Smart Manufacturing: Perspective 2024

Advantages of applying Artificial Intelligence to the industrial environment

In recent years, the manufacturing sector has witnessed a radical transformation driven by the term “Smart Manufacturing”. This revolution, supported by significant technological advances, has enabled companies to redefine their processes and operations to achieve unprecedented levels of efficiency and productivity. In this context, Smart Manufacturing has established itself as a fundamental pillar for competitiveness and survival in an increasingly demanding global market.

What is Smart Manufacturing and how has it evolved?

Smart Manufacturing, also known as intelligent manufacturing, refers to the application of advanced digital technologies to optimize and automate production processes in the manufacturing industry. These technologies include Internet of Things (IoT), Artificial Intelligence (AI), Extended Reality and Big Data analytics, among others. This approach not only involves the integration of systems and processes, but also the ability to adapt and learn autonomously, making it a vital element for business competitiveness.

According to a Deloitte report on Industry 4.0, the adoption of Smart Manufacturing enabling technologies has experienced exponential growth in recent years. This Deloitte study indicates that a staggering 86% of industry executives believe that smart factory solutions will be key drivers of competitiveness in the next five years.

Tangible benefits of Smart Manufacturing

Smart Manufacturing offers a wide range of tangible benefits that drive efficiency, quality and profitability in manufacturing operations. These benefits can be seen in several key areas:

  • Automation and Data Management

Automation in data management is a fundamental aspect of Smart Manufacturing. According to a McKinsey study, implementing automated data collection and analysis systems can increase operational efficiency by 20-30%. This is because it allows companies to access real-time information about the performance of production processes, identify trends and patterns, and proactively make informed decisions.

For example, an automotive factory can use IoT sensors to collect data on temperature, pressure and speed in different parts of the production line. This data can be analyzed in real time to identify potential quality issues or bottlenecks in the process.

  • Predictive Maintenance

Predictive maintenance is another key benefit of Smart Manufacturing. According to a PwC report, companies that implement predictive maintenance strategies can reduce maintenance costs by 8-12% and increase equipment availability by 10-20%. This is achieved through the use of machine learning algorithms that analyze sensor data to predict failures and schedule maintenance interventions before serious problems occur.

An example of this is a heavy machinery manufacturing company that uses advanced analytics to monitor the wear and tear of its equipment. Based on the data collected, the company can identify when failures are likely to occur and schedule preventive maintenance to avoid unplanned downtime.

  • Cost optimization and waste reduction

Cost optimization is a key objective of Smart Manufacturing. According to an Accenture study, companies that implement Smart Manufacturing strategies can reduce operating costs by 10-20% and improve profit margins by 3-5%. This is achieved by optimizing processes, reducing waste and improving efficiency throughout the value chain.

For example, an electronics company can use Big Data analytics to optimize inventory management and reduce excess stock levels. This not only reduces warehousing costs, but also improves responsiveness to market demand.

  • Increased productivity and efficiency

Increased productivity is one of the most obvious benefits of Smart Manufacturing. According to a Capgemini report, companies that adopt smart technologies can increase labor productivity by 15-25% and reduce production cycle times by 30-50%. This is due to automating repetitive tasks, optimizing processes and improving overall operational efficiency.

An example of this is a food production plant implementing collaborative robots for assembly and packaging tasks. This not only increases the speed and accuracy of operations, but also frees up workers for higher value-added tasks such as quality control and product innovation.

At Bravent, we are driving the development of the sector with our Artificial Intelligence, Industrial Vision Solution and Extended Realities solutions.

Conclusions

Smart manufacturing represents a significant evolution in the manufacturing sector, driven by technological advances that enable the optimization and automation of processes throughout the value chain. The tangible benefits of this transformation are evident, from improved efficiency and quality to reduced costs and increased productivity. Smart Manufacturing has become an imperative for companies looking to stay ahead of the curve and ensure their long-term success.

Find out how companies like John Deere are taking advantage of the benefits of smart manufacturing in our success stories section John Deere – Bravent Case Study

For more details, you can contact us at Info@bravent.net