Manufacturing Insights top 10 predictions for the manufacturing sector in 2012 are: The need for better decisions at strategic and tactical levels will drive the use of predictive analytics; the drive to serve domestic consumption will lead Asia/Pacific Manufactures to rethink their product and supply chain strategies; and investments in business intelligence (BI) and analytics (BA) will be used to improve manufacturing processes.

 

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