How Modern Manufacturing is Driven by Data, Automation, Robotics & Cyber Systems
Technology is identified as the most important
area of manufacturing process decision making, followed by quality assurance
and control. The digital manufacturing processes could prove to be a boon for
the companies. It is representing the fourth industrial revolution driven by
data, automation, and cyber systems.
Recent research has focused on identifying the
role of technology in strategic manufacturing decision making in a particular
industry. Manufacturing technology provides productive tools that power a
growing, stable economy and a rising standard of living. The digitization of
manufacturing has advanced so far that it is being called Industry 4.0 -
representing the fourth industrial revolution driven by data, connectivity, and
cyber systems.
Fast-Growing Manufacturers Are Much More
Technologically-Oriented-
Technology is identified as the most important
area of manufacturing process decision making, followed by quality assurance
and control. Cloud-based computing uses network-connected remote services to
manage and process data. Life in the cloud will gain momentum, but security
concerns must be continually addressed. Manufacturers have always wanted to
ensure every product is perfect, and this seemingly impossible task is now
within reach. With the increased implementation of AI in the production line,
it is now much easier for businesses to spot areas of improvement, whether it
be in terms of efficiency, productivity, or error rates.
Growing Adoption of Robotics and Automation-
Robotics captures a lot of media attention.
However, over the past year, middle-market manufacturers’ technology
investments have been equally divided among robotics and advanced automation. There
are many key roles that technology is currently playing in the world of
manufacturing. For example, additive manufacturing is picking up momentum,
enabling the production of bespoke components to be created to precise
specifications and with little-to-no wastage. Consumers now demand products
that are intelligent, responsive, and connected, i.e., "smart." Terms
such as "smart lighting," "connected cars" and
"wearable technology" are examples of these products.
Data-Driven Manufacturing and Increase in
Productivity-
Productivity is key when running a manufacturing
business as the greater the productivity, the more you can produce, and the
quicker you can produce it. Technology also plays a major role in productivity,
so looking for software solutions may be ideal for your business. Manufacturing
industries can significantly increase their efficiency and productivity with
the technologies that allow them to collect, process, and measure big data in
real-time. These technologies include electronic devices that connect factories
through the internet and web pages that double as dashboards for controlling
the processes.
The digital manufacturing processes could prove
to be a boon for the companies that are committed to implementing Six Sigma. It
would in-turn help the companies in bringing about the product and process quality
enhancement and control, which would identify defects, reduce errors. Embracing
technology within the manufacturing process allows for stress-free data mining.
This permits real-time analysis of corporate data, forecasting overall
productivity and profitability trends.
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