To keep pace with economic demands in an increasingly competitive landscape, manufacturers must aggressively adopt strategies that address the industry's generational skills gap and accelerate digital transformation.
The manufacturing industry is now left with numerous pandemic-created solutions that just might become standard practice in 2021 and going forward.
AI in Manufacturing will help companies achieve higher productivity and cost effectiveness over a period. One of the major applications where AI is deployed in the manufacturing plants is Asset maintenance.
There's no question that additive manufacturing will continue growing in the coming years. Some experts expect the 3D printing industry to surpass $20 billion by next year, but what will that look like?
Like many other industries, agriculture has discovered the benefits of data mobility, industry 4.0, and new technologies that unlock productivity and cost savings.
NASA has successfully tested its first rocket engine component made through 3D printing. The 3D printed component produced a breathtaking 20,000 pounds of thrust.
For 2019, we expect new users will continue to find their way towards additive manufacturing, and we'll see an increasing number of companies shifting their production to AM or adding AM into the mix. New product introductions will bring success and failure...
Hyper customization, smaller batch runs, a shrinking labor pool, energy availability, and global competition are factors that are increasing in importance and are also pointing to a much-needed new direction that companies will need to take in order to remain relevant ...
In 2020, manufacturers are one tweet away from disaster. Those firms with a global footprint are particularly vulnerable in 2020. Gabriel Smith, the Chief Evangelist of Pricefx, insists to compete in 2020 (and beyond), manufacturers need to be prepared to react immediately to changing market conditions much quicker than the decade just ending.
One of the trends we've identified is the interest by diversified industrial companies to streamline businesses and realign around key markets or customer segments to further drive results. We're seeing an increase in mergers, acquisitions, and divestitures as these companies recalibrate their capabilities.
There is real momentum behind the drive towards the use of AM as an alternative to conventional manufacturing processes. However, with this drive comes a necessary focus on and scrutiny of the entire manufacturing process chain surrounding AM.
Precision tools improve process control and result in higher product quality.
With its potential to transform the way products are designed, developed, manufactured, and distributed, 3D printing is expected to grow into an $8 billion market for the automotive industry by 2024.
From a 6-mile high view of the world, the AM process is less wasteful than conventional subtractive manufacturing processes, and allows for improved resource efficiency.
The growing number of industrialisation questions are indicative of a growing maturity in the marketplace. AM machines are moving out of prototyping applications and research laboratories and into mainstream production manufacturing.
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