An increasingly volatile global economy is putting pressure on manufacturing leadership teams to improve the traceability, efficiency, and resilience of their operations. As this pressure grows, manufacturers will look to various technological innovations to weather the storm. Below are our predictions for manufacturing trends we expect to see in 2023.
Predictive Maintenance for IoT Devices
Many manufacturers are embracing IoT products within their operations. With more devices on the shop floor, managers will need to be proactive when technical issues occur to ensure business operations are not disrupted. Service providers are quickly realizing the benefits of subscription service models using products and machines that have built in sensors to track the lifespan of the device and conduct repairs and maintenance when necessary. This allows the shop floor manager to shift their focus on optimizing efficiency of the supply chains. IoT predictive maintenance will enable manufacturers to make informed, strategic decisions using real-time data and to achieve a wide variety of goals, including cost reduction, enhanced efficiency, improved safety, product innovation, and more. We expect to see the IoT revolution continue to accelerate into the new year and beyond as its benefits become apparent.