Top Manufacturing Technology Trends
Leading the Industry Forward
In the modern manufacturing business, the application of technology to processes is not just an option, it’s a necessity. Companies that are industry leaders successfully merge business and IT strategies, often employing advanced, affordable technologies. A key aspect of a successful business IT strategy is to remain aware of and judiciously employ relevant technology solutions. This is no simple task, given the current pace of technology development. In this article, we highlight three significant manufacturing technology trends, providing insight into what industry leaders are doing.
AI, Automation, and Cognitive Computing: The Future of Manufacturing
A wide range of tech products are labeled Artificial Intelligence (AI) and/or Cognitive Computing. While both systems use similar computing tools, there are a few fundamental differences. AI uses pre-defined algorithms to resolve problems; it does not attempt to resolve problems in the same way as the human brain. On the other hand, Cognitive Computing attempts to mimic human thought processes, in some cases by using sentiment analysis. AI takes autonomous action based on decisions it reaches using the fundamental tools, while Cognitive Computing does not make decisions for humans, rather it makes recommendations to supplement human decision making.
AI and Cognitive Computing in Modern Business
AI and Cognitive Computing have a wide range of potential applications in various industries. Siemens, for example, uses AI to adjust fuel valves in their gas turbines based on weather conditions and the current state of the equipment. Cognitive Computing platforms like Siri, Alexa, and Google Assistant use machine learning, neural networks, natural language processing, and contextual awareness to understand the needs of the user and generate solutions to meet those needs.
Industrial IoT (Internet of Things): The Next Big Thing in Manufacturing
The Internet of Things (IoT) refers to the connection of devices through the internet. Roughly one-third of manufacturers today have an organizational strategy in place to apply IoT to their processes or embed the technology into their product offerings. IoT can significantly improve many aspects of distribution, resulting in greater operational efficiency and increased control of materials.
Data Management and Analytics: The Key to Future Manufacturing
A quality Data Management plan ensures the collection of data needed to derive business-critical information. A viable business IT strategy provides for resources to implement a quality Data Management Plan. Choosing the best data management and analytics system for your business is vital for ensuring optimum results. Data analytics software can process much larger amounts of data than humans can, making it the front end of Artificial Intelligence and Cognitive Computing.
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