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Manufacturing Industry Technology | Manufacturing Tech Solutions

Manufacturing Industry Technology

Manufacturing Industry Technology - How the marketplace is changing...

Traditional modes of manufacturing have given way to ‘virtual factories’ and 3D manufacturing. The industry has come a long way and will continue to evolve. This paper throws light on what’s next in this metamorphosis of the manufacturing industry, and the role business and information technology are playing in this evolution. The technological landscape is constantly evolving, and each change that it undergoes creates the need for reorientation across industries. Business processes are altered in order to accommodate the technological change, organizational policies are reworked, and people are expected to think and act differently – simply put, the ‘way of doing things’ changes. Change management is also an everyday challenge. Observation of business behavior of leading industry players, on-field experiences, and insights from analysts and industry experts - are all indicative of a subtle shift in the way the manufacturing industry operates. This shift is attributed to various reasons - evolution in factors of production, competitive forces that drive firms to bring about points of differentiation, and consumption patterns that are influenced by socio-economic drivers. The subtle change in manufacturing operations has in turn resulted in new business models and focal points for industry investment. The availability of new technological capabilities - information technology as well as business technology - is leading the evolution in manufacturing technology.

Manufacturing Industry Technology trends evolving...

Today, trends across industries point to an increasing use of materials that are high on performance, low on cost, and even lower on carbon footprint. Sustainable manufacturing not only requires environmentally sustainable end products, but also calls for fundamental shifts in the underlying design, in order to favorable impact the supply-side footprint. Application of next generation material science technologies on these breakthrough materials enables organizations to create significantly differentiated products. Manufacturing firms that stay ahead of the curve would be able to create significant long term competitive advantage, going beyond the current dimensions of competitive comparisons.

What will the production world of the future look like?

How will humans and machines communicate with each other? Will our working worlds be adaptable to our needs? In the factory of the future humans will have to come to terms with an increasingly complex world of processes, machines and components. This will require new operating concepts for optimized human-machine operations. Nimble, adaptive and intelligent manufacturing processes will be the measurement of success. The combination of “virtual” and “real” in order to get a full view of the complete value chain will allow factories to produce more rapidly, more efficiently and with greater output using fewer resources. Businesses will also be able to respond more quickly to the market, serving increased demand for individual products.