Industrial automation evolution has played a massive role in our life since its advent. From looms and knitting machines to Artificial intelligence (AI) and the Internet of things (IoT) has only increased the productivity of tasks, processes, and business. And made life easier and simpler while creating many job opportunities for individuals.
It is estimated that automation will further revolutionize the manufacturing industry. A survey done by good business insights says the industrial automation market size will reach 296.70 billion dollars by 2026. Let’s explore the top 7 trends that will help in generating such colossal numbers.
7 Biggest Trends That Will Open the New Doors for Tech Industry
Following are some of the trends that will shape the tech industry in a big way:
Predictive Analytics
The use of predictive analytics can be traced back to the 17th century. It came into being with the Turing-Welchman Bombe machine and the Monte Carlo simulation.
And now, advanced predictive analytics has become a part of mainstream business, enabling businesses to leverage big data to determine potential risks and opportunities.
The use of modern technologies has made predictive analytics more advanced, and it is estimated that the market will increase by $10.95 billion by 2022. As a result, more and more organizations will be using predictive analysis to recognize and use data patterns to figure out threats and opportunities of the future.
Increased Uses of IIoT
In a world driven by artificial intelligence, data, and ever-advancing connection technologies, it is difficult to leave the Industrial Internet of Things off of the list of game-changing innovations.
Today, IIoT is used in industrial computer applications, including production, and energy management. And it is expected that this IIoT trend will remain the same and be used in almost every machine. As a result, making the machine smaller and easier to produce by manufacturers.
Additionally, the need for IIoT products will rise with embedded software development businesses due to rising environmental consciousness and technical advancement.Â
Moreover, enhancing operational effectiveness and maintenance across several solar production sites also contributes to the market’s expansion.
Focus on Cyber Security
With the digital evolution and great internet connectivity, small or big corporations, organizations, and even governments are relying on computerized systems to perform their day-to-day operations, making cybersecurity a top priority to protect data from different hackers or illegal access.
As cybersecurity is a never-ending race, this trend will thrive more in the future to tackle cybersecurity problems by business owners through staff training and providing complete information to clients and suppliers.
Big Data & Reporting
Big data assists in studying each action that an automated production process takes and makes modifications as per the market demands. The more the IIoT advances, the more data is gathered in real-time. And this is one trend that is going to last long.
Big data will enable firms to observe what exactly is taking place in their organization on a minute-by-minute basis. They can then create better planning and forecasting models, which will boost production and revenues.
In certain circumstances, big organizations can combine data from numerous manufacturing plants to get a more complete view of their operations. The adoption of artificial intelligence and machine learning (ML) can help to improve these procedures even more.
Advanced Use of VR & AR Tools
Since the advent of the pandemic, AR & VR have gotten a more significant push and, from a niche technology, have become a growing market trend across the industry. Today, consumers are less hesitant to use technology. As you will see, they are using AR & VR in almost every sector, from business to education, making communication faster and easier.
In 2020, where 32% of consumers used AR & VR for shopping, this trend is expected to touch $2,094.08 billion by 2027, witnessing market growth at a rate of 68.5% in the forecast period of 2020 to 2027.
5G – Boosting Inter-connectivity
5G is another significant trend that will change the way we use the internet today and
turbocharge the development of new connected technologies. Moreover, 5G has the great potential to bring significant changes in the business world that corporations are just beginning to grasp. By 2030, 5G is anticipated to be worth more than $180 billion in North America.
The speed at which data transfer will be improved by 5G prompts the massive expansion in the use of internet-connected products. Small and medium enterprises will be able to take greater advantage of this new technology and better satisfy the needs of their customers.
Edge Computing Platform for Better Insight
In today’s world, knowledge is everything. With the explosive growth in AI and IoT, the amount of data available is unprecedented.
The edge computer platform uses a sensor and actuator to cut through these complex data and offer you the efficient and most comprehensive data displayed on a user-friendly platform.
Manufacturers with more analytics capabilities may gain more in-depth insights into the functionality and efficiency of their automation systems.
Final Thought
So, these are some of the emerging trends that will change the way you work, making the whole process of your work easier and seamless. So, if you don’t want to leave behind, embrace digital change. iFour is one of the leading companies that provides world-class automotive industry solutions to international OEMs and vehicle manufacturers to take their business to the next level.
