Top 6 Technology Services for Manufacturing Industry you need to know about

Top 6 Technology Services for Manufacturing Industry you need to know about

May 6, 2021 | Digital Marketing, Digital Transformation

Manufacturing Industry and Technology

Technology has transformed the way products are manufactured. The key elements that affected this are the Internet of Things (IoT) and artificial intelligence (AI). IoT depicts the way objects use the internet to connect, and AI assembles a huge amount of data for intelligent machine learning.

Increasing visibility:

AI helps a lot in spotting areas of improvement, whether in terms of competency or yield. IoT technology allows machines to communicate and detect errors beforehand; they can signal it to other machines and the employees to address problems in real-time. It can also identify minuscule flaws missed by the human eye and help in preventing errors in advance. These intelligent technologies have lowered error rates, product failure and overall reduce huge costs faced by manufacturers previously.

Predictive maintenance:

AI provides a system that constantly learns and evaluates how a machine runs, analysing data and minor shifts. The technology can forecast an issue faster than humans, so the company can foresee the issue before it worsens. Due to these technologies’ businesses have experienced downtime reduced by 50% and maintenance costs reduced up to 40%.

Improved customer engagement:

IoT and AI aid the changing customer engagement by creating clear communication between the manufacturing business and its customers.

Services, Solutions, and Software:

Below are few of the top services, solutions, and software that can be useful in the manufacturing process

1. Document Management System:

This software helps to manage your files digitally by saving them online. It stores, manages, and tracks file on a cloud. This helps keep data secure, and you never lose a file. Manufacturing companies have some important documents like prototypes or contracts that need to be safe and secure and on hand for any time use. DMS helps with all this; it keeps the documents safe, data secured with permission-based access, and with just the name search, the file will appear instantly with a trail of access and changes done previously.
Some of the top pharmaceutical manufacturing companies use DMS software for safe document keeping. E.g., Johnson & Johnson, Pfizer, Abbott, etc.

2. Intranet in a Box:

Intranet in a box is also known as ready-to-go intranet or intranet as a service (IaaS). It is a collection of patterns and solutions that organizations can swiftly implement. These features are used to boost employee productivity, collaboration, and overall efficiency.

3. Room Reservation System:

This software is used to pre-book a meeting room in advance to avoid clashes and ensure a smooth and hassle-free process. The manufacturing companies usually have internal meetings and external bodies like invertors, buyers, etc.

4. Digital Transformation:

Digital transformation means transitioning to digital manufacturing. This can be done by optimizing manufacturing IT operations bringing in new software and services that help transform the business digitally and technologically

5. Insights, Analytics, and AI:

AI has become an integral part of the manufacturing process. It not only helps optimize supply chains but also can run the whole production process and detect an error beforehand and send an alert for it, which can help repair the hurdle and make manufacturing smooth. This is predictive maintenance that helps take care of the machinery, improve efficiency, and reduce the cost of machine failure. With insights and analytics, this can help companies anticipate market changes and get ready for the future.

6. Application and Development

Application and development are used to create automated manufacturing processes. These processes help run manufacturing solo from start to end. Thus, this makes work easy for companies and is also cost-effective as less labour needs to be hired because the program works through the computer.

Why is there a need for Digital Transformation in the Manufacturing Industry?

Traditionally manufacturing was done manually with extensive labour, and this led to overworked machines and labour, and thus the potential wasn’t exploited to its fullest.
Digital Transformation helps automate the work process and increases efficiency, reduces wastage and extra labour costs, and can also detect errors at an early stage that the human eye can miss, which can help prevent any issues coming in the way.
AI and IoT, the prime augmentations that bring Digital Transformation to the Manufacturing Industry, have helped automate the manufacturing process and deal with production issues. This transformation has helped reduce labour costs, wastage, product failures, overall resulting in substantial cost benefits in the future. Thus, Digital Transformation has been the much-needed renovation to this industry.

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