What is the role of technological trends in the manufacturing sector?
The 4th industrial revolution is promoting digitalization in the manufacturing industries. The customer satisfaction, market trends, and technologies are demanding more every day. By 2022 all the IM&C (Industrial machinery and components) industries will possess various digitalized trends of technologies to provide a positive impact on their business.
The success of the manufacturing industries in this generation will depend on the capitalization of the new technologies on the production lines. Digitalization is not specific to any department, but it is the bridge to success holding all the parts of the industry in an organized way. The industries will try to concentrate service oriented rather than production oriented. Only those industries would survive who can achieve higher rates of customer satisfaction and service.
What trends could we anticipate till 2022
We all are excited to know about our future whether it is about our personal life or professional life. Trusting an astrologist is a fact of belief. The research for the upcoming trend in the industrial sector got its conclusion from reports generated by a group of people including IM&C experts and industrial consultants. The top 5 trends according to the conclusions are:
1. Pay per use business entity models
2. Optimizing IoT for business solutions
3. VR and AR for day to day activities inside the workplace
4. Big data software to manage and process large volumes of data
5. Customer engagement and satisfaction
Break down of the technologies- A quick look!
1. Pay per use business entity models
The influence of digitalization can add to the revenue of the manufacturing companies. They can charge their clients for providing business services on the internet.
2. Optimizing IoT for business solutions
The industrial companies can reach for multiple projects while accessing IoT. This can add revenue bringing data to the manufacturing sectors.
3. AR and VR for day to day activities
The industries will use these technologies to leverage the standard of product maintenance and service. This technology can help industrial manufacturers save money and time.
4. Big data software to manage large volumes of data
While working all over the world a manufacturing industry has to face large volumes of the data. Big data can help the manufacturers in planning, scheduling, and completing projects.
5. Customer engagement and satisfaction
The use of technologies can benefit consumers in many ways. Thereby, the reputation and profit of the industry increases simultaneously. Designing customer-friendly products is key to the success of the manufacturing industry.
