Top Four Upcoming Trends in the Manufacturing Industry | Infiniti Research
LONDON--(BUSINESS WIRE)--May 16, 2018--Infiniti Research, a world-renowned market intelligence solutions provider, has announced the completion of their latest list blog on the top four anticipated trends in the manufacturing industry.
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Digital Trends in the Manufacturing Industry to Buckle up For. (Graphic: Business Wire)
At present, numerous tech and digital trends, which comprise the Industrial Internet of Things (IIoT), robotics, and 3D printing, are bring about efficiencies and new opportunities in the way companies in the manufacturing industry approach evolving products, managing new operations, and serving customers. Also, manufacturers are facing challenges that include – finding and keeping viable workforce talent, managing legacy systems, and handling large volumes of data suitably and effectively. Infiniti has listed the top four anticipated trends in the manufacturing industry in this blog.
“ The manufacturing industry in the US continues to be strong by incorporating new methods and technologies while navigating through the related challenges,” says an industry expert from .
Top anticipated trends in the manufacturing industry:IoT in B2B manufacturing: IoT has helped reach new productivities in the finance and retail industry. However, industrial manufacturers have faced challenges when it comes to understanding how this technology will make new business models and increase customer satisfaction. This year, it is projected that organizations in the manufacturing industry will save more time and money due to their IoT-enabled equipment undertaking self-maintenance and signaling developments to managers. Along with extensive material cost savings, IoT will decrease overall maintenance costs, equipment downtime, and maintenance planning time. Collaborative robots: In 2018, less costly, smarter and much safer industrial robots called collaborative robots or ‘cobots’ are predicted to replace bulkier, possibly more dangerous traditional industrial robots. With the United States and China taking the lead in adoption rates, cobot shipments are expected to grow suggestively in the upcoming years. Blockchain in manufacturing: The blockchain technology is mostly related with cryptocurrencies – the technology makes way for digital information to be recorded, stored, and distributed but not replicated or copied. Industry experts believe that it will play a progressively larger role in other industries, including manufacturing. It can be observed as a more trustworthy way of building digital relationships. , to know more about the top four anticipated trends in the manufacturing industry
Infiniti Research is a global market intelligence company offering strategic insights to help look beyond market disruptions, study competitive activity, and develop intelligent business strategies. Listed below are the top four anticipated trends in the manufacturing industry.
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Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies.
With 15+ years of experience and offices across three continents, Infiniti Research has been instrumental in providing a complete range of competitive intelligence, strategy, and research services for over 550 companies across the globe.
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PUB: 05/16/2018 08:38 AM/DISC: 05/16/2018 08:38 AM