Manufacturing is not only about industrialization or making the products but the maximum utilization of resources by the following latest IT trends in the market. To achieve a competitive advantage in the market, it is important to follow the latest trends in the IT manufacturing industry. It is not only about having more market share but how can we accomplish it more efficiently and effectively through more product visibility, cost efficiency and high volume production with the best customer service.
Internet of Things (IoT):
Internet of Things (IoT) is becoming an essential leverage for the manufacturing industry. IoT is the interconnection of various latest devices with the existing Internet system of the firm. The major factors of IoT’s existence in the manufacturing industry are Internet access, Cloud computing, and smaller sensors. To attain the innovative products with a reduction in cost, more safety of employees and meet the compliance with more efficiency, IoT is significant.
High Visibility:
The manufacturing industry is becoming more visible with the help of the Internet of Things (IoT) like using different sensors to collect data and real-time insights. Cloud computing is providing ease in data collection from various sources to make big data utilizable. Slice and dice of data are using in a way where manufactures can comprehensively understand the job or task performed which is helping them to get better production, handling various operations and detect the error before it creates a major problem.
3D Printing:
3D printing is highly cost-effective for product designers because through 3D printings, they can easily design a product to test and then readjust it. Moreover, 3D printing helps to customize the product design with no trouble unlike manufacturing them. That’s how 3D printing is not only cost-effective but timely efficient as well.
Tech-savvy and Skilled Employees:
As technology has become an essential part of the manufacturing industry to attain success on the other hand finding the tech-savvy employees is also challenging. So it is important to hire employees with good command over technology and if they have basic knowledge then provide them proper training according to the required field or work like 3D painting, data scientist, computer coders and app developers.
Virtual Reality and Augmented Reality:
Virtual reality and augmented reality are creating a successful partnership between machines and the human workforce (man) in the manufacturing industry. In the work field, workers have provided various devices of augmented reality to create ease in performing the required task. It has included different 3D glasses, computer-generated graphics and advance sensors to detect the error and perform the job faster.
Supply Chain Technology:
IT is playing a significant role in the supply chain. It is making the business up-to-date by the latest technology which can give a competitive advantage in the market. As pricing is also another important factor, savvy manufacturers are working on the latest technology to control pricing. These IT can give multiple competitive benefits in supply chain management such as high visibility, minimize the operational costs, inventory control, increase efficiency in business which can improve the satisfaction and retention of the customer.
