Avery Dennison Corporation – Digital Transformation Strategies
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Avery Dennison has been focusing on AI-led innovation as a part of its digital transformation strategies. The annual ICT spending of Avery Dennison was estimated at $371.2 million in 2022. A major share of this spending is earmarked for acquiring software, hardware, and consulting from vendors. Avery Dennison is a provider of labeling and packaging materials and solutions It produces pressure sensitive materials, tags, labels, tickets, fasteners, tickets, radio frequency identification (RFID) inlays, imprinting equipment, and related services.
The Avery Dennison Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, investments, acquisitions, ICT spending among others.
Digital Transformation Strategies
Avery Dennison has adopted ML algorithms to prevent breakdown of machines in its label materials factories. The algorithms continuously monitor the functioning of the machines and alert concerned staff when they detect signs of a forthcoming breakdown. This enables technicians to carry out preventive maintenance works and ensure seamless functioning of machines. The ML technologies help Avery Dennison in lowering operational overhead, save time, and maintain productivity targets.
To gain more insights on digital transformation strategies and initiatives of Avery Dennison, download a free report sample
Avery Dennison Technology Theme Focus
Avery Dennison is utilizing number of emerging technologies including artificial intelligence, big data, cloud computing, IoT, and alternative reality to improve operational efficiency and enhance service capabilities.
Avery Dennison Technology Focus
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Avery Dennison Technology Initiatives
Avery Dennison has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, acquisitions, and technology investments over the past few years.
For instance, Avery Dennison launched atma.io, a cloud-based product platform for optimizing supply chain management. Atma.io allows businesses to assign unique digital IDs to products. The digital IDs can be integrated into different tags such as QR codes, RFID, etc. This makes the atma.io compatible with different types of tags. Through the digital IDs, businesses can clearly communicate the way its products are made and launch new business models such as direct to consumer, peer to peer commerce, etc. On the other hand, the digital IDs allow customers to learn about a product’s authenticity, expiry date, area of origin, etc. by scanning the tags.
For more insights on other technology initiatives of Avery Dennison, download a free report sample
Avery Dennison ICT Spend by Function
- Communications
- Data center
- Network
- Application
- End-user computing
- Service desk
- Management
Avery Dennison ICT Spend by Function, 2022
For more insights on ICT spending by function, download a free report sample
Avery Dennison ICT Spend by Channel
- Internal development and maintenance
- Technology vendors
- Local resellers
- Telcos
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
Avery Dennison ICT Spend by Channel, 2022
For more insights on ICT spending by channel, download a free report sample
Avery Dennison External ICT Spend by Segment
- Software
- Hardware
- Network and Communications
- ICT services
- Consulting
- Others
Avery Dennison External ICT Spend by Segment, 2022
For more insights on external ICT spending by segment, download a free report sample
Avery Dennison Digital Transformation Strategies Overview
| Total ICT Spending 2022 | $371.2 million |
| ICT Spend by Function | Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management |
| ICT Spend by Channel | Internal Development and Maintenance, Technology Vendors (Direct), Local Resellers, Telcos, ICT Services Providers/Consulting Firms, Specialist Outsourcers, and Systems integrators |
| External ICT Spend by Segment | ICT services, Software (including Cloud SaaS), Hardware (including Cloud Iaas), Network and communications, Consulting, and Others |
| Technology Theme Focus | Artificial Intelligence, Big Data, Cloud Computing, IoT, and Alternative Reality |
This report provides:
- Insight into Avery Dennison’s technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering partnerships, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets and major ICT contracts.
Scope
Avery Dennison has been focusing on AI-led innovation as a part of its digital transformation strategies. The annual ICT spending of Avery Dennison was estimated at $371.2 million in 2022. A major share of this spending is earmarked for acquiring software, hardware, and consulting from vendors. Avery Dennison is a provider of labeling and packaging materials and solutions It produces pressure sensitive materials, tags, labels, tickets, fasteners, tickets, radio frequency identification (RFID) inlays, imprinting equipment, and related services.
The Avery Dennison Digital Transformation Strategies report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, investments, acquisitions, ICT spending among others.
Reasons to Buy
- Gain insights into Avery Dennison’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships, investments, and acquisitions.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Avery Dennison in 2022?
The annual ICT spending of Avery Dennison was estimated at $371.2 million in 2022.
-
What are the key ICT spending categories by function for Avery Dennison?
The key ICT spending categories by function for Avery Dennison are communications, data center, network, application, end-user computing, service desk, and management.
-
What are the key ICT spending categories by channel for Avery Dennison?
The key ICT spending categories by channel for Avery Dennison are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
-
What are the key external ICT spending categories by segment for Avery Dennison?
The key external ICT spending categories by segment for Avery Dennison are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), network and communications, consulting, and others.
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What are the key technology themes in focus for Avery Dennison?
The key technological theme in focus for Avery Dennison are artificial intelligence, big data, cloud computing, IoT, and alternative reality.
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