Written by

Bernard Marr

Bernard Marr is a world-renowned futurist, influencer and thought leader in the fields of business and technology, with a passion for using technology for the good of humanity. He is a best-selling author of 20 books, writes a regular column for Forbes and advises and coaches many of the world’s best-known organisations. He has over 2 million social media followers, 1 million newsletter subscribers and was ranked by LinkedIn as one of the top 5 business influencers in the world and the No 1 influencer in the UK.

Bernard’s latest book is ‘Business Trends in Practice: The 25+ Trends That Are Redefining Organisations’

View Latest Book

Follow Me

Bernard Marr ist ein weltbekannter Futurist, Influencer und Vordenker in den Bereichen Wirtschaft und Technologie mit einer Leidenschaft für den Einsatz von Technologie zum Wohle der Menschheit. Er ist Bestsellerautor von 20 Büchern, schreibt eine regelmäßige Kolumne für Forbes und berät und coacht viele der weltweit bekanntesten Organisationen. Er hat über 2 Millionen Social-Media-Follower, 1 Million Newsletter-Abonnenten und wurde von LinkedIn als einer der Top-5-Business-Influencer der Welt und von Xing als Top Mind 2021 ausgezeichnet.

Bernards neueste Bücher sind ‘Künstliche Intelligenz im Unternehmen: Innovative Anwendungen in 50 Erfolgreichen Unternehmen’

View Latest Book

Follow Me

The 9 Biggest Trends Manufacturers Need To Be Ready For

28 June 2022

Manufacturing organizations have enormous opportunities to leverage smart factories and new technology trends to boost revenue, increase safety, and improve processes.

In this article, we’ll look at the 9 top tech trends that every manufacturing organization needs to be ready for – starting today.

The 9 Biggest Trends Manufacturers Need To Be Ready For | Bernard Marr

1. Data, AI, and the Industrial IoT

In the future, we will have increasingly interconnected Internet of Things (IoT) devices to collect data, and manufacturing companies can use this data to enhance their processes. For example, data gathered from sensors on machines can help manufacturers understand how machines are performing, so they can optimize maintenance schedules, reduce machine downtime, and even predict when things will go wrong during manufacturing.

2. 5G and Edge Computing

The fifth generation of mobile data network technology will enable manufacturers to easily connect their IoT technology and collect and process data within devices, such as smart machines and sensors.

Edge computing, which brings more of the collection, processing, and storage of data to actual devices, will become more common. Even today, manufacturers can create private 5G networks on their premises, which will give them ultra-fast data speeds without the need for cables.

3. Predictive Maintenance

Manufacturing organizations will use sensor data to detect when a machine or part is likely to fail, so they take preventative action and maintain their equipment more effectively. Predictive maintenance isn’t something that only works on brand new machines, either. For example, Siemens has even used maintenance sensors on older motors and transmissions, and by analyzing the data, they can now fix older machines before they fail.

4. Digital Twins

digital twin is a virtual representation that serves as a counterpart of a real-world, physical process or object. In manufacturing, a digital twin could be used to create a virtual replica of the equipment on the factory floor, so workers can see how machinery operates under specified conditions. Or a digital twin can even be used to visualize and simulate an entire supply chain.

Boeing’s CEO Dennis Muilenburg said that digital twins could be the company’s biggest driver of production efficiency improvements for the next decade.

“We’re seeing things like 40 to 50% improvements in first time quality [of parts],” said Muilenburg. “My expectation for us being able to grow the bottom line year over year cash growth regardless of some of the externals is because of the incredible ability we have now to drive first-time quality into our production systems because of the new technologies.”

5. Extended Reality Technology

Augmented and virtual reality will play an increasingly important part in manufacturing, including enhancing product design, improving production planning, complementing human abilities on assembly lines, and providing more immersive training.

At GE’s factory in Florida, for example, workers assembling wind turbines wear augmented reality glasses that display digital instructions on how to install parts correctly. Honeywell found that their passive learning experience didn't really lead to great knowledge retention – so they implemented a VR training program that improved retention to as high as 80%. As more of the word extends into the metaverse, more opportunities will arise for manufacturers to use extended reality technology.

6. Automation and Dark Factories

Dark factories are fully automated sites where production happens without direct human intervention. As robot technology advances, we will see more of these fully automated factories.

In more traditional manufacturing environments, robotic exoskeletons can help those on the production line lift heavier parts without compromising safety. We also have collaborative, intelligent robots or "cobots" that are specifically designed to work alongside humans. Nissan already uses cobots to help employees install engine intakes.

7. 3D Printing and Additive Manufacturing

With 3D printing technology, we can use fewer materials and produce less waste than we do with traditional manufacturing methods. 3D printing will also drive a new era of personalization because manufacturers can create individually customized products without worrying about economics of scale. Rapid prototyping is also possible with 3D printing technology. For over 15 years, Airbus has been using 3D printing technology for localized, on-demand production of toolings such as jigs and fixtures.

8. Web3 and Blockchain Technology

With the emergence of Web3 and distributed computing technology like blockchains and NFTs, there will be opportunities for manufacturers to better monitor supply chains – and even automate many of the transactions along their supply chains. Additionally, many of the products that we will manufacture in the future will be sold with NFTs. For example, Alfa Romeo is already now selling their cars with accompanying NFTs that certify the car purchase, record essential vehicle data, and generate a certificate that can be used to ensure the car has been properly maintained.

9. Smarter, More Sustainable Production Processes

Today, there are smart versions of everything, from vacuum cleaners to thermostats to toilets – and therefore, manufacturers will continually need to explore ways of giving customers the intelligent products they expect.

Manufacturers will also offer more services alongside popular products. For example, car manufacturers already offer add-on services like maintenance, charging, roadside assistance, and even infotainment packages.

More customers will increasingly gravitate towards products that are sustainable, reusable, and recyclable along the entire supply chain. We already see smaller, pop-up factories starting to replace mega factories that produce items far away and then have extensive supply chains to get products to consumers. For instance, a British company called Arrivals has completely reimagined the manufacturing of delivery vans. They can create smaller, flexible pop-up factories in less than six months that have considerably more streamlined supply chains.

Business Trends In Practice | Bernard Marr
Business Trends In Practice | Bernard Marr

Related Articles

The 7 Biggest Business Challenges Every Company Is Facing In 2023

In this article, we look at the seven biggest challenges businesses will be facing in 2023.[...]

Is This The Downfall Of Meta And Social Media As We Know It?

Meta Platforms – the company formerly known as Facebook – is cutting its workforce by 13% – equating to a loss of 11,000 jobs.[...]

The Top 5 Technology Challenges In 2023

When it comes to technology, rapidly changing conditions pose unprecedented challenges that must not be ignored.[...]

Snowflake CEO Frank Slootman: How To Boost Growth And Drive Meaningful Change

What does it really take to unleash the growth potential of a company and create meaningful change?[...]

The Top 5 Cloud Computing Trends In 2023

The ongoing mass adoption of cloud computing has been a key driver of many of the most transformative tech trends, including artificial intelligence (AI).[...]

The Top Five Retail Technology Trends In 2023

The economic outlook for much of the world looks set to be a rocky path over the next year, and retail has traditionally been among the first industries to feel the bumps in the road.[...]

Stay up-to-date

  • Get updates straight to your inbox
  • Join my 1 million newsletter subscribers
  • Never miss any new content

Social Media

0
Followers
0
Followers
0
Followers
0
Subscribers
0
Followers
0
Subscribers
0
Yearly Views
0
Readers

Podcasts

View Podcasts