IIoT, AI and Machine Learning:
If you want to remain competitive in the era of Industry 4.0, IIoT is one of the manufacturing trends you should prioritize in 2019. The Industrial Internet of Things (IoT) is enabling the collection of large quantities of data from across the manufacturing process in factories. This data is a treasure trove of un-examined, un-utilized information that has the potential to revolutionize the manufacturing industry. Artificial Intelligence and Machine Learning conducts real-time as well as historical analysis of equipment and failure models in conjuncture to enable proactive utilization of performance data in the form of volumes of valuable information, practical insights and definitive solutions. IIoT, AI and Machine learning are spearheading the rise of intelligent models, predictive maintenance, asset management, inventory management, Digital Supply Networks(DSN) and more, leading the rise of Smart Factories.
According to a study by Gartner, the business value-add of blockchain will set to grow to exceed $176 billion by 2025, and cross $3 trillion by 2030. But what is blockchain? (https://www.gartner.com/doc/3627117/forecast-blockchain-business-value-worldwide)
Today everyone has heard of crypto currencies such as Bitcoin and Ethereum. Blockchain technology is the backbone of these cryptocurrencies. It is essentially like a digital ledger that records transactions securely and transparently. Blockchain technology is now set to incorporate the concept of cryptocurrency with manufacturing industries. This will revolutionize manufacturing business models from suppliers, sourcing, procurement and quality of materials, to factory-level operations such as machine and equipment monitoring. The system overhaul will provide quick, secure, cost-effective and transparent solutions for business operation and development across the supply cycle.
AR and VR:
The seemingly endless opportunities and possibilities offered by Augmented Reality and Virtual are in the process of impact manufacturing industries across development, production, operation and supply. It’s application is already impacting design development in industries such as automotive and aviation in the form of virtual representation of prototype and product operation to detect possible errors in engineering. Simulation of entire production facilities helps optimize manual and assembly processes and maximize efficiency. Movement of materials, application of new technologies and impact of new machinery can also be analysed using AR and VR technology.
AR and VR technologies are also transforming worker training in manufacturing industries. Efficient training systems using AR and VR tech is bridging the skill gap between individuals in the incoming workforce. Step-by-step AR and VR training systems include not just visual and oral inputs but also movement-based activity, monitoring and improving worker knowledge, overall productivity, factory safety, workforce flexibility and assembly line efficiency.
Additive manufacturing is one of the revolutionary manufacturing trends in 2019 taking a bigger role in integrated production lines. Additive manufacturing refers to technologies that create 3D objects by adding layer upon layer of material of choice using a 3D modelling software, production machinery and layering material. Advancements in additive manufacturing such as 3D printing has vast uses in manufacturing industries. Rapid prototyping of product design, virtual tool design, industrial tooling, product customization are some of the applications of 3D printing technology in manufacturing. This provides highly cost-effective and time-saving solutions for manufacturers.