Manufacturing and the Digital Transformation
The digital transformation is leaving its mark on the manufacturing industry. It’s up to you to make sure your competitors don’t leave your organization in the dust.
Here are a handful of manufacturing trends in the IT sector we’re monitoring:
- IT and OT converge — IT systems used for data-centric computing are being merged with the operational technology systems used to control and monitor processes and devices, creating smarter, more efficient operations. Advances in connectivity, big data and the expansion of the Internet of Things have opened the door for a new breed of intelligent manufacturing technology.
- The rise of XaaS — Driven by growth of the IoT and the cloud, many organizations are moving from product models to service models, giving their customers more options with greater flexibility. While XaaS has historically referred to cloud computing, it is increasingly being used to define all service-based business models.
- Manufacturing becomes intelligent — Augmented with smart sensors and advanced data processing, manufacturing is more connected and intelligent than ever. By 2021, 20 percent of G2000 manufacturers will have moved to an intelligent manufacturing model. Businesses will generate $2.9 trillion in business value from AI by 2021.
- Manufacturing technology evolves — Manufacturing technology continues to evolve, unlocking new opportunities to improve manufacturing processes, better support employees, and create new, innovative products. Two-thirds of U.S. manufacturers reported deploying 3-D printers in some capacity. By 2025, spending on robotic systems will reach $67 billion.
- Businesses adapt to an evolving workforce — As Baby Boomers approach retirement and a new, young, highly educated workforce enters the marketplace, businesses are being force to rethink how they operate. Older adults (ages 55 and up) are now the fastest-growing segment of the American workforce. There could be a need for 736,000 data scientists by 2024, yet estimates only forecast 438,000 data scientists in the workforce.
- Living in the age of uncertainty — In an incredibly polarized political environment, attitudes can shift on a dime, making it difficult for companies to plan for the future. Forty-nine percent of business leaders feel they are exposed to more uncertainty today than they were three years ago. And 42 percent of global CEOs reported over-regulation as a top concern.
Stay on top of your manufacturing trends as they happen by making sure your organization is evolving alongside the digital transformation taking over the industry. To ensure your IT infrastructure is ready to handle the digital transformation, you need an IT consultant that can keep up with all of the latest manufacturing trends. 2W Technologies, INC works primarily with manufacturing companies, so we understand the distinct needs of companies in your industry need from an IT consultant. We are a Microsoft Gold Partner, as well as an Epicor Gold Partner. Contact us today.