Technology is changing the manufacturing industry in new and exciting ways. In a recent webinar, Gary Shapiro, president, and chief executive officer of the Consumer Technology Association, discussed the top manufacturing tech trends and how businesses should approach these changes to grow and continue to stay on the leading edge of manufacturing. The top tech trends explained below are driving positive visions for the future of manufacturing technology, helping move the industry to new and exciting places.
AI, or artificial intelligence, can be seen as “the man behind the curtain” when it comes to all thing’s technology. Put simply, AI is the ability for machines to complete complex tasks like humans. The wide range of benefits from the advancement of AI is considered to be the strongest in technology ever. While AI is seeing beneficial changes for most industries, technology is most applicable to manufacturing. According to the American Society of Mechanical Engineers, AI will perform manufacturing and quality control, shorten design time, reduce material waste, improve production reuse, perform predictive maintenance, and more. It’s obvious that in terms of emerging manufacturing tech trends, AI has the lock and key.
In the manufacturing world, 5G is more than a turbo-charged 4G, which provides broadband access faster than ever before. Being the future of smart factories, 5G will complete the “impossible” and change manufacturing on multiple levels. For one, 5G will be able to gather and interpret data at an astronomical level. Residing under the trend of smart manufacturing, this will allow manufacturers to utilize this data to increase productivity. AT&T business also shares that because of changes to the edge of the networks, the equipment can communicate wirelessly with back-end systems for time-critical operations in ways that were not possible before. From this, we can expect cutting-edge capabilities of visual recognition, allowing robotic systems to visually troubleshoot while inspecting machinery with an almost flawless track record.
According to Shapiro, self-driving cars are going to be the manufacturing trend to change the world the most. As of late, over a million people in this world die annually from automobile accidents. With the replacement of self-driving cars, experts believe this number can be cut by 90 percent. Driverless cars are quickly becoming a reality and if the manufacturers that are creating parts for these vehicles are willing to adapt to this major change, they will reap the economic and societal benefits.
Are manufacturers taking full advantage of these technological advances?
According to a report by the McKinsey Global Institute, U.S. manufacturers who take advantage of these newly available technologies and processes could boost their overall value by 20 percent — up to $530 billion — by 2025. Being aware of these top manufacturing tech trends is one piece of the puzzle. The rest comes from adapting and taking advantage of these innovations. Here at the Up! App, we value the approach to preparing for the future and look forward to the positive impact that technology will have on the industry. We know that this flexibility in welcoming change and everything that comes with it is how the manufacturing industry will thrive.