Smart Manufacturing Industry


Smart Manufacturing Industry

Smart Manufacturing has been defined as the fully-integrated, collaborative manufacturing systems that respond in real-time to meet changing demands and conditions in the smart factory, in the supply network, and customer needs. It is a powerful disruptive force with the potential to restructure the current competitive landscape and produce a new set of market leaders. Manufacturers are adopting smart technologies to improve efficiencies in their factories. Cloud applications help manufacturers reduce costs related to the challenges such as time-consumption, labor-intensity, and increase output, quality, consistency, and shorten project timelines.

By 2030, most industries will adopt Smart Manufacturing and reap the benefits. The automated data collection and advanced production analytics will help managers with a data-driven decision. Smart Manufacturing utilizes Big Data Analytics to refine complicated processes, manage supply chains and energy management.

The digital twin is another concept in the ecosystems of smart manufacturing. It creates the virtual model of an asset, process, or system by using the data obtained from sensors in the systems or asset and algorithms for making reasonable projections about the process. The benefits of digital twins include a potential reduction in time and cost of product development and elimination of unplanned downtime. In recent years we have seen a rise in the adoption of digital twin in Aerospace & Defense, Automotive & Transportation, Electronics & Electrical/Machine Manufacturing, and Energy & Utility industries.