The Manufacturing Industry Foresees Large Scale Automation, According to Industry Veterans
Published By : 06 Jul 2015 | Published By : QYRESEARCH
In a world that is evolving at a rapid pace, efforts to sustain the traditional can doom the future. The research and development activities are currently attempting to avoid getting trapped in the situation by citing the industry-specific requirements. Present day industries seek agility and they want their process to be attuned to be able to support evolution in industrial trends and practices. The global industries are increasingly aiming to offer high value-addition by capitalizing on their position in the complex global supply chain.
The research priorities also seek to achieve scalable solutions for these industries that will help them to attain competitiveness in specific niche product segments that has already exhibited progresses such as high-performance composites, alloys, polymers, and materials.
However, it is not stated in clear terms as to what would define the manufacturing efficiencies of tomorrow, which is gearing up to be driven by automation and artificial intelligence. The manufacturing ideologies now revolve around the capita-intensive culture which would help industries attain better quality products and services with fewer workers.
Hence, with this development, the society has to admit that exponential growth in manufacturing in terms of revenue generated, will not always mean creation of increased hob opportunities in the sector. While there are economies who contest the viability of capital-intensive manufacturing, there are industry veterans who think that the upcoming culture will not necessarily be a bad thing. The introduction of automation and technological advances will enhance wealth creation that in turn can be invested in services, health, and other industrial sectors. Hence, they predict that nationwise, the job prospects will ultimately increase.
Veterans of the manufacturing industry said that if industry participants are smart enough to align their research efforts to their priorities, this will eventually lead to the development of advanced manufacturing techniques, which in some respects will ensure value-addition in food and resources and will also help economies achieve innovation in medical devices.