Smart Manufacturing Trends to Expect in 2020 |
Posted: November 26, 2019 |
One of the best things about this era is the sheer digital transformation we’re experiencing. From manufacturing industries, production and B2B businesses to small companies and retail brands, the change is happening instantly yet slowly at the same time. The technology has been pretty much the same over the years; it is just the number of companies and genres of businesses that have begun to implement it. While we’re at it, the most fascinating transformation we have been witnessing in the past couple of years is in the manufacturing industry. How over time they have realised the importance of technology and connecting themselves to IoT and other digital processes to enhance manufacturing practice. Read on below to find out some exciting smart manufacturing trends in the foreign B2B marketplace that are expected to dominate 2020. Internet of Things will be everywhereThis isn’t anything new. We’re already seeing plenty of IoT devices and use cases in industries, retail, consumer goods, and marketplaces. However, the coming year will further expand this trend to every part of the manufacturing and production process. IoT will not only help save costs but also provide valuable insights on manufacturing processes, costs and productivity. The IoT sensors fitted into products will determine their whereabouts, the quality of the parts used and their origin. As a result, this will increase the quality of the overall product giving customers a detailed idea of what they are buying. Manufacturers will focus more on AgilityWith everything fast-paced, customers in the future will want to save their precious time when ordering products. On the other hand, manufacturers will also focus on agility so they can reduce the manufacturing time to receive, create and process a particular order. With the emerging demand levels, companies will want to balance the number of orders received and the number of orders completed to meet their goals efficiently and in a digitized manner. Predictive Analytics will be a lot more commonPredictive analytics will help companies understand their working system and offer ways to make it more productive and efficient. According to research, when you incorporate data analytics and AI into your system, you will be able to predict downtime or any possible outage beforehand. This will not only save more of your resources and time but also prevent losses in the manufacturing environment. Since manufacturing is all about unidentified risks and unknowns, predictive analytics can help manufacturers take smarter and faster decisions and tackle risks better. This in return will also improve the quality of the manufactured goods and enhance the working environment in the industry. Conclusion The coming years will bring various smart market trends which will raise customer expectations from the manufacturing industry. In addition, there will be added demands and increased pressure on the manufacturers to raise their A-game among their competitors. Therefore, the key to surviving in the next decade is recognizing what smart technology your industry needs and adapting to it as quickly as possible.
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