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Manufacturing companies can launch digital transformation by identifying improvement opportunities that will lead to significant customer benefits.
FREMONT, CA: There is no doubt that manufacturing is shifting to digitalization. Higher customer expectations, increased connectivity, and technological advancements are some of the most significant drivers of this continuous digital transformation.
Several businesses have started to identify the long-term advantages of digital transformation. If they decide to go digital, they will benefit massively from increased efficiency, optimized data use, a broader scope of innovation, and overall cost savings.
As Industry 4.0 is still in the process, it can be an exciting opportunity for the manufacturing sector. Many businesses are changing direction by using innovative technology to automate manual processes.
The year 2020 will continue to pursue the digital transformation trends that have been established in this area over the last few years. The difference is not so much in the type of technology used in the increased number of businesses adopting digitalization.
Let's take a look at some of the most-followed digital transformation trends in 2020.
3D Printing Technology
3D printing is a popular topic in the manufacturing sector when it comes to digital transformation. The use of this technology enables businesses to create prototypes that are both faster and less expensive. Developments in this field have nearly cut costs in half while providing twice the performance.
It is a cost-efficient method for product designers to troubleshoot and test their products. It also assists industrial manufacturers in producing commodities of high demand.
The Internet of Things (IoT) is a network of various physical objects that are integrated with the software. It can be defined as an interconnected network of sensors and electronic devices that collect and exchange data.
The machines on the manufacturing floor are networked through the IIoT, or Industrial Internet of Things. The system gathers data to power AI and performs predictive analytics. The Industrial Internet of Things (IIoT) is immensely changing the manufacturing industry. It is influencing how products are manufactured and delivered.
5G and Smart Manufacturing
In recent years, everyone has been talking about 5G. This year is critical because 5G has finally joined the manufacturing world.
Industry 4.0, also known as the fourth industrial revolution, ushers in an era of smart factories with connected devices that can communicate with one another and make decentralized decisions. This change is not achievable without 5G. This fifth-generation mobile network is faster, powerful, and can support full IIoT integration in a smart factory.