The Smart Manufacturing, Digital Continuity To Provide More Visibility In Factories Of The Future disruption in manufacturing value networks caused by the convergence of sensing, simulation, algorithms, cloud, and analytics is spawning new business models. Linear forms of manufacturing are giving way to circular and bi-directional models, which is resulting in a connected and an information-driven manufacturing ecosystem.
Meanwhile, technological advancements such as Industrial Internet of Things (IIoT), digital twins, and cyber-physical production systems are shifting manufacturers’ focus from siloed assets to digital platform solution offerings. They are increasingly combining physical functioning manufacturing with virtual planning and simulation to create new customer experiences.
“Data will be the new value-multiplier for the factory. Factory owners will strive to network various aspects of a plant (such as tools, assets, material, people, process, and services) on one digital platform. The level of integration and collaboration will offer customers unprecedented information visibility and subsequently generate value from domains that were generative before,” explained Mariano Kimbara, Industrial Group Senior Industry Analyst at Frost & Sullivan. “The digital continuity and intuitive customer experience will help customers drive smarter workflow collaboration, process optimization, and improved operational efficiencies. This will mark the beginning of an era of the collaborative manufacturing landscape.”
To make the most of the growth opportunities in the market, manufacturers need to transform their internal practices to support a collaborative manufacturing landscape, digital supply chain, changing business models, and workforce of the future. In a newly released thought leadership paper, titled Inspiring Manufacturing Transformation in the Digital Era, Frost & Sullivan notes that manufacturers can achieve the future state by adopting innovative collaborative processes and architectural transformations to achieve superior integrated business operations; shifting to digital, connected, and end-to-end manufacturing value networks; having a digital continuity platform approach to manufacturing smarter products to break down silos and foster collaboration, from design to service; fostering collaborative relationships instead of traditional vendor/customer models, while creating new channels for flexible and on-demand services; and embracing technologies such as 3D printing, artificial intelligence (AI), big data, augmented/virtual reality, and edge computing.
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