There are two times in the history of manufacturing: before and after cloud computing when it led to Future ready Manufacturing.
The industrial revolution led to the growth of manufacturing hubs and other industries that helped make things that made people’s lives better for many years. By using “lean” and “just-in-time” methods, manufacturing companies came up with new ideas at the plant and procedures level. The economies of scale that came from mass production helped companies grow and become global brands. Future ready Manufacturing
With the rise of the internet at the end of the 20th century, the economy changed from being based on manufacturing to being based on service. The internet became the new hub of economic activity, which made it easier for business operations and procedures to be separated. Traditional manufacturing was centralized and required a lot of manual labor. However, a set of complementary technologies made it possible to decentralize and automate manufacturing, which increased productivity and improved unit-level economics.
Mass Production In a Nutshell:
Cloud computing changes the way manufacturing uses technology in a big way by moving inheritance, and on-premise applications to the cloud on a “pay-as-you-go” basis. At the exact same time, high-speed internet and advanced sensors collect data on both products and customers. This lets businesses learn more about how products work and how customers to act. The cloud has become a way for the manufacturing industry to learn more about what consumers want and to adapt more quickly to changes in the market.
Let’s look at the way a cloud-first manufacturing business can plan a digital transformation that will make it more competitive and help it last.
The cloud is what makes it possible for the manufacturing enterprise to work together. During production, the ecosystem creates a huge amount of data, and smart products with intelligence inside them give consumers insights. Importantly, the rich and varied data makes it possible for everyone in the supply chain to make decisions quickly and correctly.
With the cloud, manufacturing can do more than just make finished goods. Progressive manufacturing businesses can make money off of products even after they have been sold. They can do this by having a stake in the ownership of the product and providing service for the product throughout its life. Smart products let manufacturers take advantage of the cloud’s wealth of product information and find new ways to make money through service and preventative maintenance.
No More Extra Pit:
The cloud gives manufacturers a chance to serve customers on the basis of their likes and how they use their products. Smart, connected products are being made by companies to fit the lifestyles of digital consumers. Manufacturers can use the customer and product data they get from the cloud to learn more about their customers and make their products and services more personal.
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