{"id":2007,"date":"2019-10-14T03:35:40","date_gmt":"2019-10-14T03:35:40","guid":{"rendered":"http:\/\/kusuaks7\/?p=1612"},"modified":"2024-03-12T16:27:53","modified_gmt":"2024-03-12T16:27:53","slug":"top-5-digital-transformation-trends-in-manufacturing-for-2020","status":"publish","type":"post","link":"https:\/\/www.experfy.com\/blog\/bigdata-cloud\/top-5-digital-transformation-trends-in-manufacturing-for-2020\/","title":{"rendered":"Top 5 Digital Transformation Trends In Manufacturing For 2020"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\t\t\tOne of the most fascinating things about digital transformation is that it moves instantly\u2014and slowly\u2014all at the same time. The trends we see on the horizon for Industry 4.0 in 2020 are much the same as trends that we\u2019ve seen growing \u2026 revolutionizing \u2026 over the last few years. The difference isn\u2019t so much in the technology, it\u2019s in the number of companies beginning to utilize it, and the reasons why.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tCase in point: the Internet of Things. Technologists, myself included, have been talking about the massive IoT benefit for manufacturing, literally, for years. Heading into the 2020s, however, it\u2019s not just the technologists that are spouting the benefits. It\u2019s the manufacturing companies themselves recognizing the massive impact of connecting one\u2019s work and processes to the IoT. It\u2019s also the increasingly demanding consumers who want higher quality goods, often with responsible manufacturing practice,\u00a0right now this very moment<\/em>. If there\u2019s one thing that\u2019s clear, it\u2019s that manufacturers will be facing increasing pressures in cost, efficiency, and quality in the coming decade. And they\u2019re finding that new tech adoption\u2014be it IoT, 5G, AI, enterprise resource planning, or VR\/AR training\u2014is the only way to survive.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThe following are some of the biggest technologies continuing to expand in 2020, and the reasons why.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Internet of Things: Less I and More AI<\/strong><\/h2><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tFirst things first: can we all celebrate the fact that we\u2019ve (mostly) dropped the additional I from the IIoT? More and more, digitization isn\u2019t happening by industry\u2014it\u2019s happening everywhere. The IoT used in manufacturing overlaps at innumerable points with IoT in retail, consumer goods, healthcare, martech, and just about everything else. In fact, the continuing interplay of all those avenues of data and connectivity are providing incredibly important insights that are changing the way manufacturing is being run. Additionally, we are seeing a convergence of AI and IoT, with some companies like SAS Software touting AIoT as the next wave for IoT based upon Gartner\u2019s prediction of more than\u00a080% of IoT projects encompassing AI.<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tFor instance, yes, the IoT promises cost savings. It helps provide insights on processes, costs, productivity, etc. But at the same time, it\u2019s also providing information about the supply chain\u2014the quality of parts and products being used, where they came from, and how they were grown, bought, or created. More and more, customers are demanding that the things they buy are manufactured responsibly. And manufacturers\u2014not just brands selling the products being manufactured\u2014are being held accountable for those details thanks to the IoT.\n

Research from MPI Group\u00a0found<\/a>\u00a0nearly 70% of manufacturers credit the IoT with increasing their profitability. Research shows manufacturing companies will invest some\u00a0$267 billion by 2020<\/a>. Clearly, they\u2019re starting to get the message that the technology can provide incredible value for them. Another noteworthy data point is that 90% of manufacturing companies in the United States today have fewer than 500 employees,\u00a0according to the National Association of Manufacturers<\/a>. Will they have the capacity to invest in, and support employees knowledgeable of, the IoT? It\u2019s questionable. And it may be the one thing that causes small manufacturers to drop out of the digital transformation game altogether.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Predictive Everything<\/strong><\/h2><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tResearch shows a single hour of downtime can equate to $100,000 in losses<\/a>\u00a0in a manufacturing environment. Using data, AI, and predictive analytics, some say manufacturers can reduce planned outages by\u00a050%<\/a>. IBM says it can even decrease unplanned outages by\u00a015%<\/a>. Predictive analytics help companies better understand how their machine work, and why they fail, which allows them to prevent those failures altogether. Going forward: not just a nice to have, but a must-have for manufacturing environments.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tIndeed, manufacturers today are operating in an environment that is full of risks and unknowns\u2014how will the market change? How will it be disrupted? Where will their business take them, geographically? Will they be able to find partners in those areas that share the same level of commitment to quality as they do? With so many global variables at hand, predictive analytics can help manufacturers make better, smarter, faster, and less risky decisions about everything from machine maintenance to\u00a0supply chain optimization<\/a>, all of which impact customer experience; from the quality of goods produced to when customers receive orders.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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5G<\/strong><\/h2><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tYes, we\u2019re finally hitting an age when 5G will play a role in improving (reducing) latency, providing high bandwidth, and allow for reliable real-time communication on a massive scale. With 5G, manufacturers can begin to increase their use of senor, cloud, centralized tracking, quality inspection, etc., forming an \u201cecosystem\u201d of smart manufacturing. Yes, we may see a growing disparity between 5G have and have-nots in 2020 (much like IoT). But it will undoubtedly play a larger role in smart manufacturing moving forward.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThe big trends in the digital transformation of manufacturing will be rounded out with technology like\u00a03-D printing<\/a>\u00a0will continue to allow companies to make faster, cheaper prototypes while\u00a0AR and VR<\/a>\u00a0will continue to allow for better, safer training across the board. These aren\u2019t necessarily new trends, but rather areas of continuous improvement for manufacturing.\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tIt\u2019s important to also reiterate the growing connectedness of consumer demands that will play a much more significant role in changing manufacturing for the better in the coming year than those technologies themselves. Today, every company is here to\u00a0serve the customer<\/a>, no matter how far away from the customer they may have functioned in the past. Transformational trends such as the (A)IoT and 5G will force them to do that even more in the coming decade. It will also make that level of accountability possible.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

One of the most fascinating things about digital transformation is that it moves instantly\u2014and slowly\u2014all at the same time. The trends we see on the horizon for Industry 4.0 in 2020 are much the same as trends that we\u2019ve seen growing \u2026 revolutionizing \u2026 over the last few years. The difference isn\u2019t so much in<\/p>\n","protected":false},"author":607,"featured_media":4220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[187],"tags":[95],"ppma_author":[3224],"class_list":["post-2007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bigdata-cloud","tag-big-data-amp-technology"],"authors":[{"term_id":3224,"user_id":607,"is_guest":0,"slug":"daniel-newman","display_name":"Daniel Newman","avatar_url":"https:\/\/www.experfy.com\/blog\/wp-content\/uploads\/2020\/04\/medium_7789c161-9099-44fa-ab1a-1a09d25b81d7-150x150.jpg","user_url":"https:\/\/futurumresearch.com\/%20","last_name":"Newman","first_name":"Daniel","job_title":"","description":"Daniel Newman is Founder, partner and operator of 4 companies. He is Principal Analyst at Futurum Research, CEO at Broadsuite Media Group and President at Digital Agency V3B. He is also an author and contributor to some of the world\u2019s largest media outlets. A regular on Forbes, Entrepreneur and The Huffington Post, as well as the author of 5 Amazon Best Selling Books, he is also an Adjunct Professor of Management at North Central College."}],"_links":{"self":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/2007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/users\/607"}],"replies":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/comments?post=2007"}],"version-history":[{"count":5,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/2007\/revisions"}],"predecessor-version":[{"id":36388,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/2007\/revisions\/36388"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media\/4220"}],"wp:attachment":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media?parent=2007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/categories?post=2007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/tags?post=2007"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/ppma_author?post=2007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}