With the advent of digitization and technologies like the Internet of Things, Machine Learning, Artificial Intelligence, and 3D Printing, different sectors have had the chance to revolutionize everyday activities. Disruptive technologies of this kind have helped the manufacturing sector to become more efficient, cost-effective, fast, and competitive. They have also assisted companies to emphasize economic, environmental, and social sustainability while providing unparalleled engineering practices.
As we move into 2021, industry leaders predict a future of the manufacturing sector with hi-tech innovations and smart capable machines to enhance productivity and competition.
Here’s a glimpse at what technology will look like by 2025 for the manufacturing sector:
Robotics to Play a Huge Role - Moore’s law will continue to play a large role in how fast Robotics will evolve and become part of our daily life. Robots are currently responsible for only 10 percent of manufacturing activities, but this number is expected to go upwards by 15 percent by 2025. By then, the robots will be smarter and less expensive, making it feasible for more organizations to afford them. Increased reliance on robotics in the manufacturing sector could reduce work expenses by an average of 16 percent across the world's 25 biggest manufacturing economies.
Sustainable Manufacturing to Amplify - While assembling and designing organizations are making a significant difference by employing cleaner and greener substitutes, more extensive utilization of these methodologies is going to be welcomed by 2025. In the territories wherein sustainable assembling has already begun, one can already witness activities such as green product design, product lifecycle management, eco-proficient activities, eco-friendly machines, fuel-efficient machines, and sustainable organizational culture.
There would be some industries taking the lead, particularly logistics and transportation with the rise of EVs, fashion and apparel manufacturing with a focus on eco-friendly sustainable D2C brands, and architecture and construction. Ground-breaking organizations under the umbrella are utilizing environmental-friendly power generation and sustainable tools.
Data Analytics for Improved Performance - Big data analytics will become a norm. It would be commoditized to the extent wherein it would be readily available for almost everyone at a fraction of the price. Analytics-based management and decision-making will be an obvious way of work rather than an option. Big data analytics can offer different ways for improving resource execution, simplifying assembling measures, and enabling product customization. Large numbers of organizations have already put their financial resources into big data, and more are to follow by 2025. These organizations will be able to make informed choices utilizing efficiency and waste execution data given by big data analytics, bringing down the variable expenses and expanding the production.
3D Printing to Change Everything - The advent of 3D Printers has made the processes faster and easier. Today, one can 3D-print metals, plastics, blended materials, and even human tissue. No item is by all accounts past the domain of being 3D-printed. Indeed, the ability of additive manufacturing consider the formation of items that cannot be produced in any other way. Modern organizations are preparing their employees to design new items only for additive manufacturing innovation.
Introduction of Blockchain - Organizations can utilize the blockchain to trade information effectively, precisely, and safely within complex supply chains. Blockchain can give an unalterable, long-lasting advanced record of raw material, parts, and produce, consequently elevating end-to-end visibility and single-source transparency. These advantages are significant if the production network incorporates numerous members with free IT frameworks, or if there is an absence of trust among members or a successive need to onboard new members. Global supply chain organizations would be the first to see the immediate benefit of implement blockchain technologies.
The novel Coronavirus has transformed the economy, organizations, and the individual lifestyle across the world. In these difficult times, innovation has given a new ray of hope by keeping individuals connected and organizations operational. The situation even prompted many new inventions and the need for some more, as sectors transformed business models. Embracing new technologies helped organizations with surpassing the horrors of lockdowns and social distancing, and more are expected in the coming years.