Manufacturing Trends to Watch Out For
Even before COVID, Manufacturing has been one of the most significant industries across the world. Especially in the last 6 months, we have seen monumental developments achieved at a fast pace. The ever-changing world, coupled with the digital transformation is going to continue to push manufacturing trends to new heights.
Here are some of the manufacturing trends that will dominate the remainder of 2020 and throughout 2021:
- AI and Machine Learning: The complexity of manufacturing is causing the desire for artificial intelligence and machine learning to spike. Whether it’s in the supply chain, factory floor, or in client relations AI, advanced analytics and machine learning can significantly improve a company’s operations. AI and Machine Learning offer speed, scale and convenience that manufacturers are always desperate to achieve.
- 5G and Smart Manufacturing: 5G only have been talked about recently, has vowed to surpass the expectations of clients and companies in connection bandwidth, capacity, minimum latency, and more. When companies start to increase their utilization of cloud, centralized tracking, and quality inspection, 5G will already be in place. This is the foundation that will allow the ecosystem of smart manufacturing to be born and thrive.
- 3-D Printing: This technology is expected to allow organizations to make cheaper and faster prototypes. It will allow for organizations to troubleshoot and test their commodities, whereas the expense and complexity of it before prohibited this. The aerospace and automotive manufacturing industries have already embraced 3-D. Next year, we will witness many sectors, especially the manufacturing industries adopting 3-D technology.
- Internet of Things: IoT is predicted to be about 20.4 billion connected devices before 2021. Business insider Intelligence noted that this technology would expand to over $3 trillion yearly before 2026. That is tremendous growth. The manufacturing industry embraces IoT throughout the evolution of materials, a transformation of processes, and the production chain.
One trend that is not pacing the way it was expected is the adoption of Industry 4.0. It is slowly becoming more complex and is tremendously gaining wider adoption throughout manufacturing. Industry 4.0 capabilities hasn’t been fully realized in most organizations, so we are hoping this begins to trend and pick-up speed in 2021.
2W Tech is a technology service provider specializing in solutions for the manufacturing industry. Give us a call today to learn more about the technologies that make up the digital transformation to ensure your business is keeping up with the necessary manufacturing trends.
The Cost of Downtime and the Significance of Business Continuity
Power BI for Epicor Templates: Sales Review