Your manufacturing business isn't just known as the "product producer" anymore. With the rise of the Fourth Industrial Revolution and rapidly advancing technology, manufacturers have become the glue that holds together the entire life-cycle of the product.
Many fear the effects the Age of Uncertainty will have on manufacturers. With the rise of GDPR, changes in tariffs, and a variety of other regulations, it's hard for businesses to keep up.
It's no surprise that the Boomer generation is reaching retirement age. For most manufactures, this means the retirement of the majority of their workforce and a new generation taking their place.
With the advancement of technology, manufacturers are changing the way they design and build products. AI, digital twins, automation and so much more are driving innovation throughout the entire manufacturing industry. Microsoft dives into current and upcoming industry changes in 2019 Manufacturing Trends.
Manufacturing has come a long way through the years. The Industrial Revolution began back in the late 18th century when power, machinery, and semi-skilled workers were combined. This eventually led up to the first modern factory system.
IT and Operational Technology (OT) have long been separate. IT focuses on technology support for the back office, OT focused on machinery, equipment, tools, and assets.
With big data, Internet of Things (IoT), and advancements in connectivity, Microsoft discovered that it's more feasible and beneficial to converge IT and OT. Data is shared and gives management a holistic view of their organization.