7 top tech trends set to revolutionize manufacturing in 2023 | NASSCOM community

The manufacturing sector has always been at the forefront of adopting new technologies and processes that help streamline production and increase efficiency. Over the past decade, the industry has seen a surge in digital transformation efforts with the advent of Industry 4.0 technologies such as the Internet of Things (IoT), artificial intelligence (AI), and cloud computing. These technologies have enabled manufacturers to collect and analyze massive amounts of data in real time, revolutionizing the way they work. However, technology is constantly evolving and changing the way we make, consume and interact with products. Consequently, manufacturers must stay on top of all emerging trends and be ready to adopt them quickly if they want to keep up. To give you an idea of ​​what to prepare for in 2023, here are the top technology trends set to revolutionize manufacturing.

1. 3D printing

In the near future, 3D printing technology will revolutionize the manufacturing sector by making it easier and cheaper to produce products on demand. This enables companies to work more efficiently and react quickly to customer requirements. In addition, 3D printing technology will enable companies to manufacture customized products, which will further increase their competitiveness.

2. Augmented Reality

The manufacturing sector will be revolutionized by a number of different technology trends in the coming years and augmented reality is one of the most significant. Augmented Reality (AR) involves overlaying digital information over the real world and has a number of potential applications in manufacturing.

For example, it could be used to help workers assemble products by providing them with digital instructions to overlay on the physical product. AR could also be used for quality control by allowing staff to identify defects quickly and easily. And it could be used for maintenance and repair, giving technicians digital information about the equipment they’re working on.

AR is still in the early stages of development, but there are already a number of companies working on AR solutions for manufacturing. As the technology continues to mature, it is expected to have a major impact on the manufacturing sector.

3. Robotics

One of the most significant technology trends that will revolutionize the manufacturing sector is robotics. Robotics is already having a major impact on industries such as automobile manufacturing, where robots are used extensively to assemble cars. This trend is expected to grow exponentially in the coming years as manufacturers seek to improve efficiency and productivity.

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The use of robotics in manufacturing offers numerous advantages. First, robots can work faster than humans and don’t need breaks. This means they can increase production rates without compromising on quality. Second, they are more precise than humans, meaning they can create products with a higher level of accuracy and consistency. Third, they don’t get tired, so they can work longer if needed. Finally, robots can be programmed to perform tasks that are too dangerous or difficult for humans to perform safely.

However, implementing robotics in manufacturing comes with some challenges. One challenge is the high initial cost of the investment. Another challenge is the need for special training for workers who will operate the robots. However, these challenges are likely to diminish as the technology becomes more widespread and mature.

4. Internet of Things

The Internet of Things (IoT) is a network of physical devices, vehicles, household appliances, and other objects embedded with electronics, software, sensors, and connectivity that allow these objects to connect and exchange data. The number of Internet of Things (IoT) devices worldwide is forecast to almost triple from 9.7 billion in 2020 to more than 29 billion IoT devices in 2030.

IoT has the potential to revolutionize manufacturing by transforming the way factories work. Connected sensors can be used, for example, to monitor machines and predict maintenance requirements. This preventive maintenance can help avoid production stops and downtime. Additionally, real-time data collected from IoT devices can be used to improve factory operations and optimize production lines.

Despite the potential benefits of the IoT, there are a few challenges that need to be addressed before it can be widely adopted in manufacturing. One challenge is security; The more connected factories are, the more vulnerable they become to cyber attacks. Another challenge is data management; As large amounts of data are generated by IoT devices, factories need effective ways to store, manage, and analyze that data.

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5. Big Data and Analytics

Big data and analytics are two of the most talked about topics in the manufacturing industry today. And with good reason: when used correctly, they can help manufacturers increase production efficiencies, reduce costs and improve decision-making.

But what exactly is big data? And how can analyzes be used to improve production processes? In this article, we answer these questions and more, and provide an overview of the key technology trends set to revolutionize manufacturing in 2019.

So what is big data? Expressed in a simple way; It’s a term used to describe the large amounts of data that organizations have today. This data can come from a variety of sources, including social media, sensors, transaction systems, and more.

And thanks to advances in technology, it’s now possible to store and analyze that data like never before. This is where analytics comes into play. Analytics is the process of turning raw data into insights that can be used to improve decision making.

In manufacturing, there are a number of ways that big data and analytics can be used to improve operations. For example, they can be used to track real-time production metrics, identify problems and bottlenecks early, and optimize maintenance schedules. Additionally, they can be used to develop better forecasting models and target marketing efforts more effectively.

6. Cloud Computing

The manufacturing sector is under pressure to maintain a competitive edge and embrace new technologies that can help it streamline its processes and improve its products. One of the most promising new technologies is cloud computing.

Cloud computing has the potential to revolutionize manufacturing by providing a more flexible and scalable way to manage data and applications. With cloud computing, manufacturers can quickly and easily access the resources they need to develop and test new products without having to invest in expensive infrastructure. Additionally, cloud-based applications can be regularly updated and accessed from anywhere, making it easier for manufacturers to keep up with the latest trends and technologies.

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The benefits of cloud computing are already being realized by some of the world’s leading manufacturers. General Electric, for example, uses the power of the cloud to create a “digital thread” that connects all aspects of its product development process. This digital thread enables GE engineers to rapidly design, test and iterate on new product ideas, bringing them to market faster than ever before.

As more manufacturers adopt cloud computing, we will see even more transformative changes in the way goods are designed, produced and delivered. The manufacturing sector is on the brink of a major transformation – and cloud computing will be a major driver of this transformation.

8. Advanced Materials

Advanced materials will revolutionize the manufacturing sector in many ways. First, they offer the potential to make lighter and stronger products. This can lead to reduced production costs and improved energy efficiency. In addition, advanced materials can be used to create self-healing or self-cleaning products. This can improve product quality and reduce maintenance costs. Finally, they can be used to manufacture products with novel properties such as flexible electronics or superconductors. This can open up new applications for existing technologies and enable the development of entirely new technology platforms.

The manufacturing sector will experience significant transformation in the coming years, with new technologies promising to revolutionize the industry. We’ve outlined some of the key technology trends that will impact this sector in 2023, from AI and automation to 3D printing and blockchain. These technologies will revolutionize the way manufacturers work, enabling them to make informed decisions in real time, reduce downtime and increase efficiency. Moving into 2023 and beyond, we can expect continued growth in adoption of these technologies, leading to a more efficient, effective and competitive manufacturing sector.

However, the data generated by manufacturing is exponentially high, most of which is unstructured. There is a need for a scalable and unified unstructured data management technology that ensures data is streamlined and secured, data classification is effective, and data is protected with the highest levels of compliance and security.