Technology That Is Changing The Manufacturing Industry

Dec 14, 2016 • Business, Development
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Technology That Is Changing The Manufacturing Industry

At the core of any healthy economy is manufacturing. However, competing in an increasingly globalized market as a manufacturer can be quite difficult indeed. One way to get an edge and maintain your market share is through the adoption of new technology.

As global automation continues to be a huge trend in order fulfillment, not adopting new tech into your production processes can mean getting wiped out by savvier competition. With that in mind, here is an overview of some of the new technology that is currently transforming manufacturing.

3D Printing

By now, most people have heard of 3D printing through viral news stories. While the idea still sounds somewhat gimmicky, the technology certainly has almost limitless applications. This is especially the case for manufacturing. While the idea of everyone owning a 3D printer would make it seem like this tech would make manufacturing industries obsolete in the future, that is certainly not the case. The tech is still quite expensive, and it is very doubtful that anyone will have the space to store industrial sized 3D printers in their homes.

As for manufacturing, it will give manufacturers the ability to customize products to customer specifications on a scale never seen before. It will also allow industries to make changes in the manufacturing of product lines almost midstream. If a new design proves more marketable according to research, all that needs to be changed is the computer file that tells the machine what design to fabricate out of plastic or other printable building materials. Costs for manufacturing will be slashed across the board.

Predictive Analytics

The rapid increase in computing power and cloud storage capabilities is also changing how manufacturers operate. This is due to the harnessing of the power of big data. Thanks to improved data storage capabilities, companies are able to amass huge amounts of data regarding products, customers, marketing and more that dwarf anything found on company servers in previous decades. This data can be leveraged into a strategic advantage in part thanks to predictive analytics.

Predictive analytics involves the analyzing of big data to make predictions and forecasts for future demand for products, trends in customer behavior and much more. Thanks to predictive analytics, manufactures will know when to produce products to maximize profits and how to get aboard big trends as they are just beginning to develop. The same technology can even be deployed to predict when parts in factory machinery should be replaced. It can increase the profit potential for a manufacturer several times over.

Cobotics

Robots have been part of the industrial landscape since the 60’s when General Motor first integrated them into the company’s auto manufacturing plants. While the idea of robots becoming ingrained in the manufacturing process is not anything new, the tech is improving and evolving in ways that are having a big impact on manufacturing.

Amazon.com, for example, is able to use robots to prepare various products for shipment and transport them to different areas of a shipping warehouse by wheel as soon as a customer clicks to purchase an item on the website. China has in recent years made a huge investment in creating and deploying robots in various industries to help fuel their rapid expansion as a manufacturing powerhouse.

While the increasing use of robots may seem like a threat to the average worker’s livelihood, this isn’t necessarily the case in many industries. Robots can be designed to perform precision work in minute detail. However, they will never have the adaptability and complex decision making skills of the human mind. As a result, something known as “cobotics” is becoming a bigger trend in manufacturing. Instead of replacing human labor, robots implemented under this philosophy are designed to complement the work of factory employees as opposed to replacing them entirely. They are used as tools to help the worker finish a job much faster and more efficiently than could be done by hand.

David Glenn

David Glenn is a business writer who has been featured on sites like Dwell.com, Business2Community.com and SocialMediaToday.com. He draws from 30 years of experience as a business owner.

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