Infiniti Research Unveils the Top Trends in the Manufacturing Industry

Infiniti Research, a world-renowned market intelligence solutions provider, has announced the completion of their latest article on the top trends influencing the manufacturing industry.

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Globally, the manufacturing industry is one of the biggest employers and currently employs more than a million people worldwide. Companies in the manufacturing industry are facing intensive pressure to innovate and bring down costs. An analysis of the new trends highlights the fact that the manufacturing companies are pursuing digital transformation to bring about innovations and boost process efficiency. In this fast paced environment, manufacturers have to embrace the change and utilize advanced manufacturing capabilities and information technology (IT) throughout their manufacturing processes to boost efficiency.

According to the manufacturing industry experts at Infiniti Research, " Many companies opting for smart manufacturing are struggling to implement fully scaled smart manufacturing concepts."

Continue reading to know more about the manufacturing trends and technologies that must be adapted to be at par in the industry or request a proposal.

Top Trends in the Manufacturing Industry:

Leveraging digital platforms

Digital platforms play a critical role in raising consumer expectations. They are the most significant drivers of digitization in the manufacturing industry. Advanced digital technologies like IoT, AI, machine learning, robotics, and data analytics assure that the right products are manufactured at the right price and get delivered to the right people. The use of digital technologies and platforms are crucial to optimize the enterprise value chain and supply chain in the manufacturing industry. To get more information on the manufacturing trends, Request for more information.

IT and value chain

Many companies abstain from using digital technologies despite the beneficial manufacturing trends due to substantial setup costs associated with them. Although businesses have realized its importance when it comes to outperforming other companies in the manufacturing industry, the benefits of advanced technologies outweigh the setup costs involved in the process and aligns the value chain process to the business strategy. Also, timely optimization of the digital technologies pays up the initial costs by increased operational efficiency and productivity boosts. To gain more insights into the investments involved in this domain and the latest trends affecting investment costs, get in touch.

Legacy applications

Legacy applications are usually tagged as outdated and inefficient systems. But in the manufacturing industry, business data, and digital histories all exist within the legacy system. Replacing the system with the advanced technologies may not always be smooth and fruitful. Most manufacturing processes are still based on legacy systems; whereas, others are looking to phase out legacy applications to enable digitization gradually. To read the complete list of manufacturing trends access the full article here!

About Infiniti Research

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. To know more, visit: https://www.infinitiresearch.com/about-us

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