As one of the fastest-growing emerging economies in the world, India has a huge demographic dividend and is expected to catch up with China to become the world's most populous country. Coupled with its solid training in scientific and technological talents and its advantages in English, it has attracted a large amount of foreign investment. India is considered will become the new world factory.
The shortened product life cycle, low-volume variety, and customization have become mainstream. Quick response and flexible adjustment are the keys to the competitiveness of the manufacturing industry. Rapid trial production has become an international research project to win orders and reduce development risks.
How to make good use of digital technology to analyze, formulate strategies, and respond quickly at the core of enterprise operations has become the key to development.
There are continuous information security attacks against manufacturers around the world. For the manufacturing industry, it is not only necessary to consider the information security layout of the IT side, but also to strengthen the overall protection capability on the OT side to cope with the increasingly rampant cyber-attacks.
To enhance competitiveness, manufacturers are driving a shift from a reactive problem-solving model to a more proactive device, process, product, and plant management model.
Utilize industrial augmented reality technology and virtual reality to further improve employee productivity, efficiency, and customer satisfaction through real-time step-by-step work instructions.
The U.S. machine tool industry is the industry that has been hit the most by this wave of epidemics, including smart machinery and Industry 4.0, which are still the unchanged development trends for machine tool manufacturers in the future.
Both lean and agile manufacturing emphasizes leveraging market knowledge, integrating supply chains, and reducing product lead times.
Due to the outbreak of COVID-19 and its rapid global spread, the global auto parts, semiconductor, and electronics industries have been exposed to highly uncertain risks. Global supply chain logistics is an issue that everyone has had to reexamine.
The Metaverse is bringing virtual gamers to a wireless sci-fi vision with an infinite number of virtual worlds. However, you will find some transformation and benefits in how manufacturers can be more productive in the digital and physical worlds.
Digital manufacturing is a production method in which computer technology creates a product in a desired style or quantity using little or no human involvement. Digital manufacturing uses digital tools to combines and connect all manufacturing processes.
Germany is the second-largest producer of machine tools in the world, after China. Advanced German machine tool technology has led the development of the machine tool market.
Smart manufacturing utilizes advanced manufacturing technology and provides solutions through AI, the Internet of Things, big data, cloud, edge computing, and other technologies to substitute the production process with an intelligent manufacturing model and customize products according to customer needs.
Wisdom Manufacturing (WM) is the use of advanced manufacturing technology and new-generation information technologies such as the Internet of Things, big data, cloud computing, artificial intelligence (AI), etc., to highly customize every link of the production process and use advanced manufacturing models to adapt to rapidly changing external market demands.
In 2020, the global machine tool market was worth 111.36 billion U.S. dollars. Affected by the COVID-19 epidemic and the Sino-US trade war, China’s import and export value of machine tools declined by 17.7% and 11.5% respectively in 2020 compared to 2019. However, it is still the world’s largest machine tool market, accounting for approximately 35% of the world’s total.
New technologies bring forth the new. AI and the cloud are irreversible trends that are strengthening the competitiveness of enterprises. Enterprises should consider how to implement AI and the cloud in each application of the enterprises.
Digital transformation is the process of applying digital technology to recreate the way work is done to create and provide new value.
The manufacturing industry has faced multiple operational obstacles caused by the pandemic. How can companies use digital technology to strengthen the industrial ecological chain and their own health in an all-around way?
Industrial Internet of Things (Indusrial IoT, or IIoT) is the expansion and use of the Internet of Things (IoT) in industrial applications. Industrial IoT focuses on machine-to-machine (M2M) communication, big data, and machine learning (ML) to make industrial operations more efficient and reliable. IIoT covers the entire industrial application, including robotics, medical equipment, and software-defined production processes.
Improving production efficiency is the foundation for the manufacturing industry to gain a firm foothold. The manufacturing industry achieves smart operations by introducing AI applications, automatically identifying abnormalities, or making adjustment suggestions, and assisting companies in achieving more accurate adjustments to machines and upgrading equipment. During the process, the traditional manufacturers are transformed into the smart manufacturers.