The latest component of Industry 4.0, Robotic Process Automation (RPA), maybe be an unfamiliar concept now, but soon these three words will be on the lips of operators big and small all over the world. RPA is already generating substantial revenue savings for businesses, with $50 million recovered in 2017, with a projected compound annual growth rate of more than 60% through 2026. Coupling this emerging technology with a business-centric solution like ERP systems will ensure your workforce is free to engage in the more demanding aspects of your operations, all while automation handles the rest.
With the successful launch and reentry of Tesla’s Falcon Heavy rocket, now is an excellent opportunity to talk about robots, machine vision, and their roles in expanding space research and exploration.
Space robots. Emulated after us in terms of morphology and size, they are superior to industrial robots when it comes to versatility and capability. While right now they may not look as advanced or operate as nimbly as their representations in sci-fi features from the Star Wars and Star Trek franchises, that gap is quickly shrinking. Taking on repairs and other tasks deemed too dangerous for astronauts, these specialized robots are the obvious candidates for many of the precarious activities taking place beyond the relative comfort of Earth.
Automation has experienced a substantial boom over the past several years and things are only gaining momentum. We couldn’t possibly cover all the latest updates and emerging trends, so here are the 10 we believe to be the most exciting emerging trends in automation for 2018.
1. Industrial Internet Of Things (IIoT) Technology Bringing Down Overhead
Lower cost and higher value products with the capability of connecting to existing infrastructure and relaying relevant performance data in real-time will continue to cut automation costs for operations, at scale. Higher-performance processors, detailed sensor equipment, more robust analytics software, ultra-precise vision systems, and cloud computing are only a few examples of IIoT tech that are shaking up automation in Industry 4.0.
A new industrial revolution, Industry 4.0, is blending automation and data exchange in ways that have never been possible before. The change has strengthened the concept of a “smart factory” that integrates cyber-physical systems, the Internet of things, cloud computing, and cognitive computing to create an increasingly cooperative relationship between man and machine throughout the manufacturing process.
Some fantastic developments regarding the future of employment in this new landscape were revealed in a report released last week by the Association of Advancing Automation (A3). The document detailed how automation and, more specifically, robots work to create increasingly valuable and necessary work roles, how the skills gap is being addressed at home and abroad, and how worker wages figure into the equation.
Manufacturers and distributors have access to data on a scale that has never existed before and the two are leveraging the insights gleaned from that access to pursue new innovations in automation and systems that are reshaping the face of these industries. Pairing innovations like these with a robust ERP solution is the most effective way to ensure your business is prepared to address emerging trends that can reshape your industry overnight.
First, there was industry 1.0, the emergence of mechanization, as well as water-, steam-, and fossil fuel-powered systems. This was followed by mass production of goods, assembly line manufacturing, and electricity powering it all in Industry 2.0. With 3.0 came computers and automation using robotics. Today, we’ve reached the next milestone in revolutionizing Industry. Connecting established trends and emerging technologies between automation and data exchange in manufacturing is Industry 4.0. Also referred to as the fourth industrial revolution, it is focused on bringing cyber-physical systems into the mainstream and placing them at the forefront of the manufacturing industry.