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Industry 4.0 had been driving significant changes throughout production functions even before the outbreak.
FREMONT, CA: Although the pandemic had quite a significant impact on manufacturing, causing production to be on halt and supply chains to be disrupted all over the world, it also hastened the industry's technological transition. The bottom line for industry stakeholders is that really smart manufacturing could become a reality relatively soon.
During the global pandemic, manufacturing operations got severely harmed all around the world. Nonetheless, COVID-19 proved to be a watershed moment for the business. To rethink value chains and remain robust during crises, leading players implement some drastic reforms, like smart manufacturing. Industry 4.0 had been driving major changes throughout production functions even before the outbreak.
Here are a few key initiatives that will help accelerate the worldwide implementation of smart manufacturing.
Industrial IoT (IIoT) usage will increase: If statistics must get believed, smart manufacturing will progressively use IIoT to optimize industrial operations in various ways. As manufacturers emphasize linear transactions that prioritize performance and efficiency to productivity and consumer experience, IIoT will become increasingly important. The Internet of Things (IIoT) is at the heart of enterprises' modernization efforts since it will enable a more comprehensive and long-term strategy to deliver new client experiences. It would also allow industrial companies to expand and improve their IoT use cases and enable seamless IT-OT convergence, seen as the next big thing in manufacturing.
Improved AI/ML use factors to optimizing operations and consistency: Manufacturers are rethinking demand forecasts, production, supply, and logistics management as a result of the worldwide upheaval. Manufacturers will progressively use advanced automation technologies like AI/ML and predictive analytics to maximize planning rather than rely on conventional data sets that only yield limited insights.
COVID-19 has shown to be a significant pivotal moment for additive manufacturing or 3D printing technology, with additive manufacturing becoming a legitimate industrial manufacturing technology. Manufacturers worldwide have embraced 3D printing to develop new items, manufacture on-demand quickly, and, most significantly, create locally during periods when supply chains get disrupted.
Manufacturing's New Normal Will Benefit from Digital Technologies: The industrial industry must adjust to a new paradigm of remote work and collaboration. As an industry where remotely working was a foreign concept, manufacturing will have to make considerable changes to the way it operated previously. Companies need to ensure that non - critical employees can keep on remote working is the new normal, while essential employees have safe working conditions. Consequently, companies will invest in more than just cooperation, physical separation, and location-tracking technologies.