Manufacturers have a lot to pick from in terms of technology these days. From 3D printing to AI and advanced robotics, Big Data analytics, the Internet of Things, there is a lot to be excited about. The factory of tomorrow (or maybe just later this afternoon!) will embrace many of these concepts in order to survive and be competitive in the marketplace.
In fact, these technologies are set to deliver some 500 billion to 1.5 trillion dollars in value to the global economy over the next five years. Tremendous! Research suggests that those plants that embrace new ideas can nearly double their profit and operating margin. Who doesn’t want a piece of that action? As millions of factories dedicate more and more money into smart initiatives, it is important to point out the hurdles as well.
While many plants have implemented smart tech procedures, a disturbing amount of them aren’t exactly satisfied with the results. In fact, less than 15% report satisfaction with their level of smart factory success. Perhaps the secret to being smart is also in the equipment one chooses. After all, data analytics are only as good as your ability to interpret them. In the meantime, figuring out how you can cut your energy consumption can pay off big time.
Equipment is an area where smart technology is most effective – but so is being just plain smart. For example, modern inline static mixers, such as those offered by Komax, greatly reduce energy consumption for manufacturing processes, as well as providing a more sanitary, foul-free environment for mixing everything from plastics to beverages.
From industrial manufacturing to automotive and defense industries, every industry stands to gain from getting smarter about smart manufacturing. Smart manufacturing is set to improve everything from on-time delivery methods to improvements in labor conditions. Checking out the best equipment also has the same effect! See how Komax can partner with you to assess your needs in your industry.