The digital landscape for manufacturers is constantly changing. AI-driven digital transformation has become a must-have for the manufacturing industry today. It's not surprising that IDC expects half of all manufacturers to invest in improved flexibility and AI to drive productivity improvements by 2022.
We are already seeing the effects of digital transformation in manufacturing on businesses, suppliers, customers and other third parties. Many companies are starting to realize the long-term benefits of digital transformation. With digitalization, you can have higher customer expectations, reduce your total cost, and increase work efficiency and productivity.
Before we start, let's take a look at the definition of digital transformation.
Digital transformation is the integration of digital technology into all business areas, fundamentally changing the way you operate and deliver value to your customers in a competitive, fast-changing business environment.
Now that we've learned what digital transformation is, it's time to find out what the digital
transformation trends in the manufacturing industry.
Digital Transformation Trends in the Manufacturing Industry
1. Machine Learning and AI
Artificial intelligence (AI) is a wide-ranging branch of computer science concerned with building smart machines capable of performing tasks that typically require human intelligence.
We know that the biggest asset for any company going digital is its data. Considering the amount of data collected by machines, it becomes vital to use algorithms to perform quick actions. It cannot be done so efficiently, quickly and accurately by us humans. Besides, Artificial Intelligence-led technologies will make your manufacturing more productive and less wasteful.
The Internet of Things is a network of interconnected sensors and electronic devices that gather and exchange data.
The IIoT is drastically transforming the manufacturing industry. It is helping change the way products are made and delivered. A survey in 2019 showed that approximately 63% of manufacturers believe that implementing IoT will increase profitability over the next five years.
Everyone has been talking about 5G in recent years.5G has finally entered the world of manufacturing.
Industry 4.0, or the fourth industrial revolution, is ushering in an era of smart factories with connected devices, which can interoperate with one another and make decentralized decisions. However, this transformation would not be possible without 5G.
5G's high capacity, wireless flexibility, low latency performance, and many other features support the manufacturing sector.
4. 3D Printing Technology
3D Printing is a much talked about digital transformation technology in the manufacturing industry. This technology allows manufacturers to prototype more successfully, as they can print a new model with every advancement or innovation of the design, through a simple tweak on the software, printed instantly. It's a cost-effective way which saves time and money.
Manufacturers should always remember that digital transformation is inevitable in today's world. Digital Transformation can improve work efficiency and productivity drastically for your enterprise. Also creating a manufacturing digital transformation roadmap should be looked at as a process of getting and staying at the top of your market.
If you need any help to increase the efficiency and quality of your production, our specialists are just an email away! Get in touch (email@example.com) with us and see how we can help you digitally transform your enterprise.