If 2022 has shown us anything, it is that demand and production capacity are at their highest levels in recent years. But what trends can be seen for 2023 and which ones will really shape the future?
If 2022 has shown us anything it is that demand and production capacity are at their highest levels in recent years. Even with COVID-19 the manufacturing industry surpassed expectations but several challenges do remain. Think about labor shortages, increased need of automation, inflation and economic uncertainties.
With Industry 5.0 making an entry we would like to focus on a few trends that will shape manufacturing in 2023:
While automation in manufacturing is nothing new, organizations are leveraging robotics more than ever to manage operations, decrease costs, and maintain their position in the market.
Robotics has come to the rescue of other sectors, like agricultural manufacturing, which struggled to fill the labor gap. Other companies have invested in “cobots” to work side-by-side with human employees when they couldn’t attract additional labor.
But while robotics can dramatically improve how companies operate, they continue to spark concerns about the potential negative impact on the workforce. That’s why Industry 5.0 is focusing on the collaboration of Robot and the Human Workforce to boost each other to newer hights.
Downtime in manufacturing can have a crippling impact on the bottom line. As a result, ensuring all equipment functions at optimal performance levels is a critical priority. Manufacturers continue to shift away from traditional time or usage-based maintenance practices in favor of predictive maintenance tools and technologies to catch issues before production is impacted.
Through a combination of IoT, AI, and machine learning, it enables a proactive, data-driven approach to reveal important trends that enable operators to make better decisions. More companies will embrace this proven approach in the coming year to boost ROI, improve output, eliminate unplanned downtime, and reduce machine failures. Implementing the correct Data Integration Platform is critical for success in this approach.
Manufacturers will continue to invest in technology to become smart factories to comply with Industry 5.0 which is knocking on the door. Here are the technologies leading the transformation:
Putting all this trends together to form a cost-effective, productive solution for your business doesn’t have to be confusing. ECS can assist you as we have more than 20 years of experience in the field of Data Integration and Data Transformation. We want you to gain true Smart Manufacturing by helping you to connect all the necessary dots and give you the best possible “big picture” view so you can shape your future in the Industry 5.0 Revolution! Contact us today to find out more.
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