In this fast-paced world, consumers are demanding new gadgets that have the latest features and can deliver the most immediate service. But how will manufacturing firms keep pace with this growing demand and rising competition to produce these increasingly complex goods?
The industrial revolution is connecting the computing power and machine technologies to create a better and efficient workplace that harness the capabilities of operational, informational, and communication technologies.
• Potentials of AI and AR
As per a study by Markets and Markets, the AI market was worth $16 bn in 2017 and is predicted to reach more than $190 bn by 2025. As the popularity and acceptance of Artificial intelligence (AI) is rising, tech experts believe that it will become an industrial game-changer. AI can be used to enhance quality controls in factories. Visual inspection systems must be trained with data sets of around one million images to ensure that one can identify all potential flaws. AI can reinforce existing human resources thereby empowering workers to swiftly identify mistakes and faults that weaken the production chain and product quality.
Augmented Reality can help in identifying issue much more quickly and effectively, which frees up time both for resolving the issue and sharing the data more quickly. AR can help technicians to minimize the amount of time wasted by merely trying to locate the problem, enabling one with more time to perform tasks that are beneficial for an organization.
Both AI and AR require 5G enabled accesses to large quantities of real-time, quality data to achieve maximum efficiency.
• Replacing WiFi with 5G
WiFi has transformed the world and has expanded the capabilities in ways too diverse but is a significant drawback when one has to wait for a webpage to load. On the manufacturing floor, these frustrating delays can be expensive, limiting productivity, and affecting profit margins. Mobile internet connections are stronger than WiFi in several areas. However, to take advantage of higher data speeds and greater reliability, manufacturers are considering adopting a private 5G network.
• Supply Chain Management
Visibility into a delivery’s route is essential in supply chain management. With modern tracking equipment, such as QR code scanning and radio-frequency identification (RFID), product logging is done only during arrival; however, if damage occurs, it can be difficult if not impossible to pinpoint at what stage of the journey the accident happened. With 5G scenarios installed, supply chain stakeholders can determine information about the package- its location, temperature, moisture level, and more.
Check out: The Manufacturing Outlook