James Iversen
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James Iversen In The News
WisBusiness - Talking Trade (2024-09-17)
The latest episode of “Talking Trade” features insights from ABI Research analyst James Iversen, who discusses a recent survey of U.S. and German manufacturers.
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Design Engineering (2024-09-10)
According to a recent report from ABI Research, the added revenue from Gen AI use cases in manufacturing will be US$10.5 billion by 2034. As well, ABI found that the overall sentiment toward deploying Gen AI solutions in manufacturing is to take a slow-and-steady approach. To achieve this goal of steady progression, Gen AI suppliers are listening to the day-to-day problems faced by manufacturers and are working backward on how AI can be a solution.
“The current focus of vendors is to make Gen AI available and useful to as many employees as possible, regardless of job title or function,” explains James Iversen, industrial and manufacturing industry Analyst at ABI Research. “This holistic approach is supported by the industry trend of free or freemium Gen AI models. Vendors are more focused on garnering users than profitability at this moment.”
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PLM & ERP News (2024-05-23)
”Overall, the PLM software market is a well-defined ecosystem with clear industry leaders for both process and discrete manufacturing industries. PLM vendors are benefiting from the emerging trends of SaaS deployment along with low or no code customization, enabling more fluid and personalized experiences. Vendors that prioritize and invest in these trends are increasingly competitive, but the strongest solutions come from vendors that provide the full suite of core capabilities along with innovation,” explains James Iversen, industrial and manufacturing industry analyst at ABI Research.
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Manufacturing.net (2023-12-19)
Generative AI is everywhere and it is predicted that the technology will boost industry revenues by enabling faster, more precise innovation, as well as automating processes. ABI Research predicts that generative AI will unlock $10.5 billion in new revenues for the manufacturing industry by 2033.
“Generative AI has growth that will derive from functionality and use cases across market verticals. The deployment of generative AI will come in three waves as the technology matures, with manufacturing seeing the largest revenue growth during the second and third waves. During the second and third waves of adoption, generative AI will be deployed into four domains of manufacturing: design, engineering, production, and operations,” says James Iversen, Manufacturing and Industrial Industry Analyst at ABI Research.
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Future CIO (2023-08-23)
ABI Research forecasts that total industrial cloud platform revenue in manufacturing will surpass US$300 billion by 2033 with a CAGR of 22.57%, driven by solution providers enhancing platform operability while expanding partner ecosystems for application development.
ABI attributes the growth in cloud use to new architectural frameworks that enhance data extraction and operability for manufacturers looking to maximize utility from their data.
“Historically, manufacturers have built out their infrastructure to include expensive data housing in the form of on-premises servers,” says James Iversen, industrial & manufacturing technologies industry analyst at ABI Research.
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Control Engineering Europe (2023-08-22)
“Historically, manufacturers have built out their infrastructure to include expensive data housing in the form of on-premises servers,” explained James Iversen, Industrial & Manufacturing Technologies Industry Analyst at ABI Research. “The large initial upfront cost of purchasing, setting up, and maintaining these servers is a selling point for cloud manufacturing providers who beat them out in costs. With low data storage prices, manufacturers who switch to a cloud-based system can see up to 60% reduction in overhead costs relating to data storage.”
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