Digital transformation is affecting every aspect of manufacturing, arguably as much so as the First Industrial Revolution almost 200 years ago, with businesses using modern technologies to shift from mass production to mass customisation. A new research shows the most significant digital transformation trends.
A study – conducted by research firm, Futurum – has revealed the five most important digital transformation trends for manufacturers.
IoT & industry 4.0
At the centre of industrial digital information is the Internet of Things (IoT), reportedly worth more than $178bn globally in 2016, and is proving critical to providing companies with a competitive edge.
Improved speed & efficiency
Robots and other automated technology are also integral in improving speed and efficiency, allowing manufacturing companies to optimise production workflows, inventory, work in progress, and value chain decisions.
Robots & automation
Today, however, robots are capable of mimicking more human traits such as dexterity and memory, which makes them more useful industries like manufacturing.
AI and machine learning
Smart factories with integrated IT systems provide relevant data to both sides of the supply chain more easily, increasing production capacity by 20%.
Big data & analytics
It’s predicted that by 2020 there will be 50-times the digital content compared to what exists today, which means that the analysis of data will become increasingly more difficult and time-consuming.More and more companies are moving therefore their content to the cloud.
The Manufacturer Smart Factory Expo
Nov 15-16, 2017 – Exhibition Centre Liverpool
The UK’s biggest showcase for the Fourth Industrial Revolution (4IR) – a revolution in manufacturing agility, innovation and thinking.
Highlighting the best solution providers and technology offerings, this unique FREE event is for manufacturing business leaders keen to adopt the relevant tools and knowledge to drive business growth.
New for 2017:
- Buyer Lounges – matching buyers and sellers
- Tech Zones – Industrial IoT, Automation & Robotics, Additive Manufacturing, Digital Transformation, and Big Data
- Solution Theatres – engaging expo attendees with case studies and cutting-edge developments
- Mentor Clinics – find the answers to your questions
- Innovation Alley – growing the expo ecosystem with hardware start-ups