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Manufacturing Technology Insights | Friday, June 04, 2021
Modern technologies enable manufacturers to reduce costs, optimize processes, improve the quality of their products, and increase their workforce's overall productivity. If any business does not capitalize on the Digital Transformation wave, thriving in the coming years will become increasingly difficult.
FREMONT, CA: The manufacturing industry took a severe hit in 2020, and since then, businesses have been attempting to reclaim their former prominence. Companies have been interested in investing in new-age technology solutions over the last few years, and they are reaping the benefits. Let's look at the four major trends that will dominate the Manufacturing industry in 2021 and how each will define the industry's digital transformation journey.
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Internet of Things (IoT)
Alike 2020, the Internet of Things will continue to be in trend for the next few years. Businesses have recognized its importance. It remains popular because of its use. IoT enables the connection of various types of devices via the internet to automate tasks and make informed real-time decisions based on available data. Businesses can oversee the supply chain, identify defects during production, and ensure worker safety through IoT. IoT has become essential regardless of the manufacturer's size, offering a massive opportunity in the future.
Big Data Analytics
Companies are shifting their focus from local servers to cloud computing, which helps them collect data from every point of the manufacturing line. Having data in hand will allow companies to revisit their strategy and their business at a granular level. However, having data is different from making sense of it. In business, time is money. A one-second production delay could affect revenue and profitability.
5G
5G is here, but companies should utilize it to boost their smart manufacturing ecosystem. It will provide higher-speed bandwidth, make communication faster, and save time. It will make it easier for manufacturers to implement multiple sensors on various devices, improve the cloud infrastructure, and improve the part identification. Additionally, future manufacturing also includes devices that communicate with each other, but devices that can connect to other facilities and automatically adjust the quantity of production based on the input.
Digital Adoption Platform
Procuring raw materials is one of many processes in the backend. Raw material procurement is critical because nearly half of the production is outsourced. It may be difficult to input details when the volume is so high. At the same time, the data's accuracy and integrity are critical. Training employees traditionally is challenging to scale. Using online channels doesn't guarantee engagement. Training your employees is only effective if they are fully engaged, and using a Digital Adoption Platform will help with that and more.
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