The Latest Trends Of Technology

In this short piece, Paul Leary takes a look at some predictions and trends that will be useful in the coming year in the field of technology and manufacturing.
1. The Internet of Things (IoT) global product and service market will see more than 19% compounded growth rate from the year 2013 to 2019. The worth of the sector will cross the 5600 Billion Dollar mark by next year. At present, there are almost 5 billion devices that IoT enabled. In the next few years, the number will jump to 25 billion.
2. There are constant development and integration of Smart Factories, and integrated European priorities are aligning with Industry 4.0.
3. The three most crucial advanced manufacturing technologies include predictive analytics, smart, connected products (IoT) and advanced materials. To drive competition in manufacturing, US executives believe that Predictive data analytics will be crucial.
4. The one country that is working hard to close the gap with America is China. It has prioritized predictive analytics and is working on gaining a competitive edge by utilizing High-Performance Computing (HPC).
These are the four trends, factors, and technologies that are going to shape the future of manufacturing first in the USA and then globally.

Technologies Affecting Manufacturing To A Lesser Degree

There are some advancements in technology that affect manufacturing immensely while others touch it only peripherally. Today we take a look at two innovations that will change the manufacturing industry to a lesser degree.
• In the coming years, artificial intelligence, machine learning, and advanced robotics are going to advance in leaps and bounds. A 500% growth rate is predicted to take place in the field. Since machine learning and robotics are used in manufacturing technologies, AI is standing to inherit a significant portion of the development.
• The second trend that is going to alter manufacturing is the changes in the material used. Scientists, researchers, and manufacturers have been working for decades on creating new alloys and metals. These inventions have taken fruit and created products that can withstand:
o harsh weather conditions
o function in inhospitable settings
o provide an equal level of protection at a fraction of the weight
Furthermore, the properties of these new materials have given manufacturers a massive amount of data to look through. Selecting which substance needs to be used is going to change due to this collective information. Companies will need to sift through the data to pick material for every individual product.