Integrating digital technology into engineering industries especially in design and manufacturing greatly increases efficiency/speed, increases production , reduces cost and improves customer satisfaction. With increasing quality demands and competition , digitalization of production and supply chain activities is critical and crucial.
Digital technologies in the manufacturing industry have made them smarter and safer and also has a huge impact on ESG (Environmental, Social and Governance) . Condition based monitoring is another example where we can understand the implementation of such technologies which involves gathering large data over cloud and interpreting the results provided by multiple sensors. Predictive analysis and demand monitoring/forecasting are other areas that support with the supply chain. Artificial Intelligence and Machine learning have become prominent contributors to data analysis and interpretation.
Collaboration between different verticals such as design and manufacturing is a key area influenced by the use of digital technologies. CAD/CAM/CAE and PLM systems have now evolved to support collaboration and this has helped in creating more immersive designs, 3D Designs and also additive manufacturing of these designs. Augmented Reality and Virtual Reality are technologies that allow you to experience immersive design.
Source: Business World
