The Future of Manufacturing Industry with Digitization and Changing Workforce
Manufacturing Industry has witnessed numerous changes with the help of digitization similar to other businesses. It has gone through a whole new perspective of the industry viewing it critically and reshaping the industry with more productivity and efficiency. It is pretty much known that the industry as a whole will undergo changes but how will the workforce gets impacted and what will companies do to bring this change puts up a real question.
To understand the differences to be faced by the workforce, different personas get created to check if it works accordingly. The different labor needs are changing with the adoption of technology and digitization when on one hand the jobs are increasing exponentially for workers; a few places are being filled automatically by digitization.
As per Deloitte, over the next decade, nearly 3.5 million manufacturing jobs will likely need to be filled. Also, with changing tools and jobs, manufacturers will be needing employees at work who are highly skilled in data science, technology, and engineering.
How will it affect the industry as a whole
With much technology adoption and digitization, the manufacturing industry observes itself amid the Fourth Industrial Revolution (Industry 4.0). Industry 4.0 brings itself an unusual speed with the help of some major technologies of the era such as AI, IoT, Automation, Advanced Analytics, and robotics.
As per the Industry-experts, the factor that drives the transformation to the future factories in the manufacturing industry is led by the nature of changing demand with consumers asking and expecting better valued, custom based, and personalized products with much precision.
However distinctive may be the business models, strategies, and sectors of manufacturing companies are, they shall face a vast collection of digital trends and opportunities brought to them along with the whole value chain process. The best solution that came to the manufacturing industries with technology and digital transformation is the automation of the production processes. Not just this, modifications such as co-robots brought the employees and robots to work together in an environment, changing the whole aspect of working physically. On the other hand, AI, big data, and advanced analytics are building the industry stronger from within by changing their work, performances, and functions, especially for the future.
The change in the workforce
With Digitization in life science, financial services, and the manufacturing industry has reached almost every sector of the market. And, despite the changes witnessed in the functional and production process of manufacturing companies, the need for skilled workers with digital transformation and technology adoption has emerged subsequently. These professionals are the only ones who can make changes possible and enable smart factories and developers of humans to work with machines. People with a better understanding of technology are needed to alter and raise the whole manufacturing landscape.
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