2018 Manufacturing Trends

by Debra Garls

2018 Manufacturing Trends

Industry-40 2018 Manufacturing Trends

  1. The Industrial Internet of Things (IIoT) – IIoT continues to make big strides in manufacturing. Manufacturers are expected to invest $267 billion in IIoT technologies by the year 2020.  Manufacturers welcome technology that means great efficiency, which in turn increases productivity.  So, what are the main benefits that the IIoT can bring to manufacturers in 2018?
    1. Better data and analysis- by gathering productivity 4.0 as well as waste performance, companies are able to make more educated decisions to improve overall manufacturing performance.
    2. By understanding how a work center performs and is being used, manufacturers can increase productivity, reduce operating costs, and ensure work safety.
  2. Intelligent Decision-Making – With the IIoT, comes vast amounts of data.  Companies will need to understand how to manage the huge volume of data that’s coming from being so technology enabled.  Manufacturers will have to determine what data they are gathering can help determine real, actionable steps to improve processes, production and ultimately how to share this relevant information, whether it be via dashboards or other forms of Enterprise reporting.
  3. Industry 4.0 – Compliance and quality management will be the two most powerful drivers for Industry 4.0 and smart factories in 2018 and beyond. The sheer need for efficiency that is promised through Industry 4.0 makes a great deal of sense from a risk mitigation standpoint alone.  Industry 0, just based on increase in speed, is just part of the hype.  However, when combined, it is estimated that adoption of smart factories in 2018 and beyond will soar.
  4. Manufacturing Intelligence – Capturing and recording at the machine/work center level and having that reside in an enterprise-wide system will revolutionize the ability for manufacturers to troubleshoot production as well as bottlenecks and quality issues. From the shop floor….to the top floor, insights gained using Manufacturing Itelligence will basically change how Overall Equipment Effectiveness (OEE) is measured.  This information will also allow manufacturers to monitor how a site is doing and how steps can be taken to maximize workflows actually learned for the first time.
  5. 3D Printing – Can facilitate the seamless creation of products using a single machine, is also putting a stamp on manufacturing. It’s quickly being recognized as an option for manufacturers to save time and budget during the product development process — especially when it comes to making prototypes — which can reduce new product investment and help deliver those products more quickly to market. While the technology still has a ways to go before it can provide much broader usage applications, meaningful implications for higher-volume production are anticipated across products ranging from toys to medical devices.

 

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