Production is no longer just about making physical products. Changes in consumer demand, the nature of the product economy, the production economy, and supply chains have led to a fundamental change in the way companies do business. As customers demand personalization and customization, the line between consumer and creator will become even more blurred.
Automation is the engine of change, and the industry needs to become more efficient and exciting. Manufacturers need a digital transformation strategy and a culture of innovation. We need to improve efficiency, we need to revitalise and produce more of our products at home. And we must ensure that we reform our supply chains, from raw materials to finished products, to be as self-sufficient as possible, and to be prepared for a future that brings the best of all, not just the best.
In fact, we are in the midst of an industrial revolution that will fundamentally change the way products are designed, manufactured, used, and maintained. The implications are exciting, especially for smaller manufacturers, because the ingredients for higher productivity and profitability have never been more readily available. Your company must be ready to seize the opportunities of the future.
Technology and innovation in manufacturing are often billed as one-size-fits-all solutions. Your business may fit the mould, but technology can limit a manufacturer's capabilities and render certain capabilities inaccessible to it. New trends in manufacturing are upsetting the balance. What we call universal connectivity is the idea that you can create technology to connect devices and systems together. Technology and manufacturing advances can be tailored to your business at the expense of tailored solutions.
Technology can help prevent situations that lead to production delays and lower product quality. Informed decisions using technology: every single moment, managers do not know what their machines and people are doing. Based on the data obtained, they can switch from a reactive to a proactive approach. As a result, they are able to make more informed decisions, rather than simply responding to events that happen.
….This article might not sound like our usual style, and there's a good reason for that. It was written in entirety by ‘artificial intelligence’. Using a web-based software solution called AI Writer, I provided the title ‘Future of Manufacturing’ and the software scoured the internet for mentions of ‘Future of Manufacturing’. It then used the content surrounding this term and synthesised it into typical speech and written language, to create each paragraph.
This technology is already used in areas such as finance and sport to take objective facts and statistics, and provide a 'story' of sorts, by weaving a narrative. The idea being that simple fact driven stories can be automated, whilst more investigative and detailed stories can be focused on by actual journalists.
Pretty cool, hey.