Top 10 Manufacturing Technology Companies - 2018
Manufacturers are waking up to emerging technology, data analysis, and the importance of uptime as well as its impact on their organizations. Manufacturing processes, workforce, technologies, and even the channels of supply and distribution have seen several radical changes. Advanced capabilities implemented throughout the product lifecycle have led to increased visibility in product development and maintenance, fast production time, a surge in savings on cost and improved customer support. Manufacturers are banking on these capabilities powered by automation, artificial intelligence (AI), machine learning, and the internet of things (IoT).
The entry of AI and automation into the manufacturing industry has assured a higher safety rate by taking over hazardous tasks. AI allows the automation of workflows through predictive analysis, enables collaborative robotics, optimized equipment usage, and also improves the recruitment and retention of experts in the field of manufacturing. At the same time, the “automation economy” is expected to open up newer avenues and create the requirement for a diverse skill set.
Across industries, the manufacturing process has steadily picked up the pace by embracing of the IoT. This sensors-led wave of technology is bringing about effective cost-cutting, increased safety, and efficiency, besides spurring product innovation. Roughly, one-third of manufacturing production and non-production processes now incorporate embedded intelligence or smart devices. As companies recognize the importance of data management, they leverage the information gleaned from the analysis of operational data to kick-start organizational change.
These technologies, in combination with other major game-changers such as big data, blockchain, and data analytics, have resulted in the creation of better shop floors, where the scope for change is beyond limits.
As the number of solution providers braving the competition to provide better manufacturing technology solutions has filled to the brim, choosing an appropriate solution provider is a cumbersome, yet magnanimous task for CTOs, CIOs, and CEOs. CIOReview magazine’s editorial team, with the support and guidance from manufacturing technology veterans and industry analysts, has selected a list of manufacturing technology solution providers that demonstrate sophistication and innovation.
We present you 10 Most Promising Manufacturing Technology Solution Providers - 2018