In the current scenario, manufacturing technologies are bringing huge transformations with Big Data analytics, advanced robotics, computer vision in warehouses, and much more. A number of manufacturers are incorporating the latest technologies for manufacturing including Artificial Intelligence, 3D printing, or the Internet of Things in order to gain unprecedented operational speed, reduced errors, and minimal human interference.
As the year is rapidly moving ahead, manufacturers need to think of innovative ways and switch to the industry 5.0 concept. This new notion disconnected more to humans and machines which can be otherwise called smart systems. There are some domains where industry 5.0 is already showing its ingenious capacity but there are more chances that it may accelerate more due to the covid-19 pandemic.
Let us understand this blog about the five technological trends that will generate a digital ripple in the manufacturing industry.
It is the foremost Technology Trend that is reaching the sky limits in recent years. This technology speaks but the manipulation of nanoscopic materials as well as Technology and there were brilliant outputs. Even though this technology is new to the industry, it is pretty sure that it will touch every corner of the manufacturing industry in the coming time. There can be a number of applications of nanotechnology that will include nanomachines, polymer nanocomposites in tires, car manufacturing, and producing effective and most stable lubricants for varied industrial applications.
2) 3D printing
3D printing has gained tremendous success in the field of product design. It is all set to create a transforming wave in the manufacturing industry. Believe it or not but today 3D printing is estimated to gain booking growth of USD 63.50 billion in the next four years. The incorporation of 3D printing in the manufacturing industry offers awesome flexibility in production cycles and helps reduce manufacturing lead times with great numbers.
Additionally, 3D printing minimizes the overall best and is highly cost-effective while also reducing the time required from designing to production. For example, the world’s leading car manufacturers are using 3D printing technology to make safety gloves and gear sticks.
3) Internet of things
The Internet of things in the manufacturing industry is all about a network of sensors that gathers every important production data and converts it into valuable insights that will indirectly or directly produce great operational efficiency with Cloud Apps. The concept of IoT has generously fused humans and machines together and has resulted in quick response times, enhanced efficiency, and better communication. The biggest benefit of using the Internet of Things in the manufacturing industry is that it helps reduce additional operational costs and also assists in generating new revenue sources. You can easily pair it with wearable devices and it will take care of your health and will indicate any risky activities. Moreover, the internet of things also contributes to making your workplace even safer and better.
We all know that the Covid-19 pandemic has hit the world and has shaken all economics as well as technological transformations that might have come up in these two years. Today, the internet of things has assisted a number of technicians to understand the code problem and has brought valuable solutions to the businesses which resulted in some growth in the revenue of the business.
4) Cloud Computing
Yes! Cloud computing is the most widely deployed technology over a number of industries and has been a major cause of business transformations. Be it plant operations, designing, developing products, supply chain integration, and much more, cloud computing has been really a boon for every space of the manufacturing industry. It has been the most efficient and dynamic Technology trend that is today reducing the cost and bringing innovative ways to improve your business.
You can easily place strong connectivity throughout various plants with cloud computing and can also manage businesses across the globe with the awesome feature of sharing data in the quickest time.
5) Big Data
If you wish to open a new organization in a new location and wish to transfer your production to the desired countries then you can leverage Big Data at its most. Big Data helps you update transfer search share query visualize and even allow data privacy which are the major factors for any rising business today. You can use the leading manufacturing software such as ERP, MES, CMMS, manufacturing analytics, and much more to take the manufacturing industry up. With the help of big data, you can also trace out the common patterns and can solve any critical problems related to manufacturing.
Speaking about its tremendous benefits, big data helps improve manufacturing while also ensuring high-quality assurance.
What makes this technology trend even more distinctive is that you can customize your product design with big data. Moreover, you can also manage the supply chain efficiently and can identify potential risks at the tip of the finger.
So, these were the topmost technological trends that are sure to set an unbelievable benchmark in the manufacturing industry. If yours is a manufacturing business then do not hesitate to incorporate these amazing Technologies at your workplaces and experience high-level benefits.
Ashwini Deshpande is a versatile writer and is fond of developing varied types of content. She puts her expertise into creating content every time and for more than 3 years she has been closely writing for avant-garde technologies such as ERP, CRM, AI, Digital Marketing, and more. Ashwini works for Sage Solutions Pvt. Ltd. which is the market leader in offering world-class ERP software in India for all small to medium-sized businesses.