Category: Thoughts

manufacturing production line

What You Should Look Forward to in the Manufacturing Industry through 2017?

Manufacturing industry is the pivot around which all the other industries function. Basically, it involves the manufacturing of goods and processing of raw materials in order to create new commodities or adding value to existing ones. This value-added product or rather intermediate goods can either be used as an input in some other industry or serves as a finished product for the ultimate target- the consumer. With the increase in consumer demands and changing preferences, the manufacturing industry is expected to be nimble and light-footed to be able to respond to these changing trends.

This robust and dynamic industry is growing at a much faster pace owing to the technological advancements and rising global competition. Manufacturing companies are evolving not only in terms of process efficiencies but also shifting to software driven production systems, which is a far cry from the traditional approach and practices. As a result of this, the manufacturing processes have undergone major changes right from identifying the customer needs to new product development, innovation and design, and research and development. But what else can we look forward to in the future?

Here are a few trends that will bring a wave of change in the manufacturing world, read on.

The Virtual to Real Manufacturing Era – 3D is the Way to Go!

Speaking of transitions, modern day industrial employees no longer carry a drill or hammer to work, instead they prefer tagging along their personal digital assistants (PDAs). This enables them to create, design and manufacture goods that are tailor-made and that fit the wants and needs of the consumer through various techniques such as 3D printing, which is an additive manufacturing process that creates a physical object from a digital design by adding material layer-by-layer. So far, its application was limited to developing prototypes, but now manufacturing companies are looking forward to its full-fledged application in the industrial process. This will add to the productivity, efficiency and innovation and thereby creating value and resulting in growth of the industrial market.

Market Intelligence and Manufacturing Sector

Forecasting demand and then determining and planning the level of production and supply is the best way for the production department to avoid over-stocking and stock-out issues. It also helps in identifying demand-supply patterns in order to streamline the process and thereby making it efficient. Utilizing market insights and predictive analytics will not only enhance their decision-making skills but also help the organizations to identify newer avenues and potential markets for expansion. In their constant urge to become market disruptors, organizations are increasingly turning to analytics and big data to create sustainable competitive advantage.

Manufacturing the Infiniti Advantage

Innovation and technological advancements go hand-in-hand when it comes to the manufacturing industry. It is obvious that whether or not these organizations acclimatize themselves to these changes, they just cannot ignore its multifarious benefits and the gradual shift in the industry’s best practices. Hence, the future looks bright for the manufacturing sector driven by expert insights and data, worldwide. Infiniti helps solve strategy related challenges by providing real-time insights through time-tested technologies. With a team of 500 plus experienced analysts who are expert at deriving insights that will have a direct effect on your bottom-line.

Infiniti Research is the right place for all the market and customer insight needs. Talk to Us.
telecom sector

Top 3 Trends in the Telecom Industry for 2017

According to Maslow’s theory, humans need only three basic things to survive: food, clothing and shelter. But today, as we progress and enter into the digital era, mobile (read- telecom) has become a self-extension for every person, it is equivalent to an umbilical cord, which even if cut, the connection remains.

The telecommunication industry is a part of the information and communication technology (ICT) infrastructure that is made up of companies and service providers who play an important role in the evolution of mobile communications and broadband. There’s a continuous infrastructure improvement taking place, as a result, the global telecommunications industry continues its transformation process and is growing leaps and bounds. Throughout 2016, the telecom companies strived to offer unmatched 4G service with LTE Advanced pro deploying new features such as higher levels of carrier aggregation and interference management, thereby providing faster data ensuring better performance at a lower price.

Even the telecom industry itself lives by the tagline, wherever you go, our network follows. This robust and dependable network will continue to follow us through 2017 as well. Additionally, there are newer things in store in terms of communications to look forward to this year as well.

What else could the telcos possibly bring to the table that’s new, you ask?

Here’s what might be in store for you.

1) Move Over 4G; Time to Bring Home 5G

Network providers are striving to make 5G a reality as soon as possible. Telcos around the world have already developed 5G architecture and have initiated the lab and field trials for the basic connectivity elements in their race to gain a competitive advantage in the market. The promise of 5G – more speed, greater efficiency and less latency- will be a major push for connected things in the future. It is expected to be an enabler of next generation IoT and M2M applications such as augmented reality and self-driven vehicles.

2) Over-The-Top and Value Added Services

The constantly growing competition from Over-the-top (OTT) players who offer apps and content streaming directly via the internet, will drive telecom companies and other service providers to partner with and become primary OTT solution providers in their own way so as to drive revenue, counterbalance the downward price pressures and build customer loyalty. This rise in operator-led OTT services will not only expand the market opportunities but also redirect a fraction of the global OTT spend back towards the network and service providers.

3) Security – On High Priority

The previous year was filled with news regarding data breaches in high end companies, with the latest one being the ransomware- WannaCry – attack that hit over 100 countries across the globe over desktops and mobile phones. This proves that the telecom companies will lay more emphasis on security, as they realize the increasing vulnerability of infrastructure linking networks to attacks. In 2017, network security will be top priority to operators, as encryption will transition from a niche play to a more pervasive technology.

The Infiniti Advantage

The IT and Telecommunications industry faces considerable changes that result in intense competition and continuous need for innovation. At Infiniti, we have a wide range of industry-leading solutions to help clients track key developments in these markets, adapt to changes and thereby ensuring they maintain a competitive advantage. These solutions along with our team of experts offer a comprehensive view of the market landscape, to help clients make effective business decisions, in order to grow, expand, diversify, tackle competition and mitigate risks.

retail price

Retail Strategy and Building the Right Price Perception

To arrive at the most appropriate retail strategy, it is critical that retailers accurately identify the key value categories (KVCs) along with the key value items (KVIs). Often it has been observed that retailers prefer to rely on the commercial intuition of experienced category managers, rather than taking KVCs and KVIs into account. Thus, the problem does not lie in the lack of data, rather in employing the data-rich environment in the best possible manner.

The most effective tool to boost the consumer price perception is dynamic pricing. And even though it might sound cliched, Amazon is one retailer which is known to have leveraged dynamic pricing to its advantage. What Amazon’s success clearly proves is that not just the online portals, but brick and mortar stores as well can adopt dynamic pricing solutions to build the right price perception.

The Right Way Forward

The insights from KVIs and KVCs are essential to arrive at actionable plans in building the right price perceptions. The process should begin with the identification of products and customers that pose good value for money. Identifying the right products and customers helps to sort the stock in terms of units and rank them accordingly.

Can Big Data help in better pricing decisions?

At a time when big data is seen as magical solution for almost every problem, it is natural for industry experts to consider if it can help retailers as well. And the happy news is that when employed in the right manner, big data can improve your pricing decisions amazingly.

Infiniti Take

By taking all kinds of information into account, big data enables retailers to go into the nitty gritty of pricing decisions. So, what was until now done in a rather intuitive manner, has a clear framework set for it. Also, rather than being overwhelmed with the amount of data received, it is advisable to hire or build the most appropriate workforce which can understand and effectively employ the data analysis to influence the pricing decisions and build profitable price perceptions.

For a better understanding of retail strategy and price perception…
Global_energy_sector

What’s Changing the Face of the Global Energy Sector?

For market analysts, nothing is as fascinating as well as awe-inspiring as the changes which the energy sector has recently undergone. Right from the emergence of some unique sources of energy, this is one sector which is continuously witnessing technological innovation backed by huge demand from the emerging markets. Whether it is the growing demand which is fueling innovation or the other way around, is something which has long been discussed and debated. Not adding to this conundrum, the focus of this piece is more on understanding the factors which are playing as disruptors and innovators in the energy sector.

Major Game Changers in the Energy Sector

1) Environment: Being one of the major contributors to pollution and GHG emissions, it is only natural for the environment to play a disruptive role in the energy sector. With clean energy being the phrase of the decade, there has been major pressure to come up with technology-driven energy solutions. This is the reason, despite high dependence on fossil fuels, the market for renewable energy has also grown immensely. In fact, keeping the growing demand of energy in mind, countries like China and India have invested enormously in green energy sources.

2) Technology: When it comes to technology, the emergence of electric vehicles (EVs) has had a euphoric effect on the automotive as well as the energy sector. If industry analysts are to be believed, by mid-2020 the popularity of EVs will grow manifold, and it will also gain a competitive edge over the conventional vehicles. This development is sure to bring down the demand for liquid fuel substantially.

3) Entry of minor players: Lastly, contrary to popular perception, it is not the major players but the minor ones who are going to give an edge to the energy sector. With new avenues of capital sourcing, the small players are leaving no stone unturned in rolling out region-specific energy solutions. While this trend has disrupted the monopoly of large players in the industry, it has also opened new doors for innovation and changes in the energy sector.

These emerging conditions will have a great impact on the future of the global energy sector. Explore sustainable growth opportunities in this ever-evolving domain with actionable market intelligence solutions from Infiniti Research.

For an in-depth understanding on the game changers in the energy sector…

Global_automotive_industry

Top 5 Trends in the Automotive Industry for 2017

With the constant change in consumer preferences, technological advancements and the rapid development in the emerging markets, the world economies are evolving. This evolution can be attributed to the increasing need for automation, digitization and new business models across all industries, including automotive.

Automotive industry is one of the world’s most important sectors in terms of revenue and includes a wide range of companies that are involved in activities right from designing to selling the motor vehicles and everything in between. The industry is set to witness a perfect storm of change with five disruptive technology driven trends in the future – electrification, connectivity, autonomous driving, customer-centricity and shared mobility.

Electrifying the Driving Experience

Owing to environmental concerns, stricter emission regulations and lower battery costs, electric cars will gain momentum in the coming years. Electric cars are powered exclusively by electricity and rechargeable batteries, unlike conventionally driven vehicles. However, automakers and original equipment manufacturers (OEMs) must develop a strategy based on market insights to increase the adoption rate, globally.

All About Connectivity

Connected cars are vehicles equipped with internet access to devices inside and outside of the vehicle. It acts as a platform for the drivers and the passengers to utilize their time in transit to access new forms of media that may concern with safety issues to a wide range of services such as infotainment, navigation, diagnostics and payments. The automotive OEMs need to enhance their automotive capabilities to take strategic decisions to drive demand and sustain the competition.

Autonomous Driving

These are vehicles capable of sensing its environments and navigating without human inputs through a wide array of technologies such as lights, radars, GPS and computer vision, etc. As of today, these vehicles are not permitted on the road without a driver, who can take control of the vehicle at a moment’s notice. According to automotive market experts, the OEMs must assess the customer buying behavior to drive their sales, thereby strengthening their market position.

Putting Customers in the Driver Seat

This will allow the automaker to involve the customers in designing the vehicles, going beyond the catalogue concept and moving to a concept of ‘make for me’ economy. Plus, 3D printing will shorten the waiting time for automotive components, making it just a click, print and install away. Manufacturers must utilize the automotive market insights to connect with their customers to drive loyalty and encourage future spend.

Shared Mobility

Today, instead of owning a car, people prefer using services offered by fleet operators. The automotive revenue pool will move significantly towards on-demand mobility services and data-driven services, resulting in a decline in sales of privately owned vehicles. Major players in the market must conduct an automotive market analysis to understand the trends and gather insights to increase sales.

No Brakes– The Accelerating ‘Infiniti’ Advantage

At Infiniti Research, we provide clients with insights on customer experience and expectation regarding price, satisfaction, etc. and help in re-aligning strategies and developing action plans to strengthen their market position, make changes to their branding strategies, facilitate supplier management, deal with regular demand shifts and capacity utilization issues.

Pharma_digital

Pharma Companies Embrace Digital- Staying Competitive with Technology

At a time when healthcare is being drastically transformed through digital health technologies, pharma companies cannot afford to stay aloof from the digital revolution. With enormous investments in digital health, several major pharmaceutical companies are revamping their strategies to stay relevant in the competition. The three key premises which have emerged with all these developments are:

  1. Reinventing pharma companies as solution companies
  2. Better connection with consumers
  3. Harnessing of technology to its advantage

Pharma Companies: More than just asset companies

Traditionally pharma companies were more of an asset based company. But as technology giants and healthcare start-ups have ventured into the pharmacy, there is a pressing need for pharma companies to reimagine themselves as more than being just a products-and-pills company. It is in this context that imbibing the ethos of technology becomes more important.

One of the best example of how pharma companies can evolve as solutions companies is Google’s partnership with Novartis to combat diabetes. This venture is employing technology to upload glucose and insulin levels of the patients to the cloud in real time, to improve the overall quality of diabetic care.

Connecting with end-consumers

From being mere end-receivers of medicines, patients have now evolved into having greater control over their health and therapeutics. This makes it critical for pharma companies to accept this change in the equilibrium and connect with the consumers in an efficient manner. This can be done by understanding the patient behavior through patient-physician interactions, online communities, engagement in active dialogues, and adoption of quantitative methods to measure and analyze the data.


Infinity_insightsHarnessing Technology

It is high time that pharma companies move away from their conservative cultures and perceived image on IT and embrace it as a vital tool for its growth. Also, the mindset of shying away from risk taking needs to be shunned. Rather, companies need to take calculated risks and engage technology to their advantage

Digitalization is a reality. Moving ahead without taking it into consideration is sure to bring severe implications. Therefore, the need of the hour is to switch to appropriate technological solutions for focused strategy building.

For a detailed analysis on how pharma companies can benefit from technology…

Artificial Intelligence

Powering Financial Services with Artificial Intelligence

Just when we thought that technology had touched all the relevant areas of financial services, comes the news on how artificial intelligence (AI) can replace humans in the capital market. Now AI is not something new in the financial sector – in fact, its roots can be traced back to the 50s and 60s when the financial industry was on the path of technical evolution. For instance, banking sector adopted AI for better synchronization and processing of data, customer personalization, as well as pattern identification. But with speculations on how AI can replace humans in investment banking, it seems the scope of its application seems to be expanding at an unfathomable rate.

Financial services and artificial intelligence

Easy and seamless customer experience is the goal of all financial organizations. And this is the tipping point for innovative use of technology in almost every aspect of the financial dealing. Right from providing relevant products to customers, to better risk management, and regulatory compliance – AI covers everything in one clear shot.

So much is the relevance of AI in the financial industry that several major financial institutions have allocated a good part of their budget to AI. There is a long list of organizations which are still catching up with technology through the adoption of cloud computing, big data, and open-source software. Thus, eventually, all financial institutions will find a place in the AI net, transforming the way in which business is conducted.

At the same time care needs to be taken that AI has different applications for different financial verticals. It surely does not work on the ‘one size fits all’ theory. Thus, while on the one hand it might be used for improved data processing only, there are many who regard AI as the key to error-less algorithm analysis. One of the best analogies for this is, how just 26% of asset and wealth management companies are dependent on machine algorithms. But in the case of the insurance industry, AI is used by more than 50% of the organizations.

The way ahead – Infiniti Advantage

Automation of work process is perhaps one of the most fool-proof ways through which better results can be gained with a smaller amount of investment. Especially in an area like capital market, where the stakes are rather high, AI is poised to bring structure to the chaos. At the same time, there is a fair amount of apprehension on AI’s operating process – which brings us to the conclusion that AI should be seen more as a collaborative initiative rather than just being a technology vending out standard solutions.

 

big data

Big Data and Smart Manufacturing – Going hand in hand

Manufacturing sector – perhaps one of the most docile and conventional industries – is witnessing a slow revolution of kinds. Be it regarding raw material used or infusing of technology, industrial manufacturing companies are looking for opportunities which will give them an edge over their competitors. The latest addition to this trend has been the adoption of smart manufacturing techniques.

Smart manufacturing – Just an idea or reality?

With smart being the key prefix in almost every endeavor in the market, it is hardly surprising that the term got its place in the manufacturing industry as well. While there are critics who still prefer the traditional MES (manufacturing execution system), smart manufacturing is making inroads in the industry. But contrary to popular belief, there is more to it than just using technology for the sake of it.

The goal of smart manufacturing system is to connect and dissipate manufacturing related information in such a manner that it helps in boosting the overall profits of the organization. Thus, smart manufacturing is nothing but traditional MES powered with machine learning, IIoT, robotics, and cloud-based workflows. Therefore, it is safe to conclude that smart manufacturing is not just a fancy idea – rather it is a new reality which needs to be embraced.

Role of big data in making manufacturing smart

According to our manufacturing market intelligence, gaps in cost computation and predictive analytics are few of the major roadblocks which every manufacturing company faces at one point or another. Such a situation calls for a proper and in-depth analysis of data available to prevent increased cost to the company. It is now that the role of big data becomes even more critical.

Usually, most manufacturers lack the skills to collect and analyze the huge volumes of data which they have already collected. By resorting to big data analytics, companies can very easily capture, structure, integrate, and enrich their database. This whole process results in better forecasting and strategy building at lower costs, using fewer resources, and bringing in improved return on investment (ROI).

At present, the software used by major manufacturing companies are unable to match with the rapidly changing dynamics of the manufacturing environment. Big data, on the other hand, is driven towards capturing the ever-changing requirements of the manufacturing industry. This is the single most important reason companies should embrace big data in their manufacturing processes.

Advantage Infiniti Research

The immense knowledge and experience of our market analysts in manufacturing and industrial markets, empowers you to get a better understanding of the industry. We have worked on several projects where the client has benefitted from our actionable insights on bringing big data and manufacturing strategies together.

air conditioner

Market Intelligence: Filtering the Truth on Global Air Conditioner Industry

Over the past few years, air conditioning market has profoundly grown across the world especially in developed countries. The accelerated rise of new technologies, development in emerging markets and changing consumer preferences has led to dramatic change in economies across the world, resulting in rising demand in the air conditioning market. The technology in air conditioning systems has been transforming and witnessing massive innovations in inclusive disciplines like compressor technology, coolers, filters, and drying agents.

These technological advancements are aimed at enhancing performance and reducing energy costs. The advanced automation and smart features including solar power air conditioning, smart thermostats, integrated systems, reduction of CO2 emissions and improved energy efficiency have become extremely imperative at present in air conditioning products.

Infiniti researchmarket intelligence uses numerous sources of information to create a broader picture of the existing market space, customers, inherent problems, competition, and growth potential for new products.

Possible Obstacles to the Growth of the Air Conditioning Market

The refrigerants used in air conditioners and similar equipment have high global warming and ozone depletion potential. The use of fluorinated gases as refrigerants is expected to see a drop over a period of time. These gases are delisted in some regions and are expected to be completely banned soon. New regulations by local authorities that will replace the prevalent setup with definitely impact the air conditioning market.

Air conditioners are appliances that consume the maximum energy amongst all the other appliances used in a typical residential apartment. The high consumption of energy restricts the usage of air conditioning throughout the day. Air conditioning also demands routine maintenance for temperature controllability and effective performance.

The market for air conditioning is highly fragmented with the presence of many players and the competition among these players is intense. Thus, the intensified competition entails the vendors to adopt new technologies and provide smart and automated features in their products to gain a competitive advantage.

The air conditioner industry is also subject to uncontrollable challenges and circumstances like weather conditions. Global warming has brought about a substantial shift in weather patterns. While the resultant increasing warmth has proved advantageous to the market, the other effects manifested in terms of delayed arrival of summers, longer monsoons, and cooler summers have impacted sales.

A Step in the Right Direction: Insights from Infiniti Research 

As per the market research experts at Infiniti, air conditioning manufacturers must be committed to developing green and efficient technologies. Hence, they need to redesign their product offerings to reduce running costs while increasing sustainability. This can be achieved by utilizing newer technology innovations in air conditioning like HVAC controls and building systems that help in reducing energy consumption.

Market intelligence solutions offered by Infiniti Research also delivers a detailed analysis on the competitive landscape of the industry including the prominent vendors in the market to help the associated firms craft a better strategy to face the competition and attain their slice of the competitive advantage.

Additionally, our solutions also bestow an in-depth understanding of new and emerging trends in the air conditioning industry that helps firms understand and profit from the advancement of technologies, business models and other related aspects that impact this exciting and progressive business discipline.

Fiberglass

Building Stronger Cities with Fiberglass and Actionable Market Insights

As cities are getting bigger, an ever-incrementing number of skyscrapers and aesthetically appointed buildings are adding to the urban skyline. Underneath the facade, and directly contributing to their durability, is a new composite material that has already ingrained itself in the automotive and manufacturing sectors. Fiberglass is explained as a ‘reinforced plastic material composed of glass fibers embedded in a resin matrix’- and, the popularity of this versatile construction material is on an upcurve.

As a manufacturer of fiberglass materials, the forthcoming time slab between 2017-2021 will be an exhilarating and equally exhausting experience for your business. While the unchecked speed of urbanization and massive investments on infrastructure projects across the world will spell opportunities, the ever-incrementing cost of construction, cut-throat competition and the emergence of carbon fiber technology as a legitimate threat will keep you grounded. The road ahead seems lithe and profitable, yet what are the guarantees?

How Market Insights help the Construction Industry Brave the Challenges?

Actionable Insights will serve as the wind beneath your wings. With a booming industry and a profit making personal enterprise, many businesses have the tendency to switch onto the auto-piolet mode and breeze through challenges that are either severely localized or are just internal conflicts. Larger concerns that amount to emerging competition, later day technologies, compatibility with set rules and regulations and questions over quality, production capacity and fluctuating prices aren’t given their due attention. Actionable insights, as presented by a competent market intelligence partner, helps your business deal with the following inevitable questions.

As a manufacturer, can you afford to let your competitor make the next move? Is innovation and R&D truly the way out? What are the next set of waves to impact the global fiberglass building products market? And, are you ready to ride these waves onto sustained profitability?

The Infiniti Advantage – Expert Approach to an Evolving Problem

Photo of 3d printed pieces in an Advanced Manufacture Laboratory.

According to an internal market research paper penned by Infiniti Research, the global fiberglass market is worth an imposing USD 12.8 billion in 2016, and the fiberglass building products market constitutes 28.99% of this global behemoth. Not surprisingly, the latter is expected to reel in USD 4,883.6 million by 2021 at a commendable CAGR of 5.65%. By all estimates, fiberglass will play an important role in the fortunes of our expanding megacities- imbibed in roofs and walls, which as a result will be more shock absorbent, corrosion resistant, will demand less maintenance, be fire-resistant, lightweight and have superior strength when compared to conventional construction materials.

With its research expertise stretching to markets in 100+ countries, Infiniti Research can help your business discern between realistic possibilities and financial liabilities. An expert team of 500+ analysts are proficient at reaching out to the luminaries in your area of specialty, and gain from them qualitative and quantitative insights that can then be superimposed over your marketing roadmap. With these deep insights, your business can make the adequate adjustments, investments or excise away the unnecessary obligations, thereby streamlining your business for sustained and assured profitability.

Dealing in Fiberglass Building Products?

Infiniti Research is the market insights partner you’re looking for