New Study from Infotech Research Group

New findings from Info-Tech Tech Research Group offer food and beverage manufacturers key strategies for embracing digital transformation. The global research and consulting firm explains that by focusing on automation, data analytics, and IoT, the industry can significantly increase productivity, reduce costs, and improve product quality. Info-Tech's industry blueprint is critical for organizations looking to navigate the digital landscape, achieve sustainable growth, and remain competitive in a rapidly evolving marketplace.

TORONTO, July 4, 2024 /PRNewswire/ — Facing an environment characterized by constant change and growing consumer demand, the food and beverage industry requires strategic interventions for sustainable growth. CIOs are under pressure to build more resilient supply chains using advanced technologies while complying with food safety and quality regulations. In response to this pressing need, Info-Tech Research Group has released its latest Blueprint, “Priorities for Adopting an Exponential IT Mindset in the Food & Beverage Manufacturing Industry.” The study serves as a roadmap for industry IT leaders 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 faster to market demands.

Info-Tech Research Group's blueprint, “Priorities for Adopting Exponential IT Thinking in the Food & Beverage Manufacturing Industry,” outlines four key priorities for industry IT leaders to effectively leverage exponential IT. (CNW Group/Info-Tech Research Group)

Info-Tech's research highlights the obstacles the food and beverage manufacturing industry faces in adopting modern technologies. One of the main challenges is employee resistance to change due to fear of job loss, lack of understanding, and anxiety about new technologies. Additionally, persistent workforce skills gaps, especially in areas such as cybersecurity, data analytics, and technology management, impede progress. However, the company highlights that by understanding these barriers and leveraging the opportunities presented by exponential technologies, manufacturers can optimize their operations and drive innovation, competitiveness, and sustainable growth.

“Food and beverage manufacturers have seen throughput improvements over the past few years, but rising material costs per product have led to declining margins for most manufacturers,” said Shreyas Shukla, principal research director at Info-Tech Research Group. “Industry executives believe smart factory solutions will generate exponential benefits over the next few years. CIOs are assuming a central role in effectively navigating these complexities and leading their organizations to a more efficient, sustainable and profitable future. That's why it's so important for CIOs to understand the operational priorities underpinning the use of exponential IT and use these concepts to their advantage.”

Additionally, the report details the urgent need for manufacturing IT leaders to adopt Exponential IT to rapidly address industry disruptions. Info-Tech explains that speed is essential, and all IT leaders and organizations must adopt new technologies quickly or risk falling behind.

In the new blueprint, Info-Tech highlights four key priorities for food and beverage IT leaders to effectively leverage Exponential IT.

Prioritize human-centered leadership: Hire talent and develop and train a workforce that uses collaborative digital technologies to drive customized production, resource efficiency, precision, and flexibility. Transform infrastructure and apps into 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” offerings, and agile delivery methods to align technology enhancements with organizational goals. Strengthen vendor management practices: Leverage external partnerships with vendors, partners, system integrators, and product companies to enhance access to the latest technologies and shared expertise.

As outlined in the company's blueprint, Exponential IT is a long-term transformation plan executed through a series of initiatives that run in parallel with your existing IT strategy. It's not a side project, and it shouldn't be the sole focus of your IT organization. Therefore, Info-Tech suggests that IT leaders each year focus on the initiatives that best align with their organization's goals and strategy, incorporating the Exponential IT roadmap into their IT strategy.

For exclusive, timely commentary from manufacturing expert Shreyas Shukla and access to a complete blueprint of priorities for adopting an exponential IT mindset in food and beverage manufacturing, visit: [email protected].

Infotech Live 2024

Registration is now open for Info-Tech Research Group's annual IT conference, Info-Tech LIVE 2024, which will take place September 17-19, 2024 at the famous Bellagio in Las Vegas. This premier event will give 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 a media pass to attend the event and access research and expert insights on trending topics, please contact us. [email protected].

About Infotech Research Group

Info-Tech Research Group is a leading global research and advisory firm serving over 30,000 IT and HR professionals. The firm conducts unbiased, relevant research and provides advisory services to help leaders make strategic, timely and informed decisions. For nearly 30 years, Info-Tech has worked closely with teams to provide them with everything they need, from practical tools to analyst guidance, to ensure they deliver measurable results for their organizations.

To learn more about Info-Tech's division, check out McLean & Company for HR research and advisory services and SoftwareReviews for software purchasing insights.

Media professionals can sign up for unlimited access to IT, HR and software research and hundreds of industry analysts through the company's Media Insider program. To get access, [email protected].

To learn more about Info-Tech Research Group and access our latest research, visit infotech.com and connect via LinkedIn and X.

Source: Info-Tech Research Group

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