Everyone wants manufacturing strategies that deliver results. They want efficient production that doesn’t waste any resources. What’s the best way to achieve that goal? For many, the answer is investing in cutting-edge technology.
We’ve all probably heard that Artificial Intelligence is the new norm and represents the future of business, but not many people understand how much of an impact it has today.
When it comes to achieving transformation, there is more than one way to achieve this goal. You can do things piecemeal, focusing on a single system at a time. Or, you could take a holistic approach. Which is better?
A new generation of technologies has transformed workplaces and our perception of productivity, and every business is now, in a sense, a technology business. The same goes for manufacturing, where enhancing growth and profitability is becoming increasingly dependent on digitalization initiatives.
It has always been “the customer is king”, but in today’s connected, customer-centric world, this phrase is more important than ever. Customer experiences are influencing buying decisions at increasing rates, making net promoter scores (NPS) more critical to differentiating yourself in highly-competitive markets.
Think of smart manufacturing as a journey. For any journey, you need a road map. Read on to learn what you need to know about launching a smart factory initiative.
While automation certainly isn’t a brand new idea in the world of manufacturing, it is currently gaining unimaginable levels of momentum thanks to the emergence of Industry 4.0 and technologies such as AI and Machine Learning.
Manufacturers spent 2018 deliberately advancing along the digital maturity curve. As emerging trends and business models move to industry 4.0, there have been pockets of digital activity across finance and operational areas, out on the factory/shop floor and in the field.
Transitioning to smart manufacturing methods is a journey. With any journey, you need a road map. Read on to learn what steps you need to take to prepare your factory for smart manufacturing.
Setting up supply chains correctly, having to deal with huge upfront expenses, doing continuous research and staying agile in unstable markets – these are all serious challenges manufacturing companies have to face each day.