5 Importance of Technology in Production

5 Importance of Technology in Production

Smart tech can help production in various ways, and some you may not expect. More than your home hub, there is smart tech available for manufacturing that helps transform how you operate.

This includes directly saving money as your systems become more efficient and more intelligent based on data analysis.

So, from inventory management to predictive maintenance, here are some examples of how upgrading automated systems can benefit your business.

1. Real-Time Data Monitoring

The National Association of Manufacturers states that 30% of manufacturers use real time data to predict performance issues.

High end manufacturing equipment like those available from alps-machine.com, are able to integrate into existing systems pretty easily while adapting new and exciting technologies.

With smart tech, data analytics allow your system to monitor all aspects of manufacturing, resulting in early detection of critical problems for immediate action.

2. Stock Control and Inventory Management

You can spend a lot of time managing inventory, and it gets more complex with the more you have.

However, rather than rack your brain sorting out stock or chasing lost items, smart systems can streamline your entire process.

Smart tracking is easier than ever, and you can even use apps such as Sortly.

These kinds of systems allow you to organize stock efficiently. They also help improve the accuracy of stock systems and reduce common human error.

3. Smart Tech Can Help Production Efficiency

It is usually more challenging than most people think to maintain an efficient and productive manufacturing line for a successful operation.

However, smart technologies will increase the efficiency of any automated system, resulting in higher productivity.

You can expect efficiency increases of up to 50% with the right tools and applications, including automation, sensors, and AI.

All of these are common factors in digital transformation and installing Industry 4.0 systems.

4. The Benefits of Predictions

Digital twinning is a relatively new concept and comes with many useful features. But what exactly is it?

With a smart system featuring software systems, it is possible to recreate your processes virtually.

With an exact replica of your manufacturing system in a virtual environment, you can run simulations based on changes to accurately predict the impact they will have, such as downtime.

Because of this, you can experiment without the need to disrupt actual production.

Read 5 Ways To Reduce Production Costs In Manufacturing

5. Predictive Maintenance and Downtime

Downtime is the enemy of manufacturing and can cost a considerable amount of money.

According to Aberdeen Research, the average cost of downtime in manufacturing is a lot more than most people think, at around $260,000 per hour!

Not many companies can afford to lose amounts like that, especially SMBs. However, smart systems are the solution.

While they can’t erase downtime, they can reduce it using AI and data analysis to predict incoming problems.

Summary

Real time data monitoring is just one way that smart tech can help production and manufacturing issues.

Integrated systems that speak to each other result in a more efficient system, one that can also reduce downtime (saving money) through predictive maintenance.

Read 7 Ways Food Processing and Manufacturing Companies Can Boost Output