Advanced Manufacturing Technologies
Advanced manufacturing is the use of innovative technology to improve products or processes, with the relevant technology being described as advanced, innovative, or cutting edge. Advanced manufacturing industries increasingly integrate new innovative technologies in both products and processes. The rate of technology adoption and the ability to use that technology to remain competitive and add value to define the advanced manufacturing sector. Below is the list of advanced technologies that are being used in the manufacturing industry
Artificial Intelligence:
Artificial Intelligence (AI) is by no means an alien concept. It has been around for a while now. With the potential to enhance human capabilities, AI can streamline the somewhat anarchic business arena. Recent developments made in the technology horizon like big data, cloud computing and improved machine learning algorithms have thrust AI into the mainstream. Insights in real-time and AI-driven reasoning have assisted businesses with revenue growth and surge in market shares faster than their contemporaries in diverse sectors like finance, healthcare, e-commerce, and utilities. There are numerous benefits of artificial intelligence offered to a manufacturing organization.
• Informed decisions at every step
• Spotting defects in the production line
• Cost-effective solution
• Future rewards
IoT (Internet Of Things):
The ability to proactively complete maintenance is one of IoT’s greatest advantages in the manufacturing industry. Companies no longer plan maintenance schedules based on historical data but instead receive real-time data to understand maintenance requirements at an exact time. Sensors provide the relevant data so that a company knows the machine’s needs instead of making guesses. This technology cuts waste drastically from the production equation. If parts do not have to be replaced or repaired, these resources can be used elsewhere, saving time and money.
Smart manufacturing involves the use of the power of data and analytics to run the facility better. IoT technology can communicate at the exact moment of relevance what needs to be done. The production equipment can be equipped with sensors to collect data and to understand the operation of machines better. A higher-quality product offers many other advantages, such as reduced waste, lower costs, higher customer satisfaction, and increased sales. However, achieving this goal is not always easy. It is here that IoT can help.
Robotics:
Robotics in manufacturing is barely anything new. So, companies that use robotics in intelligent ways to hit the right balance between quality and productivity are those that will differentiate themselves in the market. Below are two ways to achieve the same.
Enhancing Productivity
The productivity advantages of robots in manufacturing are evident and intuitive. Robots can run on a 24×7 basis at speeds that human teams cannot match. For the routine tasks of manufacturing operations, robots are ideally suitable. They do not get tired; they can be programmed to do whatever is required. Additionally, the safety issues that would be of concern for humans are effectively eliminated for robots.
Automation:
Intelligent automation is transforming the way business is done in almost every sector of the economy. Intelligent automation systems detect and produce vast amounts of information and can automate entire workflows. It is already helping firms transcend current performance to achieve unprecedented levels of efficiency.
Intelligent automation couples artificial intelligence that includes natural language processing, machine learning, and machine vision with automation. The range of business challenges to which intelligent automation can be applied is expanding as the above technologies improve and become usable for non-specialists. Investors see potential in smart automation. The rapid deployment of it is ushering in a new age of productivity and innovation. As the application of intelligent automation sets a new benchmark for quality, speed, efficiency, and functionality companies that successfully employ it will outperform competitors.
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