Molex, a global electronics leader and connectivity innovator, today offered its 2023 industry predictions fueled by the increased investment in applications using real-time data to propel major advancements across automotive, consumer devices, data center and connected healthcare markets. The emergence of powerful applications, such as artificial intelligence, AR/VR, digital twins, sensors and machine learning, benefit from connected data to deliver unprecedented customer value, starting with product design and ideation and extending to supply chain intelligence, advanced manufacturing and fulfillment
Actionable data insights ignite major innovations in automotive, consumer devices, data centers and connected healthcare applications
Artificial intelligence, AR/VR, digital twins, sensors and machine learning enriched by proliferation of new data sources
Increased investments in edge computing and Industry 4.0 platforms needed to alleviate the strain of data-driven applications on IT infrastructures
LISLE, Ill., Nov. 16, 2022 /PRNewswire/ -- Molex, a global electronics leader and connectivity innovator, today offered its 2023 industry predictions fueled by the increased investment in applications using real-time data to propel major advancements across automotive, consumer devices, data center and connected healthcare markets. The emergence of powerful applications, such as artificial intelligence, AR/VR, digital twins, sensors and machine learning, benefit from connected data to deliver unprecedented customer value, starting with product design and ideation and extending to supply chain intelligence, advanced manufacturing and fulfillment.
"The collection of rich data has produced initial waves of highly-intelligent, specific applications that are transforming entire industry segments while creating a glut of information that causes bandwidth and latency issues," said Lily Yeung, VP at Molex Ventures. "As more applications for AI, AR/VR and IoT sensors emerge, we expect pressure for faster cloud-computing speeds and edge-computing solutions that move data processing and computational storage closer to the edge of high-speed networks. Additionally, we see a continued push for 5G, diagnostic wearables and electrification, which will contribute to ever-increasing amounts of data that must be collected, calibrated and shared across a multitude of smart devices and platforms."
Molex also forecasts a rise in cross-functional data collection to support integrated demand planning and end-to-end supply chain visibility across the electronics ecosystem. Integrated risk insights will boost logistics visibility, recovery and transportation while digital twins will play a major role in improving supply chain visibility, agility and performance. These trends, among others, will accelerate the pace of market-specific innovations in 2023, including:
Automotive applications put data front-and-center
Industrial metaverse will impact development of consumer devices and IIoT solutions
Data center investments will continue to focus on processing speed and capacity
Demand for personalized/customized healthcare solutions will dominate
Molex is a global electronics leader committed to making the world a better, more-connected place. With presence in more than 40 countries, Molex enables transformative technology innovation in the automotive, data center, industrial automation, healthcare, 5G, cloud and consumer device industries. Through trusted customer and industry relationships, unrivaled engineering expertise, and product quality and reliability, Molex realizes the infinite potential of Creating Connections for Life. For more information, visit www.molex.com.
SOURCE Molex Incorporated
