The manufacturing industry may be encountering some breezes, but it is irrefutably in the middle of a technological revival that is altering the appearance, structures, and practices of the modern factory. Notwithstanding the jeopardies and in spite of recent history industrial manufacturing enterprises cannot afford to disregard these developments.
Few of the trends to look forward to in the near future are:
Global Manufacturing to Mature Humbly
Economists and legislative establishments are forecasting reputable industrial growth in 2017, supposing that there are no troublesome political or economic upheavals. The US, China, and India, are predicted to see a 2.6% growth rate. Even though presently in a slim down, these regions are foreseen as doing better, with 6% development prophesied in China and 8% growth forecasted for India. With the economy recovering, the European manufacturing growth is anticipated to grow faster than the US. However, factors like the global threat of ISIS terrorism, the migrant crisis in Europe, and the likelihood of more advanced cyber-attacks, could distraught business conditions and harm growth.
Manufacturing 4.0 In Vogue
Manufacturing / Industry 4.0, that have been technologically advanced over the last few years, will come into real time use. Front-line use cases arise to make real the prospects for applying progressive new digital, cyber-physical approaches to plant floor automation and techniques to considerably improve industrial output, quality, flexibility, and competence. Corporations that can assist as role models for others will materialize. Also customer demands for interconnectivity and software standards will increase.
The Rise of the Chief Digital Officer
The new digital epoch of manufacturing will require appointment of particular executives who have the versatility to drive digital makeover throughout the enterprise. Chief Digital Officers will not only be the harbingers of the new digital age, but will aggressively lead creativities to help craft end-to-end ‘Digital Threads’ that spring across the supply chain, to the development, to production sites, and disposition of smarter products.
IoT Drives New Smart Business Models
Internet of Things (IoT) technologies is set to rule every aspect of technology. From the tools used, the products made, and to the devices worn. This digital prevalence will motivate the conception of new, nifty business models for manufacturers fabricated around big data, advanced analytics, embedded connectivity, and new data-driven services. Such service areas will not only be single-company or product based, but will also initiate to appear as unsettling, collective, shared industry podiums in spaces such as healthcare and transportation.
Small Manufacturers To Contest The ‘Digital Divide’
Small and medium sized manufacturing companies are likely to forcefully develop stratagems to hold Manufacturing 4.0 concepts and technologies owing to the fact that they might lag behind global competitors with superior financial backups. This will also include updating plant floor paraphernalia and moving to high-tech operational systems, to better information management.
New Technologies Will Push Boundaries
A multitude of radical technologies like 3D printing, collaborative robots, simulation, cloud-based software systems, augmented reality, to name a few, are likely to gain traction among manufacturers as many adopt Manufacturing 4.0. 2016 is likely to be a year of intense information gathering and education as manufacturers try to understand the application of these technologies to their own operations, how to categorize and select suppliers, what the business case can be, and how these technologies will redesign their skills inventories, organizations, and work patterns.
‘Smart Products’ Value Recognized Noticeably
Manufacturers will try aggressively to secure and monetize the smart platforms and not just design and connect more smart products. Having linked the bulk of their new models, manufacturers will try hard to comprehend the exclusive value that they can convey through these smart platforms.
3D Printing To Advance
3D printing is all in to endure to challenge traditional production models. Users will accept bespoke 3D printing for self-printed parts, clothing, and household items, whereas companies will procure them to help in the making of their products and product parts. Additional innovations, as well as quality enhancements, to allow 3D printers to use metals and other materials more efficiently will boost demand for the machineries in the medical, aerospace, and automotive sectors.
Robots Get Cooperative
Inexpensive robots that can work securely alongside human employees in cooperative ways are projected to alter many plant floor working environments in the coming years. Experiential proficiencies founded on visual analysis and machine learning is set to make these collaborative robots easy to program for complex tasks, more malleable in the multiplicity of jobs they can execute, and easier to install in front-line manufacturing roles. Labor concerns may deter disposition in some cases, but the inclusive acceptance trend will be overwhelming. Simultaneously, more reasonable general purpose robots will be gradually approved by small and medium sized manufacturers.
Cyber-security Becomes Formal
Makers of all sizes will progressively be anticipated to validate that they have strong, up-to-date technologies and in-house processes required to guard their factories, supply chains, intellectual property, and customers from cyber-security susceptibilities. Industrial customers will aid to the push for security audits and documentation. But controllers such as the SEC are also likely to interfere and ask manufacturers to verify that they have moderated the security threats thus avoiding acute profound financial losses.
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