Budgetary allocations have trimmed during the pandemic. It means that manufacturing units have to cut down on the time taken to deliver goods. Consequently, tech tools are being deployed at various stages of manufacturing to fast-track go-to-market plans with products.
While the manufacturing industry has always leveraged technology, this time the focus is on solutions that offer precision and updates to mitigate risk. Data analytics are being tapped for gauging the activities in the manufacturing plant through the dashboard. Simulations are happening through AR-VR (augmented reality/virtual reality).
Diverse verticals are likely to reorient their production units. It may be inclusive in nature and the products are expected to be multifunctional. Over time, the inclusive approach of the manufacturing units may help build products for scale. This could open out avenues and research in laser technology, 3D printing, rapid prototyping and hardware.
“Coming...