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Manufacturing Technology's Unstoppable Advancement
Manufacturers are reacting to consumer demand for more linked devices, including connected automobiles, tractors, and washing machines, among other things.
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CIO Applications | Monday, January 03, 2022

Manufacturers are reacting to consumer demand for more linked devices, including connected automobiles, tractors, and washing machines, among other things. Companies employ analytics to assess that demand and transition from selling stuff to offering customized services based on client preferences.
Then the epidemic struck. Millions of people have lost their employment by the spring. Some facilities temporarily paused or reduced output so that personnel could spread out and keep a safe distance from one another. Investment in intelligent manufacturing also declined by 16% between March and April. According to some experts, such a pullback would reduce investment until 2025.
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When the manufacturing industry began to embrace digital technology a decade ago, it took on a new name: smart manufacturing, sometimes known as Industry 4.0. The use of cloud, automation, analytics, machine learning, and big data in industrial processes resulted in a linked manufacturing and supply chain management ecosystem, and the industry increased. At the start of 2020, the sector was on course to become a $300 billion market in the next five years.
Innovative manufacturing technologies allow better customer experiences and the possibility for data-driven top-line development by streamlining operations, making supply chains more robust, and enabling better customer experience and data-driven top-line growth. Who can argue with cutting costs, speeding up the order and delivery times, and increasing product quality while boosting worker safety when manufacturers recognize they must balance a laser focus on cost take-out with crucial investment in digital technology?
Before COVID-19 impacted every imaginable product's production and distribution processes, several organizations had already initiated a digital revolution.
For example, the automobile sector has already embraced new business models to address strategic imperatives such as connected and electric cars and automated and shared solutions. In addition, the epidemic offered businesses even more incentive to rethink their digital strategy, accelerate the shift to the cloud, and become less reliant on specific locales, making their operations more robust.
What does it all mean?
One thing is sure: service providers should pay attention. To realize the benefits of intelligent manufacturing technology, manufacturing organizations will need partners to assist them in implementing and swiftly scaling up the technology. Furthermore, the stronger the providers' value-add, the more they can assist organizations in getting the most out of their present cost structures to support this new digital investment.
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