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Manufacturing Trends

5 Intelligent Manufacturing Industry Trends for 2019

Posted by Alita Stratton, CPA on Dec 20, 2018 12:25:00 PM

It’s that time of year—as we wrap up 2018, industry trend reports predict what we can expect in the year ahead. As the manufacturing industry continues to improve efficiencies and outcomes by embracing smart technology, a recent Microsoft 2019 Manufacturing Trends report identifies trends to watch for in 2019, including: 

(More) Intelligent Manufacturing

In an earlier blog, we addressed disruptive manufacturing, which includes digitalization, IoT, cloud computing and additive manufacturing positive forces in the industry. Watch for more of the same with a sharpened focus on AI and machine learning that are expected to make manufacturing supply chain smarter. 

IT and OT Become One

According to the report, watch for IT systems to merge with operational technologies to create more connected solutions to meet customer demands. Faster fulfillment and greater transparency are the drivers behind this trend, which also calls for the integration of new and legacy systems. 

Rise of XaaS

Speaking of customer demands, manufacturers will need to improve their business models to get closer to their buyers. Anything-as-a-service, or XaaS, recognizes the numerous tools, technologies, and end-products that are delivered to users as a service. Cloud computing has made it possible to make a growing number of services, once available only locally, accessible anywhere. This concept bundles software as a service (SaaS), platform as a service (PaaS) and infrastructure as a service (IaaS). The drive is toward greater cost efficiency with higher speed, resulting in quicker customer response. The concept extends to include transportation, grocery products, and anything manufactured. 

Manufacturing Technology Continues to Evolve

Research and development propel manufacturing forward to revolutionize the way consumers receive and use products and services. Watch R&D to become more efficient, safe and…yes, smarter. For example, digital twins – a computerized version of a physical process – will allow manufacturers to test new products remotely and inexpensively. As we mentioned above, additive manufacturing has gained traction in recent years. Hybrid manufacturing models are expected to accelerate this process. 

Uncertain Times

With tariffs in the news almost every day, a list of manufacturing trends would be incomplete without mentioning greater uncertainty in the industry. Trade policies, new regulations, and data protection rules will continue to keep manufacturers on their toes. The workforce challenge will call for manufacturers to embrace a more diverse generation to fill critical roles in both the front and back office. 

Goldin Peiser & Peiser can help you take advantage of technology and cost-efficient practices in your manufacturing business. To learn more about our Manufacturing and Distribution Group, fill out the form below, or call Alita at 972-818-5300.

Note: This content is accurate as of the date published above and is subject to change. Please seek professional advice before acting on any matter contained in this article.

Topics: Manufacturing