4 Trends to Modernize Manufacturing Practices

4 Trends to Modernize Manufacturing Practices

Manufacturing Technology Insights | Tuesday, August 13, 2019

Industrial manufacturers are keeping pace in a quickly evolving industry by tacking transformation head-on and embracing change.

FREMONT, CA: Several ever-evolving trends and technologies will shape the future of the manufacturing business. Innovations such as Artificial Intelligence (AI), drones, 3D printing, and the Internet of Things (IoT) have been unwaveringly maturing along their trajectories. The manufacturing sector's digital transformation should recapitulate to accelerate with this integrated unlocked potential. The fourth industrial revolution is modifying manufacturing by yeilding manufacturers with the chance to utilize advanced manufacturing inclinations throughout the product lifecycle. Manufacturers are profiting from increased visibility into substantial cost savings, operations, more agile production times, and the ability to offer excellent consumer support. The only way manufacturers can stay forward of competitors and influence market share in today's swift morphing environment is by embracing change. Businesses need to stay modernized with modern manufacturing trends.

• Intelligent Manufacturing

The theory of intelligent manufacturing is always evolving. It is a big scale integration cutting-edge artificial intelligence and advanced manufacturing technology  and processes. Smart manufacturing works to help companies optimize organizational operations, enhance the efficient allocation of resources, upgrade product quality, and positively affect customer service. Advancements in digital technology are propelling the rise of intelligent manufacturing. Integrated systems can now facilitate communication and collaboration between equipment and people. It allows the creation of customized products to be achieved with the efficiency of mass production. Manufacturers can boost customer engagement and positively affect relationships with equipment end users.

• The Internet of Things (IoT)

The integration of networked sensors and intelligent devices with connected equipment on the manufacturing plant floor is one of the most impactful and transformative trends. The ever-developing IoT has transformed traditional supply chains into dynamic and interconnected systems and is radically changing products are made, advanced organizational safety and effectiveness, and alleviated regulatory costs. The IoT has a profound effect on the manufacturing business and offers the potential to develop more in the upcoming years. IoT is capable of helping manufacturers enhance productivity and efficiency, and can be leveraged to positive customer service and end-user relationships.  

• Workforce Training

Recently there is no overstating the importance of the manufacturing industry's skilled employee shortage. By investing in coaching and education, critical stakeholders inside and outside the manufacturing business can begin to connect with the workforce of tomorrow. It will encourage them to strongly consider a career as skilled workers and develop them into qualified employees.

• Artificial Intelligence

It is the beginning to be combined more into manufacturing as AI is everywhere. Manufacturing facilities will grow into connected networks of people and machines with supply chain assets, production, design teams, and quality limitation. It will all be integrated into a brilliant engine that monitors everything and provides actionable data and insights. AI comes in many forms and makes its presence acknowledged in manufacturing facilities as virtual reality, IoT, automation, and robotics. There are concerns about AI replacing human workers in many businesses, but it is this technology that will drive increased efficiency and productivity. Incorporating the technology to improve manage operational assets, businesses are free to concentrate their time, efforts, and resources on product innovation and other key strategic priorities.

Industrial manufacturing businesses need to understand that their consumers are increasingly expecting more stable, transparent, and dynamic B2B relationships. Digital tools and innovations can facilitate an improved customer experience, such as through blockchain-based traceability solutions, more deeply integrated and configurable price quote portals or even product-as-a-service (PaaS) offerings in which smart products are monitored and maintained.

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