Being efficient is one of the main objectives of any organization. To achieve this, it is necessary to know how to use available resources wisely. This seems to be a simple task, but it can be extremely complex. Manufacturers face several internal and external difficulties that can make it harder to do more with less.
2022 has been a year in which manufacturing companies have been forced to do more with less, as the industry has faced new and unexpected challenges, such as supply chain disruptions, rising raw material costs and inflationary pressures. All these external issues have led the industry towards digitization. Helping manufacturers to overcome existing and upcoming challenges while remaining competitive.
Here are some of the trends we will see in 2023, driven by the industry’s need for greater efficiency:
Manufacturing companies can reduce production costs by minimizing downtime while lowering human errors. Machine learning (ML) and Artificial intelligence (AI) play a key role by enabling systems to learn and continuously improve. AI and ML will be used in companies’ databases to help them become smarter. Technology can help companies be proactive rather than reactive. Solving small problems before they become big, expensive, and time-consuming ones.
Instead of producing large quantities of products in a single centralized location. Companies will be able to use 3D printing and other additive manufacturing technologies to produce products directly where they are needed. This will lead to greater flexibility and agility in production. Enhancing adaptability to market needs while increasing customer satisfaction.
Sustainability is a mandatory trend for all industries. Climate change and corporate responsibility go together, having limited resources and overexploiting them represents a major risk to the earth’s future. Sustainable production technologies, such as the recycling and reuse of materials, are expected to become an increasing part of digital manufacturing. Consumers are demanding higher levels of quality and transparency. Using technology to be more efficient and responsible will allow manufacturers to gain a competitive advantage valued by new and conscious generations.
The trends expected to come in 2023 will transform the way products are produced and delivered. Better infrastructure is therefore needed by a growing number of manufacturers to ensure they can function at a truly smart level. The key enablers of enterprise platforms, cloud, cybersecurity, IoT, insights and ML/AI are available but not yet seamlessly connected.
Those manufacturers that take the lead and invest in powerful network infrastructure will be able to ensure they can operate efficiently. By leveraging digital tools to improve or create new business processes, enabling the creation of a culture where more can be done with less, obtaining better business outcomes.
Advance toward the Digitization of the Manufacturing Industry with Extreme