Are you losing your business growth opportunities by not using Digital Factory?
What Are Experts saying about Digital Factory?
Every manufacturing expert believes the concept of a digital factory to be a grace for the growth of the manufacturing industry. The key to the sustainability and competitiveness of every manufacturing-driven economy is the digital factory. In the areas of product engineering, a new concept developed on the integration of digital transformation and methodologies is a digital factory.
The comprehensive network of digital models, tools, simulation software, analytics, and 3D/virtual reality, data management, data analytics, and industrial automation, CAD and computer networks is defined as the digital factory by industry experts. The application of digital technology for modeling, communications, and to operate the manufacturing process of the product is made through the digital factory. The digital factory solves all the issues related to configuration, design, screening, and control of the production system of the factory.
The entire concept of the digital factory is a crucial topic in the field of Industry 4.0. The emergence of the fourth industrial revolution Industry 4.0 is emphasizing digital technology. It focuses heavily on inter connectivity, machine learning, real-time data analysis, and automation. Industry 4.0 also comprises a parallel connection with IoT, smart manufacturing, machine learning, big data, and physical production with smart technologies.
Why was the concept of Digital Factory required?
Just recall the age where manufacturing was done with colossal cost integration, including labor cost, machine cost, and other operational and overhead expenses. Are you thinking what made the emergence of the Digital Factory concept? Manufacturing was done efficiently previously also.
The entire industrial world is tormenting with economical pressure, operational inefficiencies, inventory management, resource planning, and labor allocation. The need to overcome all the operational complexities in the manufacturing world promoted the introduction of the digital factory concept. This concept is very broader, which revolves around all the technological advances from the catalogs of IoT, 3D visualization, virtual reality, simulation software, and analytics. The entire manufacturing universe is focusing on increasing their productivity with high-quality products and the lowest possible prices. Digital Factory is often entitled to the utilization of virtual reality for the design and optimization of production processes.
One of the major advantages of a digital factory is that it meets the needs of product designing, quality, time, and cost requirements. It involves the application of simulation software for the development of a new product to resource planning and equipment planning.
Due to the drastic demand for digitalization in the 21st era, companies have started investing in the digital factory concept, which is changing the face of manufacturing companies and shaping their future. Manufacturing industry experts are even able to implement new manufacturing processes, plant concepts, and integrated technologies with the digital factory.
What are the key advantages of Digital Factory for Manufacturing Experts?
According to the survey and analysis with manufacturing experts by expert network group, the digital factory concept is of great advantage for them and carries substantial growth opportunities. The implementation of this concept will directly result in economic development as well as will improve the production parameters of a product.
At the production stage, it even enables you to test and reveal all the possible shortages and production problems which minimize huge production cost during the operation phase. Experts predict the ROI in digital concept to be very high in a short span.
Entrepreneurship risk can be reduced in the production phase of new production. The digital factory also enables the industry experts and entrepreneurs to conduct in an ergonomics analysis for their organization. Experts analyzed, this concept has enabled them to reduce the product launch time up to 25% and enables the growth in production volumes by approx. 15%. It is becoming challenging for all companies to survive in today’s competitive business environment. Digital Factory concept promotes customer centricity and regional manufacturing to meet the tailored requirements of their end-users in no additional cost and time. It will also help them to reduce transportation and logistics costs across the entire value chain and supply chain of the industry.
In this procedure, the required area of manufacturing is reduced, prototypes are also reduced or full eliminated, and required changes within the system are done randomly and efficiently.
Which Factors Driving the Adoption of Digital Factory In The Market?
Rising pressure on industry experts to handle changing consumer preferences and the need to reduce costs for competitive and regulatory reasons is driving the adoption of the digital factory across the manufacturing industry.
The need to automate the production process and meet the rising demand for digitization, which can enable the manufacturing experts to ensure quality products in optimized costs, is leading to an increased demand for digital factories globally.
The willingness to automate the manufacturing procedure and to scale up the transforming technologies ranging to additive manufacturing to IoT connectivity and robotics designing across all industries.
