Industry 5.0 combines the power of human discretion and machine-led automation to harness a new level of efficiency. The machine will free the human from the more mundane, repetitive tasks. As a result, the workforce can now focus on value addition and complex decision-making.
24%
of manufacturing execs surveyed cited augmented workforce efficiencies as their #1 future investment
98%
of organizations report that a single hour of downtime costs them over 10,000,000
31%
of manufacturing production processes now incorporate smart devices and embedded intelligence
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Harnessing predictive analytics helps the workforce ensure the equipment and machinery consistently perform at optimal levels. Significantly, it reduces the impact of unplanned downtime, outages, and repairs and extends the lifespan of machines.
Predictive analytics enables continuous monitoring of machines through metrics. The constant datastream helps workers better understand and predict the performance of machines, enabling them to apply the insights thus derived to save time, money, and efforts.
In the new normal of the digital workforce and contactless interactions, Augmented Reality assists in industrial maintenance and support activities. The digital content is superimposed on the machinery, bringing a new level of detailing to life. Animated 3D renderings, that mimic reality, manifest in plain view enabling the operator to perform a wide range of maintenance activities through step-to-step visual guidelines.
The dual view of reality and augmented content helps gain an inside perspective even as the safety of man and machine is ensured. Beyond maintenance, Augmented Reality is an ideal tool for training with experts.
Tasks that need repetitive efforts with minimal human supervision are ideal candidates for Robotic Process Automation. Manufacturers are leveraging RPA to automate back-office processes and operations enabling better speed-to-market and innovation-focus.
Further, RPA facilitates lean structure, regulatory compliance, after-sales support, and organizational agility that contribute to a resilient supply chain and enhanced productivity. IoT enables a constant data stream of metrics that help manufacturers take real-time decisions in a smarter and swifter way.
