Smarter manufacturing in the age of convergence
-Joseph Sousa, President, Asia Pacific, Rockwell Automation Sometimes I wish I was ten years younger. Not out of vanity but because of what’s about to unfold in the manufacturing industry. We’ve arrived at a genuine inflection point in how we go about business. There’s an opportunity to produce more high-quality goods for more people while reducing costs and environmental impact. This opportunity is being driven in part by a significant increase in consumer wealth. We’re witnessing the most significant expansion of the middle class that we’ve ever seen. Forecasted in 2016, 160 million people will join the ranks during the next five years. More than 3.2 billion people already enjoy this status. We’ve also seen a shift from manual production to mass production, customised mass production and now personalised mass production. We’ve improved our capacity to measure what people want and our ability to link this knowledge with production resources to meet those demands. This is information is critical in an age where consumers are demanding more personalised products. Today, Millennials, in particular, place a high value on adding their personality to what they buy. More than half of consumers would prefer to shape the products and services they buy. This type of personalised mass production requires a lot of flexibility in manufacturing processes. In the modern factory, set-up time is a key variable determining the ability to tap into short-term opportunities. Merely being able to see a chance isn’t enough. Global business opportunities mean global competition, increasing the imperative to act quickly. Whereas this global competition, once reserved for large international enterprises, most businesses now have potential rivals in other countries. The convergence of information technology (IT) and operational technology (OT) offers a smarter way to convert the business into opportunity. Data is helping many manufacturers to unleash […]