Manufacturing: Future Landscape of Technology
Charlie Hales, Managing Director, Waterstons Australia In a study conducted by Waterstons Australia, 80% of manufacturing businesses have a heavy reliance on manual work and are still using spreadsheets whilst 40% of businesses see process inefficiencies and a lack of proactivity to change as real issues. The future landscape of technology within manufacturing not only includes the implementation of new technologies but the adaptation of current tech, people and processes to future-proof these businesses. Looking to the past to prepare for the future, retrofitting current equipment and tech is currently a viable option for many manufacturing businesses to improve their current situation. Through the Waterstons Innovation Fund, manufacturers are testing out new processes and software with old technology. Retrofitting existing equipment with cameras and sensors combined with machine learning. The purpose is to automatically detect quality issues in outputs as well as to proactively detect when a piece of equipment isn’t operating as normal. This type of retrofitting is typically low cost, not requiring new machinery or systems. The Human Asset Looking at the human element of the future landscape, it’s imperative that manufacturing business remain highly educated and connected with their tech. Integrating training on something as simple as Microsoft Excel and a retraining program on current technology within the business can often be a huge edge for the business. Looking at cyber security, many infiltrations of a company’s systems begin with a stolen password. The importance of your human element is imperative to the future of any manufacturing business. Cultivating a strong company culture can sometimes be overlooked by organisations. However, ensuring your human assets and culture are cohesive, collaborated with and trained correctly reduces the risk of potential disdain from employees who could potentially leak data. There are a multitude of instances like this which can incur […]