Emerging IT Trends in Manufacturing Industry in 2016

Emerging IT Trends in Manufacturing Industry in 2016

Manufacturing Technology Insights | Friday, November 30, 2018

FREMONT, CA: With the increasing consumerization of IT technologies such as cloud computing, virtualization, mobility and social media are creating new opportunities and challenges for device and equipment makers. Manufacturing companies are looking out for an innovative solution to expand their product portfolio, build out a service ecosystem, shape infrastructure strategy and reach customer expectations. Catering as a solution to fulfill these needs, High-Tech manufacturing is transforming manufacturing operations spanning enterprise supply chain, enterprise resource planning (ERP), business analytics (BI), data warehousing, digital security and privacy, and more. Booz Allen believes that 2016 will be a crucial time for high-tech manufacturing. Collecting the information from insights across shifting landscape, the company has also compiled a list of manufacturing trends for 2016.

Sedar LaBarre, Vice President, Head of Booz Allen Hamilton’s High-Tech Manufacturing business said that with the increased presence of connectivity, companies have to focus more on the development of quality of life-enhancing services and customized products to the customers and maintaining a sustained relationship with them.

As the industry changes, Booz Allen’s experts have identified five trends within high-tech manufacturing for the next year.

Manufacturers are now safe with the Digitalization of their Assets

Advanced Analytics is reshaping the manufacturing operations by digitalizing the company’s assets providing workers safety and increased efficiencies. Manufacturers can now optimize their inventory with the supply chain and operations data that helps them in achieving granular visibility into real-time market demand.

Technologies Accelerate the Speed Race

The new innovations of high-tech manufacturing like crowd sourcing, rapid prototyping, 3D printing, and Over-the-Air (OTA) updates help manufacturers to simulate factory floor layouts and configurations to optimize space and the operation time. Feedback loops enabled by product sensors and social media analytics will allow manufacturers and service providers to design updates to products in near-real-time.

Smart Manufacturing

The Internet of Things (IoT) is transforming traditional manufacturing into smart manufacturing. Factories and plants that are connected to the Internet are more efficient, productive and smarter than their non-connected counterparts. IoT enables manufacturing companies to drive inefficiencies out of their systems, manage workforce skills gaps and uncover new business opportunities. Companies will attempt to bring in the talented workers that have generally gravitated toward Silicon Valley. Companies will reflect their brands, start operations on the West Coast and build STEM partnerships with secondary educational institutions and developing rotational programs for emerging leaders.

Cybersecurity being the major concern

With the rise in connected technology, there is increase in vulnerability to hacking. To gain the trust of customers, companies should assure a commitment to privacy and security with timely cyber incident response. For this, security must be built during product design, production, sourcing, and distribution phases, and extending it even after the purchasing is done.

Paving a Way to Next Generation

The next generation robots help manufacturing companies to make operations more efficient, especially in the product distribution process. Major Key players in retail industry like Google, Amazon, and eBay are already using robotics to their warehouse for streamlining their operations. The main aspect behind prioritizing robotics within the industry is that it enhances delivers time.

Check out: Retail Tech Insights

Check Out:- The Manufacturing Outlook


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