But manufacturing giants have absorbed the shocks and built strong responses toward business growth. They are steering away from the traditional notion of being on the shop floor, and moving toward remote monitoring production in real-time, data and cloud-based solutions to become agile.
In many ways, the pandemic has forced organizations to hit the brakes on daily operations, but in other ways, it has created an added emphasis on speeding up their technology adoption efforts. Organizations are now implementing digital solutions like artificial intelligence just to maintain their standard operations.
For the manufacturing industry, 2021 will be a period to recover, re-invent, and run. Sensors and the Internet of Things (IoT), real-time visibility into supply chains, cloud and analytics, automation and remote operations will inject agility, intelligence, and efficiency into the sector.
Take for instance Honeywell using data and tools to make business decisions faster, enable remote work, and ensure safety of workers. Or, Corning quickly gearing up to their commitment toward their customers in the bioprocessing space.
Though this is a great start, transformation is happening in pockets and most organizations are missing out on long-term success by not focusing on the right technologies. What will it take for manufacturers to sustain progress and move toward business growth?
In the modern world of manufacturing, the industry faces endless disruptions, supply chain visibility challenges, monitoring and maintaining health and safety of the workforce, and keeping productivity at optimum levels amidst constant battling of uncertainty and experiencing major impact on their business.
The COVID-19 crisis has severely challenged the resiliency and preparedness of manufacturing companies, with the situation calling for a multifaceted approach, actions, and future-proof transformational steps designed not just to preserve and protect business models but also help in assuring customers and communities of their continuity and commitment.
Redefining manufacturing operations with Artificial Intelligence and Machine Learning