Industry 4.0 and allied technologies are already driving a huge change when it comes to Manufacturing. Although technologies in manufacturing are advancing at very fast pace industry 4.0 is already to set to take it to the next level.
Industry 4.0 has already benefiting manufacturers by increased visibility into operations, substantial cost savings, faster production times and the ability to provide excellent customer support.
As Competition is growing, The only way manufacturers can stay ahead of competitors and win market share is getting best out of technologies. Those companies who want excel and not just survive are on set to ripe best out Industry 4.0
In this month’s Newsletter we take a look at 5 trends that drive manufacturing in 2020
Although digital Twin technologies have been around 2003, real utilization is up when IoT came into the picture. Digital twins are virtual replicas of physical devices that data scientists and IT pros can use to run simulations before actual devices are built and deployed. They are also changing how technologies such as IoT, AI and analytics are optimized.
Manufacturers are already leveraging the benefits of IoT by connecting their existing manufacturing infrastructure to internet using unique devices. In 2020 more and more companies even from SME’s will invest in IoT to leverage more informed decisions to achieve increased efficiency, improved safety, meeting compliance requirements, and product innovation.
Increased use of Cobots
Markets have welcomed Cobots positively and some research show that by 2025 investment in cobots will be 12 billion USD. Cobots create opportunities for manufacturers to improve their production lines, increasing productivity while keeping employees safe. Cobots are compact and affordable and easy to use.
AR & VR
Assistive technologies, such as augmented reality (AR) and virtual reality (VR), will continue to create mutually beneficial partnerships between man and machine that positively impact manufacturers. These technologies help businesses work more effectively while also making them more efficient. Helping in several ways like product design, production line development, driving OEE improvements, technical and engineering support, training, team collaboration, inventory management, and more.
Businesses, to stay competitive, are striving hard to make their production lines more efficient, effective and utilize the resources to fullest all this to achieve better productivity.
The smart factory represents a leap forward from more traditional automation to a fully connected and flexible system—one that can use a constant stream of data from connected operations and production systems to learn and adapt to new demands.
While above is just a quick list of trends that will be seen in next year, it does show the opportunities that exist in 2020 and beyond for manufacturing companies with a forward-thinking and innovative outlook.
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