New research insights from Info-Tech Tech Research Group will
equip food and beverage manufacturers with essential strategies for
embracing digital transformation. The global research and advisory
firm explains that the industry can significantly enhance
productivity, reduce costs, and improve product quality by focusing
on automation, data analytics, and IoT. Info-Tech's industry
blueprint is crucial for organizations aiming to navigate the
digital landscape, achieve sustainable growth, and stay competitive
in a rapidly evolving market.
TORONTO, July 4, 2024
/PRNewswire/ - Facing a landscape defined by constant change
and heightened consumer demand, the food & beverage industry
needs strategic interventions for sustainable growth. CIOs are
under pressure to create more resilient supply chains using
advanced technologies while staying compliant with food safety and
quality regulations. In response to this pressing need, Info-Tech
Research Group has published its latest blueprint, Priorities
for Adopting an Exponential IT Mindset in the Food & Beverage
Manufacturing Industry. This research serves as a roadmap for
IT leaders in the industry to navigate the complexities of digital
transformation and achieve sustainable growth. The firm advises
that by leveraging data analytics, automation, and IoT,
organizations can make more informed decisions, streamline
processes, and respond quickly to market demands.
Info-Tech's research insights highlight the obstacles faced by
the food & beverage manufacturing industry when it comes to
adopting the latest technologies. One of the main challenges is
employees' resistance to change due to fear of job loss, lack of
understanding, or discomfort with new technologies. Additionally, a
persistent skills gap in the workforce, particularly in areas like
cybersecurity, data analytics, and technology management, hinders
progress. However, the firm emphasizes that understanding these
barriers and embracing the opportunities presented by exponential
technologies will allow manufacturers to optimize their operations
and drive innovation, competitiveness, and sustainable growth.
"While food & beverage manufacturers have seen
improvements in throughput over the last couple of years, a
majority of them are also seeing their profits decline because of
increasing material costs per product," says Shreyas Shukla, principal research director at
Info-Tech Research Group. "Executives from the industry believe
that smart factory solutions will drive exponential benefits over
the coming years. CIOs are beginning to take center stage in
navigating these complexities effectively and steering their
organizations toward a future that is more efficient, sustainable,
and profitable. This is why it is crucial for CIOs to understand
the working priorities that underpin the use of Exponential IT and
use these concepts to their advantage."
The report further details the urgent need for the manufacturing
industry's IT leaders to adopt Exponential IT to address industry
disruptions swiftly. Info-Tech explains that speed is imperative,
and all IT leaders and organizations are at risk of falling behind
if they do not adopt new technologies quickly.
In the new blueprint, Info-Tech highlights four key
priorities for IT leaders in the food & beverage industry
to effectively leverage Exponential IT:
- Prioritize Human-Centered Leadership: Hire talent
to build and train workers to use collaborative digital
technologies to drive tailored production, resource efficiency,
precision, and flexibility.
- Transform Infra & Apps to Utilities: Accelerate
value realization by integrating scalable technologies and
implementing rigorous performance management systems to drive
measurable improvements.
- Fund Exponential Value Creation: Leverage cloud
technologies, "as-a-service" products, and agile delivery methods
to align technological enhancements with organizational
objectives.
- Boost Vendor Management Practices: Embrace external
partnerships with vendors, partners, system integrators, and
product companies to enhance access to the latest technologies and
shared expertise.
As outlined in the firm's blueprint, Exponential IT is a
long-term transformation plan executed through a series of
initiatives that run parallel to an existing IT strategy. It is not
a side project, and it should not be the only focus of the IT
organization. Therefore, Info-Tech suggests that IT leaders embed
an Exponential IT roadmap into their IT strategy, with a focus on
the initiatives that align most closely with the organization's
goals and strategy each year.
For exclusive and timely commentary from Shreyas Shukla, an expert in the manufacturing
sector, and access to the complete Priorities for Adopting
an Exponential IT Mindset in the Food & Beverage Manufacturing
Industry blueprint, please contact
pr@infotech.com.
Info-Tech LIVE 2024
Registration is now open for Info-Tech Research Group's annual
IT conference, Info-Tech LIVE 2024, taking place September 17 to 19, 2024, at the iconic Bellagio
in Las Vegas. This premier event
offers journalists, podcasters, and media influencers access to
exclusive content, the latest IT research and trends, and the
opportunity to interview industry experts, analysts, and speakers.
To apply for media passes to attend the event or gain access to
research and expert insights on trending topics, please contact
pr@infotech.com.
About Info-Tech Research Group
Info-Tech Research Group is one of the world's leading research
and advisory firms, proudly serving over 30,000 IT and HR
professionals. The company produces unbiased, highly relevant
research and provides advisory services to help leaders make
strategic, timely, and well-informed decisions. For nearly 30
years, Info-Tech has partnered closely with teams to provide them
with everything they need, from actionable tools to analyst
guidance, ensuring they deliver measurable results for their
organizations.
To learn more about Info-Tech' divisions, visit McLean &
Company for HR research and advisory
services and SoftwareReviews for software buying
insights.
Media professionals can register for unrestricted access to
research across IT, HR, and software and hundreds of industry
analysts through the firm's Media Insiders program. To gain access,
contact pr@infotech.com.
For information about Info-Tech Research Group or to access the
latest research, visit infotech.com and connect via
LinkedIn and X.
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SOURCE Info-Tech Research Group