Technology in Manufacturing Today
Technology is quickly becoming the driving force into today’s industrial world to help manufacturers keep up with increased pressure to meet shorter deadlines and lower cost – all without sacrificing quality. While all suppliers must contend with these challenges, the following strategies can help:
AI Machine Learning
Artificial intelligence (AI) and machine learning assist manufacturers in analyzing processes and logical outcomes to help make decisions based on data. As machine learning can evolve with your processes, it can help improve areas, such as inventory management, tracking, forecasting, and delivery cost reduction.
Like AI, IoT lets manufacturers make informed, strategic decisions using real-time data to achieve a range of goals, including cost reduction, enhanced efficiency, improved safety, and product innovation. This tech involves the interconnection of individual devices of internet infrastructure. Studies show that 31% of production processes use smart devices and embedded intelligence, while 34% of manufacturers plan to incorporate IoT technology into their processes and 32% into their products.
Big data analytics pinpoint the strengths and weaknesses of new technology. This information helps determine the data that is most beneficial in the manufacturing process. Then, the data tracks the complete manufacturing process to find patterns and weak points to increase production and reduce repairs and maintenance.
Robotic systems have evolved to become adaptable “cobots” that can learn as they work to improve efficiency. Autonomous mobile robots (AMRs) are now being used for warehouse fulfillment automation. Equipped with advanced sensors and onboard computers, AMRs can better navigate their environment to reduce labor costs.